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Incorporated in 1992 in the state of Missouri, [10] Reinsurance Group of America, Incorporated (RGA) was formed as a holding company for GA's U.S. and Canadian reinsurance businesses. RGA was taken public by IPO in 1993 on the New York Stock Exchange (NYSE: RGA), with General American retaining a 65% share. [11]
Financial strength ratings of Gen Re's reinsurance operations: A.M. Best: A++ (Superior) [2] Standard & Poor's Claims Paying Ability Rating: AA+ [3] Moody's Financial Strength Rating: Aa1 [3] General Re Corporation is the holding company for Gen Re's global reinsurance and related operations.
Ratings for insurance companies matter because they highlight the financial stability of an insurer and help people gauge if the company will be able to provide them with the money they need in ...
Ping An Insurance China: 937.0 5 China Life Insurance China: 900.5 6 Axa France: 846.3 7 Legal & General United Kingdom: 786.1 8 MetLife United States: 759.7 9 Nippon Life Japan: 725.0 10 Manulife Financial Canada: 718.1 11 Assicurazioni Generali Italy: 663.9 12 American International Group United States: 596.1 13 Life Insurance Corporation ...
A.M. Best Assigns Ratings to Arch Indemnity Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has assigned a financial strength rating of A+ (Superior) and an issuer credit rating ...
AM Best is an American credit rating agency headquartered in Oldwick, New Jersey, that focuses on the insurance industry. Both the U.S. Securities and Exchange Commission and the National Association of Insurance Commissioners have designated the company as a Nationally Recognized Statistical Rating Organization (NRSRO) in the United States. [1 ...
Demotech developed a rating system for independent, specialty, and regional insurance carriers. It gathers and analyzes annual and quarterly statutory financial statements, statements of actuarial opinion, actuarial opinion summaries, reinsurance information, audit reports, and discussions with management. [9]
In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial rating firm, created panic in ...