Downgrades

LONDON--(BUSINESS WIRE)--AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bb+” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of Custodian and Allied Insurance Limited…

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of certain…

BEIJING, Jan. 8, 2023 /PRNewswire/ -- China put its downgraded COVID-19 measures into force on Sunday as the nation began to resume normal life after three years of strict pandemic management. The nation reopened its border ports for cargo…

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “bb” (Fair) of the…

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has downgraded the Financial Strength Rating (FSR) to B (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Good) from “a-” (Excellent) of…

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair)…