DOCSLIB.ORG

A.M. Best's Credit Ratings

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
A.M. Best's Credit Ratings A.M. Best March 2018 A.M. Best’s Credit Ratings A.M. Best’s Credit Ratings Country Totals Algeria . 1 Kuwait . 4 Anguilla . 1 Lebanon . 4 Antigua and Barbuda . 1 Liechtenstein . 4 Argentina . 3 Luxembourg . 15 Australia . 9 Macau . 5 Austria . 1 Malaysia . 10 Azerbaijan . 2 Malta . 3 Bahamas . 7 Mauritius . 1 Bahrain . 10 Mexico . 32 Barbados . 23 Micronesia, Federated States of . 1 Belgium . 5 Morocco . 1 Bermuda . 96 Nepal . 2 Bhutan . 1 Netherlands . 3 Bosnia and Herzegovina . 1 New Zealand . 37 Brazil . 9 Nigeria . 5 British Virgin Islands . 2 Norway . 1 Canada . 155 Oman . 2 Cayman Islands . 24 Pakistan . 2 China . 13 Panama . 9 Costa Rica . 2 Papua New Guinea . 2 Curaçao . 1 Peru . 1 Cyprus . 1 Philippines . 4 Czech Republic . 1 Poland . 1 Dominican Republic . 1 Portugal . 1 Egypt . 3 Puerto Rico . 28 El Salvador . 1 Qatar . 5 Fiji . 1 Russia . 2 Finland . 1 Singapore . 17 France . 14 Slovenia . 3 Germany . 20 South Africa . 1 Ghana . 1 South Korea . 13 Gibraltar . 3 Spain . 11 Guam . 6 St . Kitts and Nevis . 1 Guernsey . 5 St . Lucia . 1 Honduras . 1 St . Maarten . 1 Hong Kong . 16 Sweden . 2 Iceland . 1 Switzerland . 16 India . 5 Taiwan . 6 Indonesia . 4 Thailand . 4 Ireland . 20 Togo . 1 Isle of Man . 1 Trinidad and Tobago . 4 Italy . 5 Tunisia . 1 Jamaica . 2 Turkey . 1 Japan . 13 United Arab Emirates . 16 Jordan . 7 United Kingdom . 54 Kazakhstan . 12 U .S . Virgin Islands . 3 Kenya . 3 Vietnam . 6 Copyright © 2018 A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. No part of this report or document may be distributed in any electronic form or by any means, or stored in a database or retrieval system, without the prior written permission of A.M. Best. For additional details, refer to our Terms of Use available at A.M. Best website: www.ambest.com/terms. MARCH 2018 1 A.M. Best’s Credit Ratings This report includes credit ratings for all companies rated by A.M. Best worldwide, as well as their Outlooks and Implications. It excludes entities rated in the United States. Credit ratings consist of the Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) for each company. Detailed reports, including rationales, are made available to subscribers on our website shortly after ratings are released. For explanations of rating terminology, refer to the Guides to Best’s Ratings following this report. Credit ratings are effective as of 28 February 2018. For current ratings please visit www.ambest.com Best’s Credit Rating Scale A.M. Best Credit Rating Definitions Comparison of Financial Strength Rating (FSR) to • Best’s Financial Strength Rating (FSR) Credit Market Scale An independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations Long-Term ICR FSR aaa, aa+ A++ • Best’s Issuer Credit Rating (ICR) aa, aa- A+ An independent opinion of an entity’s ability to meet its ongoing a+, a A financial obligations, issued on either a long- or short-term basis a- A- • Best’s Issue Credit Rating (IR) bbb+, bbb B++ An independent opinion of credit quality assigned to issues that bbb- B+ gauges the ability to meet the terms of the obligation, issued on a bb+, bb B long- or short-term basis bb- B- b+, b C++ • Best’s National Scale Rating (NSR) b- C+ A relative measure of creditworthiness in a specific local jurisdiction ccc+, ccc C that is issued on a long-term basis and derived exclusively by ccc-, cc C- mapping the NSR from a corresponding global Issuer Credit Rating c D (ICR) using a transition chart Financial Size Category Table To enhance the usefulness of ratings, A.M. Best assigns each rated (A++ through D) insurance company a Financial Size Category (FSC). The FSC is based on adjusted policyholders’ surplus (PHS) in U.S. dollars and may be impacted by foreign currency fluctuations. The FSC is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts. Class Adj. PHS ($ Millions) Class Adj. PHS ($ Millions) I Less than 1 IX 250 to 500 II 1 to 2 X 500 to 750 III 2 to 5 XI 750 to 1,000 IV 5 to 10 XII 1,000 to 1,250 V 10 to 25 XIII 1,250 to 1,500 VI 25 to 50 XIV 1,500 to 2,000 VII 50 to 100 XV 2,000 or greater VIII 100 to 250 MARCH 2018 2 A.M. Best’s Credit Ratings Outlook/ Outlook/ AMB# Name Ultimate Parent ICR Implication FSR Implication ALGERIA 090777 Compagnie Centrale de Réassurance bbb- Stable B+ Stable ANGUILLA 090585 Nagico Insurance Company Limited Nagico Holdings Limited bbb Positive B++ Stable ANTIGUA AND BARBUDA 013025 Caribbean Alliance Insurance Company Limited a Stable A Stable ARGENTINA 077351 American Home Assurance Company (Argentina Branch) a Stable A Stable 094990 IRB-Brasil Resseguros S .A . (Argentina Branch) a- Stable A- Stable 093224 Starr Indemnity & Liability Company (Argentina Branch) a Stable A Stable AUSTRALIA 086552 Ansvar Insurance Limited Allchurches Trust Limited a- Stable A- Stable 086085 Chubb Insurance Company of Australia Limited Chubb Limited aa+ Stable A++ Stable 086993 First American Title Insurance Company of Australia Pty Limited First American Financial Corporation a Stable A Stable 086052 General Reinsurance Australia Ltd Berkshire Hathaway Inc . aa+ Stable A++ Stable 086652 General Reinsurance Life Australia Ltd . Berkshire Hathaway Inc . aa+ Stable A++ Stable 077834 Guild Insurance Limited The Pharmacy Guild of Australia a- Stable A- Stable 077924 The Hollard Insurance Company Pty Ltd Hollard Investments Cooperatieve U .A . a- Stable A- Stable 093909 The New India Assurance Company Limited (Australia Branch) a- Stable A- Stable 078302 Pacific International Insurance Pty Limited GRAMAR Family Holdings Pty Ltd bbb Stable B++ Stable AUSTRIA 090599 Credendo - Single Risk Insurance AG Credendo Export Credit Agency a- Stable A- Stable AZERBAIJAN 093787 AzRe Reinsurance, OJSC AzRe Reinsurance, OJSC bbb- Stable B+ Stable 095015 PASHA Insurance OJSC PASHA Holding LLC bbb- Stable B+ Stable BAHAMAS 086819 Atlantic Medical Insurance Limited Edmund Gibbons Limited a- Stable A- Stable 086960 Bahamas First General Insurance Company Limited Bahamas First Holdings Limited a- Stable A- Stable 089077 Colina Insurance Limited AF Holdings Ltd . a- Stable A- Stable 087111 Family Guardian Insurance Company Limited FamGuard Corporation Limited a- Stable A- Stable 087888 RoyalStar Assurance Limited RoyalStar Holdings Ltd . a Stable A Stable 086820 Security and General Insurance Company Limited Edmund Gibbons Limited a- Stable A- Stable 083010 Summit Insurance Company Limited a- Stable A- Stable BAHRAIN 091291 ACE American Insurance Company (Bahrain Branch) aa+ Stable A++ Stable 085013 Arab Insurance Group (B .S .C .) Arab Insurance Group (B .S .C .) a- Stable A- Stable 085489 Bahrain Kuwait Insurance Company B .S .C . Gulf Insurance Group K .S .C .P . a- Stable A- Stable 087928 The Bahrain National Insurance Company BSC (c) Bahrain National Holding Company BSC bbb+ Stable B++ Stable 094316 FAIR Oil & Energy Insurance Syndicate bbb- Stable B+ Stable 077623 Life Insurance Corporation (International) B .S .C . (c) Life Insurance Corporation of India bbb+ u Negative B++u Negative 092458 Saudi Arabian Insurance Company B .S .C . Mawarid Holding Company a- u Negative A- u Negative 091539 SNIC Insurance B .S .C . (c) E .A . Juffali & Brothers bbb- Stable B+ Stable 088717 Solidarity Bahrain B .S .C . Solidarity Group Holding BSC (c) bbb Positive B++ Stable 086326 Trust International Insurance & Reinsurance Company B .S .C . (c) Trust Re Nest Investments (Holdings) Limited a- Stable A- Stable BARBADOS 093065 Active Capital Reinsurance, Ltd . bbb+ Stable B++ Stable 056229 BMO Reinsurance Limited Bank of Montreal a+ Stable A Stable 093560 The Canada Life Assurance Company (Barbados Branch) aa Stable A+ Stable 072561 CIBC Reinsurance Company Limited Canadian Imperial Bank of Commerce a+ Stable A Stable 086477 DuraRock Reinsurance, Ltd . Matthew T . Moroun a Negative A Negative 085496 Energy Insurance Mutual Limited Energy Insurance Mutual Limited a Stable A Stable 095287 Energy Risk Indemnity Reinsurance Inc . Energy Powerhouse Consortium S .A . bbb- Stable B+ Stable 075202 ICM Assurance Ltd CNOOC Limited a- Stable A- Stable 086555 Insurance Corporation of Barbados Limited BF&M Limited a- Stable A- Stable 077342 London Life and Casualty (Barbados) Corporation Great-West Lifeco Inc a+ Stable A Stable 093559 London Life Insurance Company (Barbados Branch) aa Stable A+ Stable 086916 Massy United Insurance Ltd . Massy Holdings Ltd . a- Stable A- Stable 093077 Ocean International Reinsurance Company Limited a- Stable A- Stable 093682 Optimum Reassurance Inc . (Barbados Branch) a- Stable A- Stable 093943 RBC Life Insurance Company (Barbados Branch) a Positive A Stable 090222 RGA Atlantic Reinsurance Company, Ltd . Reinsurance Group of America, Inc . aa- Stable A+ Stable 086956 Royal Bank of Canada Insurance Company Ltd Royal Bank of Canada a+ Stable A Stable 086979 Sagicor General Insurance Inc . Sagicor Financial Corporation Limited a- Stable A- Stable 086569 Sagicor Life Inc . Sagicor Financial Corporation Limited a- Stable A- Stable 057051 Scotia Insurance (Barbados) Limited Bank of Nova Scotia a+ Stable A Stable 095145 Scotia Reinsurance Limited Bank of Nova Scotia a+ Stable A Stable 056952 TD Reinsurance (Barbados) Inc . Toronto-Dominion Bank a+ Stable A Stable 086298 Wentworth Insurance Company Limited Fairfax.
Load more

Recommended publications
  • Full Portfolio Holdings
    Hartford Multifactor International Fund Full Portfolio Holdings* as of August 31, 2021 % of Security Coupon Maturity Shares/Par Market Value Net Assets Merck KGaA 0.000 152 36,115 0.982 Kuehne + Nagel International AG 0.000 96 35,085 0.954 Novo Nordisk A/S 0.000 333 33,337 0.906 Koninklijke Ahold Delhaize N.V. 0.000 938 31,646 0.860 Investor AB 0.000 1,268 30,329 0.824 Roche Holding AG 0.000 74 29,715 0.808 WM Morrison Supermarkets plc 0.000 6,781 26,972 0.733 Wesfarmers Ltd. 0.000 577 25,201 0.685 Bouygues S.A. 0.000 595 24,915 0.677 Swisscom AG 0.000 42 24,651 0.670 Loblaw Cos., Ltd. 0.000 347 24,448 0.665 Mineral Resources Ltd. 0.000 596 23,709 0.644 Royal Bank of Canada 0.000 228 23,421 0.637 Bridgestone Corp. 0.000 500 23,017 0.626 BlueScope Steel Ltd. 0.000 1,255 22,944 0.624 Yangzijiang Shipbuilding Holdings Ltd. 0.000 18,600 22,650 0.616 BCE, Inc. 0.000 427 22,270 0.605 Fortescue Metals Group Ltd. 0.000 1,440 21,953 0.597 NN Group N.V. 0.000 411 21,320 0.579 Electricite de France S.A. 0.000 1,560 21,157 0.575 Royal Mail plc 0.000 3,051 20,780 0.565 Sonic Healthcare Ltd. 0.000 643 20,357 0.553 Rio Tinto plc 0.000 271 20,050 0.545 Coloplast A/S 0.000 113 19,578 0.532 Admiral Group plc 0.000 394 19,576 0.532 Swiss Life Holding AG 0.000 37 19,285 0.524 Dexus 0.000 2,432 18,926 0.514 Kesko Oyj 0.000 457 18,910 0.514 Woolworths Group Ltd.
    [Show full text]
  • Global Insurance Stock Aggregate Email
    GLOBAL INSURANCE STOCK REVIEW INSURANCE STOCKS IN 2017 RETURNS BY SECTOR Index / Sector | # of Companies * Weighted Return Global insurance stocks performed in MSCI ACWI IMI | 9,475 25.50% line with overall world equity markets in 2017, with the IIS aggregate’s Insurance | 226 25.22% 25.2% gain falling just short of the MSCI index’s 25.5% advance. There P&C | 83 19.52% were significant variances, however, with respect to regional, size and L&H | 70 32.55% industry sector performance. Multi-line | 45 23.84% Large Market Capitalization insurance Reinsurance | 17 9.24% issues soared 33% last year, while Small Cap stocks added just 7%. Brokers | 11 22.65% Investors have shown a marked preference for the highly liquid shares 0% 10% 20% 30% 40% of larger companies, including RETURNS BY MARKET CAP insurance companies. Investors also Market Cap | # of Companies showed favor toward international insurers last year. The leading regions Small | 42 6.91% of the world for insurance stocks were Small/Medium | 43 19.77% Africa (+43%), Middle East (+38%) and Europe (+35%), while US issues Medium | 55 24.75% gained just 9%. Medium/Large | 46 23.12% Large | 40 33.33% 0% 10% 20% 30% 40% In terms of industry sectors, the top performing areas of the industry were RETURNS BY MARKET TYPE Life & Health, which gained 33% and Market Type | # of Companies Multi Line, up 24%. Nonlife related US | 92 9.12% issues had lower returns, with Property & Casualty up 20% and Developed | 83 31.27% catastrophe-plagued Reinsurers up only 9%.
    [Show full text]
  • Company Profile Second Quarter 2021
    Chubb Limited Chubb Group Company Profile Bärengasse 32 1133 Avenue of the Americas CH-8001 Zurich New York, NY 10036 Second Quarter 2021 Switzerland Tel: +1 212.827.4400 Six months ended June 30, 2021 Tel: +41 (0)43 456 76 00 NYSE: CB chubb.com Overview Balanced, Diversified Leader Chubb is the world’s largest publicly traded — A global leader in traditional and specialty property and casualty insurer, providing P&C coverage for industrial commercial and commercial and personal property and casualty mid-market companies insurance, personal accident and supplemental — The largest commercial lines insurer in the health insurance, reinsurance and life insurance U.S. and one of the largest financial lines — As an underwriting company, we assess, writers globally. assume and manage risk with insight and — The leading personal lines insurer for discipline America’s successful individuals and families and a large personal lines provider globally — We service and pay our claims fairly and promptly — A global leader in personal accident and supplemental health insurance — Chubb operates in 54 countries and territories, — A P&C reinsurer approximately 31,000 employees serving a diverse group of clients worldwide — An international life insurer focused on Asia Financial Snapshot (FY 2020) Premium Distribution by Product* 3% Global Reinsurance Gross premiums written $41.3 billion Agriculture 4% Global A&H Large Corporate Commercial P&C Net premiums written $33.8 billion and Life 20% 14% 3% Global Reinsurance Net income $3.5 billion Agriculture 4%
    [Show full text]
  • Press Release April 2021 P&C Renewals
    Press Release April 15 , 2021 - N° 8 April 2021 P&C Renewals SCOR performs strongly at the April 1, 2021, renewals, growing reinsurance premiums by 14.3% and building on the continued firming of the market observed in January At the April 1, 2021, reinsurance renewals1, SCOR performed strongly, benefiting from the continued improvements in pricing and terms & conditions already seen during the January renewals. SCOR grew its gross premiums up for renewal by 14.3%2 at constant exchange rates3 to EUR 600 million, with a 4.3% overall increase in pricing. The technical profitability of the portfolio benefited from rate-on-rate compounding effects after last year’s price increases. These continued improvements in pricing and terms & conditions are fully in line with the positive outlook set in September 2020 at the Investor Day and already observed in January. The bulk of the portfolio renewed on April 1 (64%) is in the Asia-Pacific region, of which Japan and India are the most significant markets (each accounting for approximately 28-29% of total premiums up for renewal): • In Japan, SCOR grew premiums by 3% at constant exchange rates to EUR 156 million, benefiting from significant price increases, while partially redeploying its capacity away from frequency-affected layers. Fully leveraging its deep client relationships and the strength of its position on this market, SCOR benefited from price increases of 12.3% year-on-year on Japanese CAT excess-of-loss programs, accelerating its payback from the 2018 and 2019 typhoon losses. • Leveraging its Tier 1 position in India as well as positive market conditions in the country, SCOR achieved significant premium growth of +21% at constant exchange rates, reaching EUR 178 million.
    [Show full text]
  • Cohen & Steers Preferred Securities and Income Fund
    Cohen & Steers Preferred Securities and Income Fund As of 06/30/2021 Current % of Total Security Name Sector Market Value Market Value Wells Fargo & Company Flt Perp Banking $219,779,776.15 1.81 % Charles Schwab Corp Flt Perp Sr:I Banking $182,681,675.00 1.51 % Bp Capital Markets Plc Flt Perp Energy $158,976,029.00 1.31 % Bank of America 6.25% Banking $148,052,279.38 1.22 % Bank of Amrica 6.10% Banking $144,075,863.52 1.19 % Citigroup Inc Flt Perp Banking $139,736,756.25 1.15 % Emera 6.75% 6/15/76-26 Utilities $134,370,096.24 1.11 % Transcanada Trust 5.875 08/15/76 Pipeline $116,560,837.50 0.96 % JP Morgan 6.75% Banking $116,417,211.75 0.96 % JP Morgan 6.1% Banking $115,050,549.38 0.95 % Credit Suisse Group AG 7.5 Perp Banking $112,489,090.00 0.93 % Enbridge Inc Flt 07/15/80 Sr:20-A Pipeline $101,838,892.50 0.84 % Charles Schwab Corp Flt Perp Sr:G Banking $101,715,980.40 0.84 % Bank of America Corp 5.875% Perp Banking $99,269,540.97 0.82 % Sempra Energy Flt Perp Utilities $97,680,337.50 0.81 % BNP Paribas 7.375% Banking $96,328,288.48 0.79 % Jpmorgan Chase & Co Flt Perp Sr:Kk Banking $95,672,863.00 0.79 % Metlife Capital Trust IV 7.875% Insurance $94,971,600.00 0.78 % Citigroup 5.95% 2025 Call Banking $89,482,599.30 0.74 % Transcanada Trust Flt 09/15/79 Pipeline $88,170,468.75 0.73 % Ally Financial Inc Flt Perp Sr:C Banking $86,422,336.00 0.71 % Banco Santander SA 4.75% Flt Perp Banking $83,189,000.00 0.69 % American Intl Group 8.175% 5/15/58 Insurance $82,027,104.20 0.68 % Prudential Financial 5.625% 6/15/43 Insurance $80,745,314.60 0.67
    [Show full text]
  • Crossmark Steward Large Cap Enhanced Index Fund Holdings Page 2 of 13
    CROSSMARK STEWARD Page 1 of 13 STEWARD FUNDS LARGE CAP ENHANCED INDEX FUND CROSSMARKGLOBAL.COM HOLDINGS November 30, 2018 NAME SHARES MARKET VALUE 3M CO. 7,744 $1,610,132.48 ABBOTT LABORATORIES 32,722 $2,423,064.10 ABBVIE INC. 26,030 $2,453,848.10 ABIOMED INC. 4,410 $1,467,118.80 ACCENTURE PLC 8,770 $1,442,840.40 ACTIVISION BLIZZARD INC 26,550 $1,324,314.00 ADOBE INC 13,774 $3,455,758.86 ADVANCE AUTO PARTS 7,051 $1,253,033.21 ADVANCED MICRO DEVICES 9,940 $211,722.00 AES CORP. 75,140 $1,163,918.60 AFFILIATED MANAGERS GROUP 614 $68,227.68 AFLAC INC 20,620 $943,158.80 AGILENT TECHNOLOGIES, INC 14,970 $1,083,079.50 AIR PRODUCTS & CHEMICALS 2,890 $464,914.30 AKAMAI TECHNOLOGIES, INC. 2,430 $167,062.50 ALASKA AIR GROUP, INC. 7,380 $540,658.80 ALBEMARLE CORP. 1,500 $144,480.00 ALEXANDRIA REAL ESTATE 1,310 $163,095.00 ALEXION PHARMACEUTICALS 3,211 $395,434.65 ALIGN TECHNOLOGY, INC. 6,080 $1,397,731.20 ALLEGION PLC 963 $88,201.17 ALLERGAN PLC 5,030 $787,698.00 ALLIANCE DATA SYSTEMS 1,017 $203,766.12 ALLIANT ENERGY CORP. 2,090 $94,865.10 ALLSTATE CORP. 4,620 $412,057.80 ALPHABET INC - CLASS A 3,677 $4,080,183.05 ALPHABET INC - CLASS C 3,800 $4,158,834.00 AMEREN CORP. 3,060 $209,977.20 AMERICAN AIRLINES GRP 5,690 $228,510.40 AMERICAN ELEC POWER, INC. 5,370 $417,463.80 AMERICAN EXPRESS CO.
    [Show full text]
  • Elenco Compagnie Assicurative
    S&B EsseBi Insurance Broker S.r.l. 051521283 Sede Legale e Direzione: Via del Rondone 26/A | 40122 Bologna 051521928 Capitale sociale € 90.000,00 i.v. Partita Iva 04266280371 [email protected] C.F. e R.I./BO 08539670581 PEC [email protected] R.U.I. B00016136 www.essebibroker.it Elenco compagnie ex Art. 118 DLgs. 209/2005 Adempimento delle obbligazioni pecuniarie attraverso intermediari assicurativi. 1. Il pagamento del premio eseguito in buona fede all’intermediario o ai suoi collaboratori si considera effettuato direttamente all’impresa di assicurazione. Salvo prova contraria a carico dell’impresa o dell’intermediario, le somme dovute agli assicurati ed agli altri aventi diritto a prestazioni assicurative si considerano effettivamente percepite dall’avente diritto solo col rilascio di quietanza scritta. 2. La disposizione di cui al comma 1 si applica nei confronti dell’intermediario iscritto nella sezione del registro di cui all’Art. 109, comma 2, lettera b), esclusivamente se tali attività sono espressamente previste dall’accordo sottoscritto con l’impresa. A tal fine l’intermediario è tenuto a darne specifica comunicazione al cliente nell’ambito dell’informazione precontrattuale di cui all’articolo 120. COMPAGNIA ASSICURATIVA INDIRIZZO MAIL ABY BROKER S.R.L. AUTOMOTIVE INSURANCE BROKER S.R.L. VIA VALENZA, 5MILANO20144MI [email protected] AIG EUROPE LIMITED RAPPRESENTANZA GENERALE PER L'ITALIA VIA DELLA CHIUSA, 2MILANO20123MI [email protected] AIG EUROPE LIMITED BMI MARINE MGA SRL CORSO A. PODESTA', 8/1 SC.DXGENOVA16128GE [email protected] ALLIANZ S.P.A. GERENZA PADOVA EX BO VIA S.SOFIA, 37MILANO20122MI [email protected] ALLIANZ S.P.A.
    [Show full text]
  • Unipolsai Successfully Completed the Placement of Its First Restricted Tier 1 Instrument Under Solvency Ii
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO OR TO ANY PERSON LOCATED AND RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. UNIPOLSAI SUCCESSFULLY COMPLETED THE PLACEMENT OF ITS FIRST RESTRICTED TIER 1 INSTRUMENT UNDER SOLVENCY II Bologna, 20 October 2020 Following what has been announced to the market on 19 October 2020, UnipolSai Assicurazioni S.p.A. (“UnipolSai”) announces that it has completed today the placement among domestic and international institutional investors of a Euro-denominated regulatory capital instrument “Restricted Tier 1”, non-convertible and governed by Italian law, for a nominal amount equal to Euro 500 million (the “RT1 Instrument”) with issue and settlement date on 27 October 2020. The RT1 Instrument is perpetual and can be early redeemed, subject to applicable laws, starting from 27 October 2030. Should the RT1 Instrument not be redeemed on first call date, it will be redeemable on each interest payment date, on a semi-annual basis. The RT1 Instrument will be issued at par and will pay an annual fixed rate coupon equal to 6.375%. The first reset date will fall after 10 years, on 27 October 2030. Afterwards, the coupon will be fixed every 5 years and will be equal to 5-year mid-swap rate, fixed on each reset date, plus a margin equal to 6.744%.
    [Show full text]
  • Chubb Construction Risk Engineering
    Chubb Construction Risk Engineering Fall Prevention Chubb Construction Risk Engineering Fall Prevention Overview Duty for Fall Protection 3 Best Practices for Fall Management 3 Job Safety Task Analysis 3 Fall Hazards 3 Fall Protection 4 Basic Requirements 4 The ABCDs of Fall Arrest 8 Step Fall Protection Plan 5 Anchorage Systems 5 Basics 5 Fall Restraint and Work Positioning Systems 6 Certified vs. Uncertified Anchorages 6 Anchorage Connectors 7 Important Considerations 7 Horizontal Lifeline Anchors 7 Rescue 8 Training 9 Fall Protection and Multi-Employer Sites 9 2 Chubb Construction Risk Engineering Overview to further control the potential for falls This analysis can also be a valuable on their job sites. tool for training new employees in • Discipline: Progressive discipline the steps required to perform their Introduction program in place (first violation jobs safely. Every job can be broken In the construction industry, falls are suspension from work for one week, down into job tasks or steps. Watch the the leading cause of worker fatalities. In second violation suspension for one employee perform the job and list each 2012, the Bureau of Labor Statistics (BLS) month, third violation employee fired) step as the worker takes it. Be sure to reported that 806 workers died in the • Job Safety Task Analysis ( JSTA): JSTA record enough information to describe construction industry with 290 (40%) as is reviewed with crew performing work each job action without getting overly a result of falls, slips and trips.1 Compared prior to start of operation. Documented detailed. Avoid making the breakdown to 2011, the construction industry had and signed.
    [Show full text]
  • 2019-2021 Strategic Plan
    1 2 About us 2019-2021 Strategic Plan 3 4 1Q21 Appendix Consolidated Results 1 About us 4 About us a premium income 7.9 € billion almost 2,3004 agencies market share 20.5% b among the leaders in the world market share over 60% in Italy a Including premiums collected in Serbia by the subsidiary DDOR b Source: processing of ANIA figures, Premi del lavoro diretto italiano 2020 – Edizione 2021 c 1st in Reputation in the financial sector in Italy. Source: 2020 Italy RepTrak® classification by The RepTrak Company 5 About us a b Leader in Non-Life • 1st Non-Life insurance group in Italy with 7.9 €bn premiums and a market share of 20.5% Leader in Motor TPL with 3.2 €bn premiums and a market share of 24%b Leader in Health business with 720 €m premiums and a market share of 23%b Leader in Telematics • 1st insurer in Europe as to MV black-boxes distribution, with a market share of over 60% in Italy Leader in Pension Funds • Leader in the Insurance Occupational Pension Funds Italian market, with 4 €bn AUM • Among the key players in the Italian Life business with direct income of 4.3 €bn and a market share of 3.8%b Claims Settlement Innovator • Innovative approach to P&C claims settlement: telematics, reimbursement in kind, captive companies for spare parts/glasses Largest Agency Network • Almost 2,300 agencies in Italy (ca. 20,000 agents/sub-agents) and ca. 100 branches in Serbia • Multichannel strategy, including over 5,000 banking branches (Bancassurance agreements with BPER, BPS, Unicredit and others) and Direct channel (Internet/telephone) • Over 16 million customers Experienced Consolidator • Successful track record in M&A and consolidation (2012 Fondiaria-Sai, 2003 Winterthur Italia, 2000 Aurora) Reliable Partner • Track record in reaching financial targets over the last 3 strategic plans a Including premiums collected in Serbia by the subsidiary DDOR b 2020 figures.
    [Show full text]
  • Of Programmes for the Purchase of Unipol Gruppo S.P.A
    Bologna 30 June 2014 CLOSING OF THE SALE AGREEMENT OF FORMER MILANO ASSICURAZIONI INSURANCE BUSINESS TO ALLIANZ On the date hereof, pursuant to the sale and purchase agreement disclosed to the market on March 15, 2014, UnipolSai Assicurazioni S.p.A. completed the transfer to Allianz S.p.A. of an insurance business belonging to the former Milano Assicurazioni. In this respect, the parties gave immediate effect to the transfer of the distribution activity of insurance products pertaining to such branch of business, which includes, inter alia, a network of 725 agencies and 470 employees dedicated to the management of such activities, against payment of Euro 200 million by Allianz. Such branch of business also includes the Non-Life insurance portfolio managed by the transferred agencies, with premiums approximately equal to Euro 1.1 billion (data updated as of 31 December 2013), the transfer of which shall become effective on 31 December 2014, subject to IVASS approval and against payment by Allianz of an additional price. The price shall be determined on the basis of amount of the portfolio transferred or renewed for a further amount up to a maximum of Euro 240 million, resulting in an aggregate purchase price of a maximum of Euro 440 million. *** Contacts Unipol Group Press Office Barabino & Partners Unipol Group Investor Relations Andrea Gaudenzi Massimiliano Parboni Adriano Donati Fernando Vacarini [email protected] Tel. +39/051/5077933 Tel. +39/051/5077705 Tel. +39/335/8304078 Tel. +39/011/6657642 [email protected] Giovanni Vantaggi [email protected] [email protected] Tel.
    [Show full text]
  • Summarized-Year-End-2020-LH.Pdf
    Summarized Year-End 2020 Canadian Life/Health/Fraternal Insurance Results Dollar amounts in thousands of Canadian Dollars. Released March 22, 2021 msaresearch.com For extremely detailed year-end 2020 financial data on these companies please refer to the MSA Researcher Life/Health Software Platform by logging in at www.msaresearch.com YoY% YoY% Benefits and YoY% YoY% Comprehensive YoY% LICAT or LIMAT MSA Code Company Group Net Premiums Change Total Revenue Change Expenses Change Net Income Change Income Change Ratio FLC001 ACTRA Fraternal Benefit Society 17,914 4% 27,637 -7% 25,980 -2% 1,657 -49% 2,220 19% 187.69 LHB002 Aetna Life Insurance Company 20,975 20% 23,114 16% 20,817 26% 1,747 -39% 4,956 10% 644.00 LHB039 Allianz Life Insurance Company of North America 113 -12% 595 -16% 1,869 1068% -923 -314% -281 -137% 576.83 LHC002 Allstate Life Insurance Company of Canada Allstate 0 41 -2% 54 4% -13 -30% 22 16% LHB004 American Bankers Life Assurance Company of Florida 105,951 -1% 118,903 3% 93,443 -6% 19,379 53% 19,379 53% 644.00 LHB006 American Health and Life Insurance Company 12,520 -34% 13,627 -32% 8,857 -34% 3,621 -37% 4,977 -21% 576.83 LHB005 American Income Life Insurance Company 151,463 6% 171,775 7% 152,343 29% 19,389 -55% 51,603 -34% 164.53 LHC055 Assurant Life of Canada 256,525 -8% 475,501 -1% 449,348 -3% 19,175 48% 19,175 48% 151.39 LHB094 AWP Health & Life SA 10,808 7906% 11,053 3876% 12,104 2061% -1,122 -432% -886 -347% 265.27 LHB015 AXA Equitable Life Insurance Company 5,016 -13% 7,004 -9% -10,840 -377% 17,844 367% 20,654 302%
    [Show full text]