Ratings Roundup: First Insurance, InterGlobal, Salama

The ratings also take into consideration the recent acquisition of FIC’s majority stake by the Solidarity Group Holding BSC (c) (SGH) (Bahrain). FIC’s risk-adjusted capitalization of combined policyholders’ and shareholders’ funds is supported by the company’s low level of business leverage, a reinsurance program of good credit quality and a conservative investment profile.

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Ratings Roundup: New India Assurance, South China Insurance

New India’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remained strong in fiscal year 2011-2012, which is attributable to New India’s initiative to improve its underwriting results. The company’s capital and surplus stood solid at INR 232 billion

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Ratings Roundup: Indiana Lumbermens Mutual, Noble

of Indiana Lumbermens Mutual Insurance Company and its reinsured subsidiaries, Lone Star National Insurance Company and National Building Material Assurance Company. All of the companies are domiciled in Indianapolis, Indiana. Best has also revised its outlook for all of the ratings to negative from stable.

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