A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and upgraded the issuer credit rating to “bbb+” from “bbb” of Interglobal Insurance Company Limited (Interglobal) (UK). The outlook for both ratings is stable.
The rating actions reflect Interglobal’s improving business position, good prospective earnings and strong risk-adjusted capitalization.
In A.M. Best’s opinion, Interglobal has [...]

Citing its financial strength, Mutual of Omaha announced that it will not participate in the in the U.S. Treasury Department’s Troubled Asset Relief Proposal (TARP) Capital Purchase Program.
“Mutual of Omaha has a strong capital position and good liquidity. We are profitable and fully able to meet our commitments to our policyholders. Therefore we elected not [...]

American Equity Investment Life Holding Company announced that A.M. Best Company affirmed its financial strength rating of A- (Excellent) while revising the outlook to negative from stable. In affirming the rating, A.M. Best recognized AEL’s:
* More than adequate level of risk-adjusted capitalization
* Consistently positive GAAP operating results
[...]

Flagstone Reinsurance Holdings Limited announced that AM Best Company has assigned Flagstone Reinsurance Africa Limited an ‘A-’ financial strength rating (FSR), and an issuer credit rating (ICR) of “a-“. The rating reflects the strong capitalization of the Flagstone Group and a full parental guarantee from Flagstone Reassurance Suisse SA, the majority owner of Flagstone Reinsurance [...]

Britannia members overwhelmingly endorse plans to merge with The Co-operative Financial Services (CFS) to create new super-mutual.
New business will be the most diversified customer-owned enterprise in
UK financial services, providing ethical alternative to banks
– Strong strategic and cultural fit between the [...]

The Board of Directors of Central Valley Community Bancorp (Company) the parent company of Central Valley Community Bank (Bank), is pleased to announce that President and CEO Daniel J. Doyle will be presenting at the Sandler O’Neill West Coast Financial Services Conference on Tuesday, March 3, 2009 between 10:45 a.m. – 11:40 a.m. PST as [...]

Prudential Financial, Inc. will host a conference for analysts and investors in New York City, on Thursday, December 10, 2009. Further details will be announced closer to the date of the meeting.
Prudential Financial, Inc a financial services leader with approximately $602 billion of assets under management as of September 30, 2008, has operations in the [...]

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Fidelity National Financial Group (Fidelity) and its eight title insurance members. In addition, A.M. Best has removed from under review with negative implications and affirmed the [...]

Rating agency A.M. Best has affirmed the excellent financial ratings of all Regence companies. A.M. Best evaluates Regence plans annually and issues a rating based on its assessment of each company’s financial strength.
“The current economic climate means that rating agencies are giving extra scrutiny to the financial health of the companies they evaluate,” said Mark [...]

In response to Moody’s Investors Service’s (Moody’s) downgrade of bond insurer Financial Security Assurance Inc. (FSA) to Aa3 with developing outlook, Robert P. Cochran, chairman and chief executive officer of Financial Security Assurance Holdings (FSA Holdings or the Company) and Financial Security Assurance Inc. (FSA), said: “We disagree with Moody’s on a number of points [...]