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Fitch assigns 'BBB' rating to SK’s reinsurance captive
19 December 2023
Kazakhstan Reporter Frances Jones

Fitch Ratings has assigned Kazakhstan Energy Reinsurance Company an insurer financial strength (IFS) rating of 'BBB' and a national IFS rating of 'AAA'

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AM Best affirms “Excellent” rating for Phillip 66’s captives
18 December 2023
UK Reporter Klea Neza

The ratings reflect Spirit and Radius’ balance sheet strength, which AM Best assesses as "very strong”

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AM Best upgrades rating of SAOC’s captive
08 December 2023
Saudi Arabia Reporter Frances Jones

AM Best has upgraded the long-term issuer credit rating to “a+” (Excellent) from “a” (Excellent)

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AM Best affirms “Excellent” rating for The AES Corporation's captive
04 December 2023
US Reporter Frances Jones

AGIC is a wholly-owned single-parent captive insurer of the US energy company The AES Corporation

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AM Best removes Clear Blue from under review
28 November 2023
US Reporter Jack McRae

AM Best has removed Clear Blue Insurance Group from under review with negative implications

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AM Best affirms “Excellent” rating for ITOCHU’s captive
28 November 2023
Japan Reporter Frances Jones

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermuda-based NEWGT Reinsurance Company

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AM Best affirms “Excellent” credit ratings of Zurich Insurance’s captives
23 November 2023
US Reporter Jack McRae

FNWL and Farmers Re are both US-based captive insurers for their ultimate parent company Zurich Insurance

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