Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on American National Insurance Co. (American National) and its coresubsidiaries to “AA” from “AA+.” The outlook was revised to stable from negative. At the same time S&P …
A.M. Best Co. has affirmed the Best’s syndicate rating of “A-” of Lloyd’s syndicate 1243, which is managed by Euclidian Underwriting Limited, U.K. The outlook is stable. The rating reflects the financial strength of the Lloyd’s market, which underpins the …
A.M. Best Co. affirmed the financial strength rating of “A-” of Hiscox Insurance Company Limited (Hisco). The rating reflects the company’s excellent capitalization and prospective financial performance, excellent business profile with leadership in certain specialist lines and experienced management team. …
S&P’s Ratings Services assigned its “BBB” senior debt rating to Selective Insurance Group Inc.’s (Selective) $100 million senior unsecured convertible notes, due to mature in Sept. 2032. The rating reflects the strong balance sheet at the holding company, as demonstrated …
Fitch Ratings affirmed the senior debt ratings of Horace Mann Educators Corp. at “A-” and affirmed the “AA-” insurer financial strength (IFS) ratings on its five insurance subsidiaries. The rating outlook on the ratings has been changed to negative from …
Standard & Poor’s Ratings Services affirmed its “A+” counterparty credit and financial strength ratings on OIL Insurance Ltd. (OIL) and removed the ratings from CreditWatch negative where they were placed following a downgrade on May 9, 2002. The outlook is …
A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden, rates would rise, and eventually …
As the 2003 legislative season dawns, insurance scoring is the lead issue for the National Association of Independent Insurers (NAII), followed closely by regulatory reform. Insurance coverage for mold is also a major concern in selected areas of the country, …
As I am writing this, President Bush is pushing Congress to consider the insurance terrorism bill that has been floating around Congress for months. When asked recently to describe what measures should be taken in order to reinvigorate the economy, …
Insurance Services Office Inc.’s (ISO) Property Claim Services (PCS) unit estimated that insurers will likely pay $335 million to homeowners and businesses for insured-property losses from Hurricane Lili that struck Louisiana and Mississippi in early Oct. Lili, initially billed as …
