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AM Best Assigns Issuer Credit Rating to Austral Participações S.A.

AM Best Assigns Issuer Credit Rating to Austral Participações S.A.
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AM Best Assigns Credit Ratings to Town & Country Life Insurance Company

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Assigns Credit Ratings to Town & Country Life Insurance Company
February 25, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Feb 25, 2021
AM Best has assigned a Financial Strength Rating of B+ (Good) and Long Term Issuer Credit Rating of “bbb-” to Town & Country Life Insurance Company (Town & Country) (Salt Lake City, Utah). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Town & Country’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. ....

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AM Best Assigns Credit Ratings to Eureka-Re SCC

Posted on
8368
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Eureka-Re SCC (Eureka) (Barbados). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect Eureka’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The stable outlooks reflect AM Best’s expectation that Eureka’s strategy will continue to reflect a more stable financial performance in upcoming years, especially in regard to stabilization of the company’s operating performance. ....

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AM Best Affirms Credit Ratings of Assurant Daños México, S.A. and Assurant Vida México, S.A.

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Assurant Daños México, S.A. and Assurant Vida México, S.A.
February 25, 2021 GMT
MEXICO CITY (BUSINESS WIRE) Feb 25, 2021
AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” and the Mexico National Scale Rating of “aaa.MX” of Assurant Daños México, S.A.
(ADM) and
(AVM).
The outlook of these Credit Ratings (ratings) is stable. Both companies are domiciled in Mexico City, Mexico. ....

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AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited's Senior Unsecured Notes

Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited’s Senior Unsecured Notes
February 25, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Feb 25, 2021
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” to the recently announced CAD 850 million, 3.95% senior unsecured notes, due March 2031, of Fairfax Financial Holdings Limited’s (Fairfax) (Toronto, Canada). The outlook assigned to the Credit Rating (rating) is stable.
Fairfax intends to use the net proceeds of the offering to fund the redemption of its 5.84% senior unsecured notes, due 2022, and 4.50% senior unsecured notes, due 2023. Any remaining balance of the net proceeds will be used to refinance or repay outstanding debt or other corporate obligations of Fairfax and its subsidiaries and for general corporate purposes. ....

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