Fitch Ratings has affirmed the insurer financial strength of the major insurance entities of the Coface group at “AA+”, citing their strategic importance within the French financial group Natixis and strong standalone financial strength. Fitch also affirmed Coface SA’s issuer default rating at ‘AA’, and said the outlooks on all ratings remain stable.
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of the Singapore-based Tenet Insurance Company with a stable outlook. “The ratings reflect Tenet’s strong capitalization level, conservative and liquid investment, and stable investment income,” said Best.
Was this article valuable?
Here are more articles you may enjoy.
Roof Costs Soar Even as Claims Decline: Verisk 
USI Insurance Services Claims Ex-Broker Poached Clients for Own New Agency 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
