Latest news with #StanislavStoev
Yahoo
03-06-2025
- Business
- Yahoo
Best's Market Segment Report: AM Best Maintains Stable Outlook on UK Life Insurance Segment
LONDON, June 03, 2025--(BUSINESS WIRE)--AM Best has maintained its stable market segment outlook on the United Kingdom's life insurance segment. In its new Best's Market Segment Report, "Market Segment Outlook: UK Life Insurance," AM Best cites the strong pipeline for pension risk transfers (PRTs), as higher interest rates support attractive pricing to defined benefit scheme sponsors. The PRT market generated more than GBP 50 billion of premium in 2024, and AM Best expects the volume of transactions in 2025 to be close to that figure. The report also notes that although there is an expectation for further cuts in interest rates, current levels still will support solid investment returns for U.K. life insurers and reduce their reliance on illiquid assets to generate earnings. AM Best also expects regulatory scrutiny to remain focussed on funded reinsurance, which will require attention from life insurance companies. To access a complimentary copy of this special report, please visit AM Best is a global credit rating agency, news publisher and data analytics provider specialising 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 Stanislav Stoev, ACCA, CFA Senior Financial Analyst +44 20 7397 0306 Ghislain Le Cam, CFA, FRMSenior Director, Analytics+44 20 7397 Richard Banks Director, Industry Research – EMEA +44 20 7397 0322 Edem Kuenyehia Director, Market Development & Communications +44 20 7397 0280
Yahoo
12-03-2025
- Business
- Yahoo
AM Best Withdraws Credit Ratings of Newpoint Reinsurance Company Limited
LONDON, March 12, 2025--(BUSINESS WIRE)--AM Best has withdrawn the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Newpoint Reinsurance Company Limited (NPRE) (St. Kitts and Nevis). At the time of the withdrawal, the Credit Ratings (ratings) were under review with the implications revised to negative from developing. The ratings reflect NPRE's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management. The revision of the implications of the under review status to negative from developing reflects the complexity of capital and asset structures of NPRE and its parent, NFG SA, which in turn has the potential to affect AM Best's view of the company's balance sheet strength fundamentals. The withdrawal of the ratings is due to the complexity of NFG group's asset structure, which prevents AM Best from continuing with its interactive rating process with NPRE. 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 specialising 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 Stanislav Stoev, ACCA, CFA Senior Financial Analyst +44 20 7397 0306 Tim Prince Director, Analytics +44 20 7397 0320 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
