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04.06.26 - 16:42
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AM Best Affirms Credit Ratings of Sooner Insurance Company (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Sooner's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
Sooner's balance sheet strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR), generally favorable loss reserve development and low underwriting leverage. Sooner's most significant asset is a loan-back to its ultimate parent, ConocoPhillips [NYSE: COP]. The arrangement provides Sooner's capital and has relatively low risk due to the parent-subsidiary affiliation, as well as the parent's strong balance sheet and history of positive...
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29.05.26 - 07:06
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BW LPG Limited Announces New Board Member (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--The Board of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) is pleased to announce the appointment of Kevin James Mackay as a Member of the Board of Directors.
Mr. Mackay brings with him more than 35 years of extensive global leadership and management experience across the maritime and energy industries. Over the course of his career, he has held a number of senior executive positions at leading international organisations, including ConocoPhillips, Phillips 66 and AET Inc. Most recently, he served as President and Chief Executive Officer of NYSE-listed Teekay Tankers Ltd. for a decade, where he successfully led the company through a period of significant transformational growth.
Commenting on the appointment, BW LPG Board Chairman, Mr. Andreas Sohmen-Pao, says: “We are delighted to welcome Mr. Mackay to the BW LPG Board. His deep industry knowledge and strong track record in strategic planning, commercial lea...
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