Noodle Specialty Brokers (NSB), a division of InsuranceNoodle, Inc., announced: “Surplus lines liability products from an A+ XV-rated non-admitted carrier are now available via appointed wholesalers in 17 states and the District of Columbia, or through InsuranceNoodle for its network …
Following recent developments at Marsh & McLennan, Standard & Poor’s Ratings Services has issued a bulletin, which sets forth its initial reaction to the changes (See related articles). S&P said its “BBB+/A-2” counterparty credit and senior debt ratings on Marsh …
A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of Aspen Insurance UK Limited (Aspen Re) and assigned an issuer credit rating (ICR) of “a” to the company. At the same time, Best said it …
A.M. Best Co. announced that it has affirmed its ratings on two Indian insurers – General Insurance Corporation of India (GIC), the country’s huge state-owned general insurer, and New India Assurance Company Limited. Best affirmed GIC’s “A” (Excellent) financial strength …
A.M. Best Co. announced that it has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating of “bbb-” to Poland’s Polskie Towarzystwo Reasekuracyjne S.A. (Polish Re) with a stable outlook. “The rating reflects the company’s …
A.M. Best Co. announced that it has affirmed the “B++” (Very Good) financial strength rating of Cyprus-based Alliance International Reinsurance Company (Alliance Re), and has removed the rating from under review with developing implications. The outlook remains stable. “The rating …
Legislation that would offer doctors immediate relief from increases in malpractice insurance premiums and hold the line on future rate hikes was presented to the Maryland General Assembly leaders this week by Gov. Robert Ehrlich. Ehrlich would not disclose details …
Jill E. Paterson has been promoted to executive vice president and chief financial officer for Fireman’s Fund Insurance Company, reporting to CEO Charles Kavitsky. Paterson has also been nominated to serve as a member of the Fireman’s Fund Insurance Company …
The Chartered Property and Casualty Underwriters Society (CPCU Society) Board of Governors voted unanimously to publicly denounce all practices or systems that violate its code of ethics. In a policy statement issued Tuesday in Los Angeles, the Society’s Board of …
Standing in a Pasadena resident’s home on the one-year anniversary of the 2003 Southern California Firestorms, Commissioner John Garamendi on Tuesday warned all California homeowners to conduct a home inventory as soon as possible to make sure that their homes …
