8/5/2023 0 Comments Arch mi mortgage news weeklyThis week, Carl Tyree, the executive vice president and chief sales officer at Arch MI, joins the show for a bonus episode. Links are current as of publication time S&P Global Market Intelligence is not responsible if those links are unavailable later.The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins.Įach week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Arch MI. Descriptions in this news article were not prepared by S&P Global Ratings. This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. The outlook revision reflects capital growth in recent years, primarily driven by Southern Trust's underwriting income and capital gains, as well as management's initiatives to curb adverse loss reserve development. Best assesses as very strong, its adequate operating performance, limited business profile and appropriate enterprise risk management. Southern Trust's ratings reflect its balance sheet strength, which A.M. Best revised the outlooks to stable from negative and affirmed the A- financial strength rating and the "a-" long-term issuer credit rating of Southern Trust Insurance Co. The outlook revision reflects a trend of improving underwriting and operating performance in recent years, attributable to management initiatives, resulting in improved operating profits in the past two years.Ī.M. Best assesses as very strong, its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings reflect NAMIC Insurance's balance sheet strength, which A.M. Best revised the outlooks to stable from negative and affirmed the A financial strength rating and the "a" long-term issuer credit rating of NAMIC Insurance Co. The upgrade reflects the improvement in the group's balance sheet fundamentals, achieved through consistent capital growth and investment risk moderation.Ī.M. Best assesses as very strong, its strong operating performance, neutral business profile and appropriate enterprise risk management. The ratings reflect Delta Dental of California Group's balance sheet strength, which A.M. The rating agency also affirmed the A financial strength rating of Delta Dental of California and its affiliates, collectively known as Delta Dental of California Group. Best revised the outlook to stable from positive and upgraded the long-term issuer credit ratings to "a+" from "a" of Delta Dental of California and its affiliates, Delta Dental Insurance Co., Delta Dental of Pennsylvania and Delta Dental of New York Inc. The upgrades reflect a revision in the rating agency's operating performance assessment due to favorable trends in California Healthcare's performance relative to peers in the medical professional liability insurance industry.Ī.M. Best assesses as strongest, its strong operating performance, limited business profile and appropriate enterprise risk management. The outlooks were revised to stable from positive.Ĭalifornia Healthcare's ratings reflect its balance sheet strength, which A.M. Best upgraded the financial strength rating to A from A- and the long-term issuer credit to "a" from "a-" of California Healthcare Insurance Co. The ratings actions follow the improvement in the underwriting performance of Arch Capital's re/insurance segments, enhancing the diversity of the overall group's earnings, solidifying its competitive position and mitigating concerns regarding its over-reliance on mortgage insurance earnings.Ī.M. The outlooks were revised to stable from negative, reflecting the rating agency's expectation that Arch Capital will maintain its strong competitive position, supported by strong earnings from its diversified operating platforms. and the A issuer credit and financial strength ratings of Arch MI Asia Ltd. S&P Global Ratings also affirmed the A- long-term issuer credit rating of Arch Capital Group Ltd. The rating agency concurrently affirmed the A+ issuer credit and financial strength ratings of Arch Excess & Surplus Insurance Co., Arch Specialty Insurance Co., Arch Reinsurance Ltd., Arch Reinsurance Europe Underwriting DAC, Arch Reinsurance Co., Arch Insurance Co., Arch Insurance Canada Ltd., Arch Insurance (UK) Ltd. S&P Global Ratings upgraded the long-term issuer credit and financial strength ratings to A+ from A of Arch Mortgage Insurance Co., Arch Mortgage Guaranty Co., United Guaranty Residential Insurance Co. ET will be included in the following day's roundup. S&P Global Market Intelligence compiles ratings actions in the insurance space daily through 12 a.m.
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