OLDWICK - JUNE 09, 2021 02:39 PM (EDT)
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Scotia Reinsurance Limited (Scotia Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Scotia Re s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect rating enhancement from the company s sister entity, Scotia Insurance (Barbados) Limited (SIB), based on the transfer of the original block of business in 2017
Scotia Re is primarily a life reinsurance subsidiary that assumes non-Canadian business, largely from Mexico, South and Central America and the Caribbean, sourced through retail operations of the company s ultimate parent, The Bank of Nova Scotia (Scotiabank). The initial book of business was assumed in 2017 from SIB, whic
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RICHMOND, Va., June 9, 2021 /PRNewswire/ Dominion Energy (NYSE: D) today announced the successful syndication of sustainability-linked credit facilities totaling $6.9 billion, furthering its ongoing commitment to a sustainable future.
$6.0 billion master credit facility extended to 2026
$0.9 billion supplemental credit facility expiring in 2024
The master credit facility links pricing to achievement of annual renewable electric generation and diversity & inclusion milestones. The supplemental facility presents a first of its kind structure whereby pricing benefits accrue for draws related to qualified environmental and social spending programs.
James R. Chapman, executive vice president, chief financial officer and treasurer said These green financings support our corporate sustainability objectives and complement our industry leadership around environmental, social, and governance strategies, while providing us with the flexibilit
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Scotia Reinsurance Limited (Scotia Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable.
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AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Scotia Reinsurance Limited (Scotia Re) (Barbados). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Scotia Re’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings also reflect rating enhancement from the company’s sister entity, Scotia Insurance (Barbados) Limited (SIB), based on the transfer of the original block of business in 2017
Scotia Re is primarily a life reinsurance subsidiary that assumes non-Canadian business, largely from Mexico, South and Central America and the Caribbean, sourced through retail operations of the company’s ultimate parent, The Bank of Nova Scotia (Scotiabank). The initial book of business was assumed in 2017 from SIB, which
OLDWICK - JUNE 09, 2021 02:35 PM (EDT)
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Scotia Insurance (Barbados) Limited (Scotia Insurance) (Barbados). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Scotia Insurance s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Scotia Insurance is primarily a life reinsurer that ultimately is owned by The Bank of Nova Scotia (Scotiabank). Scotia Insurance principally reinsurers credit insurance policies underwritten by major third-party life insurance carriers on consumer loans originated by Scotiabank s retail operations throughout Canada. The company has a long history of favorable underwriting results that have continued through 2020 despite challenges brought on from operating in the COVID-19 pandemic