Latest news with #ONIX
Yahoo
02-07-2025
- Business
- Yahoo
AM Best Affirms Credit Ratings of ONIX Asigurari S.A.
AMSTERDAM, July 02, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+" (Fair) of ONIX Asigurari S.A. (ONIX) (Romania). The outlook of these Credit Ratings (ratings) is stable. These ratings reflect ONIX's balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and marginal enterprise risk management. ONIX's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), was assessed at the strongest level at year-end 2024, underpinned by good internal capital generation. However, ONIX's small capital base and its lack of reinsurance protection increase the potential for volatility in risk-adjusted capitalisation, particularly considering its exposure to large surety risks. The company's limited financial flexibility is also considered an offsetting factor in its balance sheet strength assessment. Conversely, AM Best views positively ONIX's conservative investment portfolio, which is entirely made up of cash or term deposits. ONIX's operating performance is assessed at the strong level, reflecting its track record of good technical results since inception. For the five-year period ending in 2024, the company reported a weighted average combined ratio of 55.7%, as calculated by AM Best. Investment profits have improved in recent years, benefiting from the healthy interest rates environment. ONIX is a niche mono-line insurer that focuses on surety business in Italy and Spain. The company leverages its specialist expertise to compete against larger players. Solvency II requirements are embedded within ONIX's risk framework and its Solvency II regulatory capital adequacy ratio is monitored against risk appetite levels approved by its board. The company's risk management framework is evolving, and its risk management capabilities are considered by AM Best to be below the company's risk profile in some areas. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Andrea Porta Financial Analyst +31 20 808 1700 Jose Berenguer Associate Director, Analytics +31 20 808 2276 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-07-2025
- Business
- Business Wire
AM Best Affirms Credit Ratings of ONIX Asigurari S.A.
AMSTERDAM--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of 'bb+' (Fair) of ONIX Asigurari S.A. (ONIX) (Romania). The outlook of these Credit Ratings (ratings) is stable. These ratings reflect ONIX's balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and marginal enterprise risk management. ONIX's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), was assessed at the strongest level at year-end 2024, underpinned by good internal capital generation. However, ONIX's small capital base and its lack of reinsurance protection increase the potential for volatility in risk-adjusted capitalisation, particularly considering its exposure to large surety risks. The company's limited financial flexibility is also considered an offsetting factor in its balance sheet strength assessment. Conversely, AM Best views positively ONIX's conservative investment portfolio, which is entirely made up of cash or term deposits. ONIX's operating performance is assessed at the strong level, reflecting its track record of good technical results since inception. For the five-year period ending in 2024, the company reported a weighted average combined ratio of 55.7%, as calculated by AM Best. Investment profits have improved in recent years, benefiting from the healthy interest rates environment. ONIX is a niche mono-line insurer that focuses on surety business in Italy and Spain. The company leverages its specialist expertise to compete against larger players. Solvency II requirements are embedded within ONIX's risk framework and its Solvency II regulatory capital adequacy ratio is monitored against risk appetite levels approved by its board. The company's risk management framework is evolving, and its risk management capabilities are considered by AM Best to be below the company's risk profile in some areas. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
Yahoo
12-05-2025
- Sport
- Yahoo
Must-have pickleball equipment: Try your hand at the fastest-growing sport in US
Fox News and its syndication partners may earn a commission if you buy through our referral links. This content was created by a team that works independently from the Fox newsroom. Pickleball has rapidly emerged as one of the fastest-growing sports in the country. A dynamic blend of tennis, badminton and table tennis, pickleball has an appeal that spans generations. It offers a fun and accessible way for people of all ages to engage in physical activity and social interaction. The sport's inclusive nature and straightforward rules have contributed to its widespread adoption, with millions adopting the latest craze as their newest hobby. Now that the spring thaw is past and the ski equipment is packed away, it's time to try your hand at the trendy sport. For those new to pickleball, having the right equipment is essential. Players use solid paddles, typically made of wood or composite materials, to hit a perforated plastic ball over a net. Pickleball can be enjoyed in singles or doubles formats, with points scored when the ball isn't returned. Here are 10 beginner-friendly pickleball items to get you on the court. This ONIX Recruit set is designed for entry-level players. The set includes two durable paddles constructed from six-ply basswood and two pickleballs, providing everything needed to start playing immediately. The paddles offer a balanced combination of power and control, making them ideal for learning the fundamentals of the game. Be sure to pick up ONIX's portable practice net! Original price: $150 Tailored for newcomers, Recess Pickleball lends a stylish spin to the sport with an array of custom-designed paddles and fun prints like stripes or dogs. This cowboy set features a "let's play" print on two premium paddles, complete with two balls. The paddles are designed to offer a remarkable feel, helping beginners perfect their shots while enjoying the game. If you don't want to spend as much, you can get a similar set on Amazon for less than $30. Read On The Fox News App If you're an Amazon Prime member, you can get these items to your door ASAP. You can join or start a 30-day free trial to start your shopping today. Orginal price: $59.99 This comprehensive starter set from Franklin Sports includes two paddles, an outdoor pickleball and a net. The paddles are crafted with a sturdy, lightweight design suitable for players just starting and looking to develop their skills. The net easily sets up and breaks down in minutes. Be sure to also pick up this outdoor marker set so you can lay out the boundaries of the game in minutes using any existing court. If you're really serious about the game, pick up this Erne pickleball trainer from Scheel's. Spring Break Skiing Gear You Need For Your End-of-season Ski Trips The Selkirk NEO bundle offers two composite paddles and four pickleballs, ideal for beginners seeking quality equipment. The paddles feature a comfortable grip and a lightweight design, promoting ease of play and maneuverability on the court. Don't forget a bag to tote along your equipment and gear for every trip to the courts. Original price: $59.95 The HEAD Radical Elite paddle is designed for beginners and intermediate-level players seeking a reliable and responsive paddle. For less than $50, the paddle features a fiberglass surface and provides a good balance of power and control, helping players develop a versatile playing style. If you invest in a good paddle, pick up a case to stay protected while not in use. Original price: $85 Proper footwear is crucial for safety and performance and these ASICS Gel-Renma shoes provide excellent grip and support. They are designed to meet the dynamic movements of pickleball, reducing the risk of injury. Check out this style for men too! Start A New Hobby With These 8 Wine, Beer And Mead-making Kits Original price: $21.95 These pickleball rules card tags are a convenient and practical accessory for novice and experienced players. These durable, laminated cards quickly reference the latest official pickleball rules, ensuring clarity during matches and eliminating disputes. They are compact and easy to attach to a bag or paddle case. They're perfect for on-the-go players who want to stay informed about scoring, serving and gameplay guidelines. With clear, concise explanations and color-coded sections, these rule cards are essential for anyone looking to improve their understanding of the game and maintain fair play on the court. If you'd rather have the rules in a book form, pick up the 2025 official pickleball rule book. This Gamma Sports portable net system is easy to assemble for players interested in setting up a court and meets official pickleball specifications. It's perfect for creating a temporary play area in driveways, gyms, or community centers to get everyone involved in the sport! If you plan a makeshift tournament, pick up Pinch Provisions pickleball kit with nine essentials to keep you 'dinking' all day. Original price: $85 Comfortable, breathable, wicking clothing enhances the pickleball playing experience. Nike's Dri-FIT line offers moisture-wicking options optimal for athletic performance, keeping players cool and comfortable during matches. This Victory dress is perfect for pickleball and is made from a super-smooth, stretchy fabric that makes it easy to focus on your swing. You could also opt for this Adidas version, which comes complete with shorts for anti-chafing! For more deals, visit This Pickleball Tutor Spin ball machine is a game-changing training tool for players looking to enhance their skills and take their game to the next level. This portable machine can deliver pickleballs at various speeds, spins and trajectories, simulating real-game scenarios for effective practice. Whether you're practicing serves, volleys or groundstrokes, this device helps build consistency and confidence. It is an invaluable addition to any pickleball player's toolkit. If you're looking for a more budget-friendly option, try this Enhance pickleball Dink Master practice article source: Must-have pickleball equipment: Try your hand at the fastest-growing sport in US
Fox News
12-05-2025
- Sport
- Fox News
Must-have pickleball equipment: Try your hand at the fastest-growing sport in US
Pickleball has rapidly emerged as one of the fastest-growing sports in the country. A dynamic blend of tennis, badminton and table tennis, pickleball has an appeal that spans generations. It offers a fun and accessible way for people of all ages to engage in physical activity and social interaction. The sport's inclusive nature and straightforward rules have contributed to its widespread adoption, with millions adopting the latest craze as their newest hobby. Now that the spring thaw is past and the ski equipment is packed away, it's time to try your hand at the trendy sport. For those new to pickleball, having the right equipment is essential. Players use solid paddles, typically made of wood or composite materials, to hit a perforated plastic ball over a net. Pickleball can be enjoyed in singles or doubles formats, with points scored when the ball isn't returned. Here are 10 beginner-friendly pickleball items to get you on the court. This ONIX Recruit set is designed for entry-level players. The set includes two durable paddles constructed from six-ply basswood and two pickleballs, providing everything needed to start playing immediately. The paddles offer a balanced combination of power and control, making them ideal for learning the fundamentals of the game. Be sure to pick up ONIX's portable practice net! Original price: $150 Tailored for newcomers, Recess Pickleball lends a stylish spin to the sport with an array of custom-designed paddles and fun prints like stripes or dogs. This cowboy set features a "let's play" print on two premium paddles, complete with two balls. The paddles are designed to offer a remarkable feel, helping beginners perfect their shots while enjoying the game. If you don't want to spend as much, you can get a similar set on Amazon for less than $30. If you're an Amazon Prime member, you can get these items to your door ASAP. You can join or start a 30-day free trial to start your shopping today. Orginal price: $59.99 This comprehensive starter set from Franklin Sports includes two paddles, an outdoor pickleball and a net. The paddles are crafted with a sturdy, lightweight design suitable for players just starting and looking to develop their skills. The net easily sets up and breaks down in minutes. Be sure to also pick up this outdoor marker set so you can lay out the boundaries of the game in minutes using any existing court. If you're really serious about the game, pick up this Erne pickleball trainer from Scheel's. The Selkirk NEO bundle offers two composite paddles and four pickleballs, ideal for beginners seeking quality equipment. The paddles feature a comfortable grip and a lightweight design, promoting ease of play and maneuverability on the court. Don't forget a bag to tote along your equipment and gear for every trip to the courts. Original price: $59.95 The HEAD Radical Elite paddle is designed for beginners and intermediate-level players seeking a reliable and responsive paddle. For less than $50, the paddle features a fiberglass surface and provides a good balance of power and control, helping players develop a versatile playing style. If you invest in a good paddle, pick up a case to stay protected while not in use. Original price: $85 Proper footwear is crucial for safety and performance and these ASICS Gel-Renma shoes provide excellent grip and support. They are designed to meet the dynamic movements of pickleball, reducing the risk of injury. Check out this style for men too! Original price: $21.95 These pickleball rules card tags are a convenient and practical accessory for novice and experienced players. These durable, laminated cards quickly reference the latest official pickleball rules, ensuring clarity during matches and eliminating disputes. They are compact and easy to attach to a bag or paddle case. They're perfect for on-the-go players who want to stay informed about scoring, serving and gameplay guidelines. With clear, concise explanations and color-coded sections, these rule cards are essential for anyone looking to improve their understanding of the game and maintain fair play on the court. If you'd rather have the rules in a book form, pick up the 2025 official pickleball rule book. This Gamma Sports portable net system is easy to assemble for players interested in setting up a court and meets official pickleball specifications. It's perfect for creating a temporary play area in driveways, gyms, or community centers to get everyone involved in the sport! If you plan a makeshift tournament, pick up Pinch Provisions pickleball kit with nine essentials to keep you 'dinking' all day. Original price: $85 Comfortable, breathable, wicking clothing enhances the pickleball playing experience. Nike's Dri-FIT line offers moisture-wicking options optimal for athletic performance, keeping players cool and comfortable during matches. This Victory dress is perfect for pickleball and is made from a super-smooth, stretchy fabric that makes it easy to focus on your swing. You could also opt for this Adidas version, which comes complete with shorts for anti-chafing! For more deals, visit This Pickleball Tutor Spin ball machine is a game-changing training tool for players looking to enhance their skills and take their game to the next level. This portable machine can deliver pickleballs at various speeds, spins and trajectories, simulating real-game scenarios for effective practice. Whether you're practicing serves, volleys or groundstrokes, this device helps build consistency and confidence. It is an invaluable addition to any pickleball player's toolkit. If you're looking for a more budget-friendly option, try this Enhance pickleball Dink Master practice rebounder.
