Some officials say South Carolina’s poor record of enforcing insurance fraud laws could make the state a magnet for scammers and result in higher premiums for residents. According to WISTV in Charleston some state legislators blame the South Carolina State …
A.M. Best Co. announced that Zurich Financial Services Group’s (ZFS) “A” (Excellent) financial strength rating and that of its core subsidiaries will remain unaffected following the sale of Turegum Insurance Company to a subsidiary of Castlewood Holdings Limited (Bermuda) (See …
Standard & Poor’s Ratings Services has republished an earlier article, issued last Friday, October 29, concerning the revision of its outlook on the American International Group from stable to negative. S&P said it had republished the article “to clarify the …
Bermuda-based Max Re Capital Ltd. reported a net loss for the three months ended September 30, 2004 of $9.0 million, or 20 cents per diluted share, compared to net income of $38.8 million, or net income of 89 cents per …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Bermuda-based ACE Ltd. and some of its subsidiaries to negative from stable. At the same time, S&P assigned preliminary debt ratings to ACE’s $1.5 billion shelf, but …
Standard & Poor’s Ratings Services announced that it will hold a telephone conference call on Monday, Nov. 1, 2004, at 1 p.m. U.S. Eastern Time. The bulletin said Donovan Fraser, John Iten, Mark Puccia, Tom Upton, and other S&P credit …
