AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Journey Insurance Company. The outlook for the FSR has been revised to stable from negative. The outlook for the Long-Term ICR is negative.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of members of Nodak Insurance Group. Concurrently, AM Best has affirmed the Long-Term ICR of“ bbb+” of NI Holdings, Inc., a publicly traded holding company. The ratings also reflect Nodak’ s neutral business profile driven by its market position as a leader in personal.
AM Best has placed under review with positive implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of the members of AmeriTrust Group, whose principal insurance subsidiaries operate under an intercompany reinsurance pooling agreement. AmeriTrust Group is headquartered in Southfield, Michigan.
However, a new Best’ s Market Segment Report,“ Market Segment Outlook: Spain Non-Life Insurance ", notes the country’ s growth prospects remain subject to significant uncertainty. In addition to the potential emergence of COVID-19 variants, the threat of further inflation and supply chain disruption following Russia’ s invasion of Ukraine could also undermine.
AM Best has affirmed the Long-Term Issuer Credit Rating of“ bb+” to Austral Participações S.A.. Concurrently, AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of Austral Resseguradora S.A. and Austral Seguradora S.A. The outlook of these ratings is positive. All companies are domiciled in Brazil, and collectively are referred.