AM Best Places Credit Ratings of British Caribbean Insurance Company Limited Under Review With Developing Implications
The action taken on these Credit Ratings (ratings) is due to the announced completion of BCIC's acquisition of JN General Insurance Company (JNGI) on June 11, 2025. While the two organizations currently operate independently, it is expected that there will be an amalgamation of BCIC and JNGI into one legal entity.
AM Best has placed these ratings under review with developing implications pending completion of its discussions with management as to the business strategy for the combined operations and the impact of the amalgamation on BCIC's balance sheet strength, operating performance, business profile and its enterprise risk management. The ratings will remain under review with developing implications until the completion of any amalgamation and AM Best's discussions with management about the strategic and financial plans for the combined organization.
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
MediaCo's EstrellaTV Caps Off July With Surging Prime Ratings and Strong Year-Over-Year Growth Among P18-49
NEW YORK, August 16, 2025--(BUSINESS WIRE)--EstrellaTV, the multiplatform Spanish-language network owned by MediaCo Holding Inc. (Nasdaq: MDIA), closed out the July ratings period with significant momentum, notching some of its strongest audience gains of the season and extending a months-long trend of year-over-year growth in prime among Adults 18-49. In the final week of July, EstrellaTV delivered 18.3k among P18-49 viewers in Monday-Sunday prime, marking the network's 5th highest weekly prime delivery this season and a substantial +24% increase over its season-to-date average. This robust performance capped a month in which EstrellaTV averaged 13.8k P18-49 viewers in the daypart, up +13% vs. July 2024 (12.2k). It was the fourth consecutive month and the sixth time in the past eight months that EstrellaTV has posted year-over-year gains in this key demo. By contrast, top Spanish-language networks Univision and Telemundo posted year-over-year declines in July among P18-49 in MS prime of -35% and -21%, respectively. Unimas saw a +15% bump year-over-year for July, largely driven by FIFA Mundial coverage. However, without the heavy soccer content in the final week, Unimas' audience fell -43% compared to its average across the first three weeks of the month. Strong prime time programming fueled EstrellaTV's July performance: Alarma TV (9p) averaged 30.4k P18-49 viewers in July, up +37% vs. its season-to-date average. In the final two weeks of the month, the show soared even higher, averaging 38.1k and 35.7k, respectively. Tengo Talento, Mucho Talento (8p) closed the month strong, delivering 18.7k P18-49 viewers in the final week, +10% above its STD average. 100 Latinos Dijeron (7p) was also a standout, climbing +23% vs. STD in the final week (18.7k vs. 15.2k). These gains reinforce EstrellaTV's growing relevance among younger Hispanic audiences and the continued strength of its programming strategy. MediaCo's EstrellaTV added more firepower to its summer season with the live music, reality competition, Objetivo Fama, on August 2nd at 8PM EST. Since its premiere, the show is building momentum with viewers and part of a non-stop music and soccer programming line-up this Saturday, August 16th beginning at 8PM EST with the heated Tigres vs. América Liga MX rivalry match. Source: Nielsen National TV View, National Sample; Panel Only, TV with Digital. Live+Same Day, Strict Daypart Averages Mon-Sun 7p-11p; P18-49 AA (units). Season-to-date (9/23/24-7/27/25), July 2025 (6/30/25-7/27/25); July 2024 (7/01/24-7/28/24). ABOUT MEDIACO MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through its influential brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles, and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. Its content spans music, news, and entertainment across major local and national markets. Learn more at View source version on Contacts For press inquiries: press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Yahoo
AM Best Revises Outlook to Negative for Star Mutual Risk Retention Group, Inc.; Affirms Credit Ratings
OLDWICK, N.J., August 15, 2025--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term ICR of "bbb-" (Good) of Star Mutual Risk Retention Group, Inc. (Star Mutual) (Knoxville, TN). The Credit Ratings (ratings) reflect Star Mutual'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. The negative outlook reflects concerns regarding pressure on Star Mutual's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), due to the company's rapid growth trajectory, which has significantly exceeded projections. Premium volume grew by over 150% in 2024, significantly outpacing surplus growth, driven largely by rapid expansion in policies in force and entry into new jurisdictions. While this growth has enhanced the company's market presence, it has also strained capital adequacy in the near term, raising concerns about the management of growth within its volume of risk insured and risk tolerance. Forward-looking projections indicate improvement, but AM Best believes execution risk remains elevated. In recent years, Star Mutual has continually strengthened its underwriting framework through the development of additional rating factors aimed at mitigating high-risk drivers and operators. These enhancements, along with increased visibility from the company's AM Best rating and expanded operating geography, have allowed Star Mutual to attract more diverse and preferred risks. The company continues to utilize and integrate additional enhancements to its proprietary underwriting platform that supports its risk mitigation strategy. AM Best acknowledges Star Mutual's efforts to further improve its overall risk selection and portfolio quality; however, the effectiveness of these controls will continue to be evaluated as the company scales further. Negative rating actions may occur in the near term if there is deterioration in balance sheet strength metrics such that they no longer support the current assessment. Negative rating actions may also occur if unexpected or material variances from projections persist. Although unlikely, positive rating actions could occur if surplus growth exceeds growth in premiums to better support the book of business and results in an improvement in overall balance sheet strength metrics. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Luke Davies Financial Analyst +1 908 882 2467 Daniel Teclaw Director +1 908 882 2390 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Yahoo
19 hours ago
- Yahoo
AM Best Revises Outlook to Negative for Star Mutual Risk Retention Group, Inc.; Affirms Credit Ratings
OLDWICK, N.J., August 15, 2025--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term ICR of "bbb-" (Good) of Star Mutual Risk Retention Group, Inc. (Star Mutual) (Knoxville, TN). The Credit Ratings (ratings) reflect Star Mutual'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. The negative outlook reflects concerns regarding pressure on Star Mutual's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), due to the company's rapid growth trajectory, which has significantly exceeded projections. Premium volume grew by over 150% in 2024, significantly outpacing surplus growth, driven largely by rapid expansion in policies in force and entry into new jurisdictions. While this growth has enhanced the company's market presence, it has also strained capital adequacy in the near term, raising concerns about the management of growth within its volume of risk insured and risk tolerance. Forward-looking projections indicate improvement, but AM Best believes execution risk remains elevated. In recent years, Star Mutual has continually strengthened its underwriting framework through the development of additional rating factors aimed at mitigating high-risk drivers and operators. These enhancements, along with increased visibility from the company's AM Best rating and expanded operating geography, have allowed Star Mutual to attract more diverse and preferred risks. The company continues to utilize and integrate additional enhancements to its proprietary underwriting platform that supports its risk mitigation strategy. AM Best acknowledges Star Mutual's efforts to further improve its overall risk selection and portfolio quality; however, the effectiveness of these controls will continue to be evaluated as the company scales further. Negative rating actions may occur in the near term if there is deterioration in balance sheet strength metrics such that they no longer support the current assessment. Negative rating actions may also occur if unexpected or material variances from projections persist. Although unlikely, positive rating actions could occur if surplus growth exceeds growth in premiums to better support the book of business and results in an improvement in overall balance sheet strength metrics. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Luke Davies Financial Analyst +1 908 882 2467 Daniel Teclaw Director +1 908 882 2390 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
