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As a result, Wolverine’s risk-adjusted capitalization has deteriorated significantly with corresponding increases in the company’s underwriting leverage metrics, AM Best said.
Source: https://www.insurancejournal.com/news/midwest/2023/09/29/742316.htm
SPNT has $2.9 billion in total capital, and its operating subsidiaries have a financial strength rating of A- from AM Best, S&P, and Fitch.
The ratings agency said, “The ratings reflect Athora’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as the group’s adequate operating performance, neutral business profile and appropriate enterprise risk management.
Source: https://bernews.com/2023/05/best-affirms-credit-ratings-athora-holdings/
The ratings agency said, “The ratings reflect SiriusPoint’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Source: https://bernews.com/2023/04/best-affirms-credit-ratings-siriuspoint/
The TCIP does not cover commercial property, and earthquake insurance is not compulsory for businesses, AM Best explained.
Source: https://www.insurancejournal.com/news/international/2023/02/08/706657.htm