A.M. Best Upgrades Issuer Credit Ratings of Delphi Financial Group, Inc. and Its Subsidiaries
A.M. Best Co. has upgraded the issuer credit ratings to “a+” from “a ”and affirmed the financial strength rating of A of Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company , the life/health subsidiaries of Delphi Financial Group, Inc.
HCL Group to foray into insurance sector
Indian billionaire Shiv Nadar's foray into the insurance sector is likely to fructify soon. DLF Pramerica Life, seeking an Indian partner for its operation, is in talks with Nadar's HCL Group to sell a majority stake. According to those in the know, both parties are back on the table to iron out the nitty-gritty, after the deal got stuck a year back due to stringent guidelines.
Life insurance: Battling against the odds
The life insurance sector has witnessed robust growth in the past decade with private players entering the fray. But rapid changes in the regulations and highly volatile equity markets were duly mirrored in the new business premium for the industry in the last one year.
Fitch Upgrades Delphi Ratings Following Acquisition
Fitch Ratings has upgraded the ratings of Delphi Financial Group, Inc. and its insurance subsidiaries following completion of the acquisition of DFG by Tokio Marine Holdings, Inc.
Delphi Merges with Tokio Marine
Delphi merges with Tokio Marine; shareholders gets a handsome payout.