18 Oct

KBRA Assigns Preliminary Ratings to Chesapeake Funding II LLC, Series 2017-4 Notes

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes (“the Notes”) anticipated to be issued by Chesapeake Funding II LLC (see preliminary ratings listed below). This transaction represents the eighth issuance for Element Fleet Management Corporation (“Element” or the “Company”) from the Chesapeake Funding II LLC master trust. The Series 2017-4 Notes issued by Chesapeake II will be primarily supported by i) leases and related vehicles or
Read more »
18 Oct

KBRA Comments on Conifer Holdings, Inc.’s Recent Stabilization Actions and Estimated Impact of Hurricanes Harvey and Irma

NEW YORK--(BUSINESS WIRE)--In light of the adverse loss development in non-core lines of business continuing through Q3 and the recent storm activity – Hurricane Harvey in Texas and Hurricane Irma in Florida – Conifer Holdings, Inc. (Conifer) (NASDAQ: CNFR) recently announced it had entered into several agreements to maintain capital and support future growth. Kroll Bond Rating Agency (KBRA) comments that the BBB+ insurance financial strength ratings of Conifer’s subsidiaries – Conifer Insuranc
Read more »
18 Oct

A.M. Best Places Credit Ratings of The Warranty Group, Inc.’s Insurance Subsidiaries Under Review with Various Implications

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Virginia Surety Company, Inc. (Chicago, IL) (VSCI). At the same time, A.M. Best has placed under review with developing implications the FSR of A- (Excellent) and the Long-Term ICR of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL) (
Read more »