Along with affirming the parent company’s ratings (See previous article), A.M. Best Co. announced that it has affirmed the financial strength rating of “A+†(Superior) and the issuer credit rating of “aa-” of French insurer PartnerRe S.A. Best noted that …
The Bermuda-based PXRE Group Ltd. also fell victim to the third quarter disaster, posting a net loss of $317.3 million, compared to a net loss of $73.2 million in the third quarter of 2004, which wasn’t particularly favorable to the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of the General Insurance Corporation of India (GIC) with a stable outlook. “The ratings of GIC reflect its …
The Bermuda-based Arch Capital Group Ltd. has duly taken its turn at the hurricane whipping post, reporting a third quarter net loss of $86.3 million, or $1.15 per share â??on a pro forma basisâ?? (explained in a note). On a …
Bermuda-based Platinum Underwriters Holdings, Ltd. announced the appointment of Michael D. Price as President and CEO, succeeding Gregory E. A. Morrison, who has been named Vice Chairman of the Board of Directors. Price, who was also named to the Company’s …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Egypt’s Al Mohandes Insurance Company with a stable outlook. “The ratings reflect Mohandes’ very good risk-adjusted …
Southwest and South Florida are recovering, very slowly, from the after-effects of Hurricane Wilma, which crossed over Naples on Monday and then speedily traveled due east to Miami and South Florida. Margaret M. Weems, president of Weems Insurance of Naples …
The Independent Insurance Agents of San Antonio announced that Amy Lee, with the Workers’ Compensation Division of the Texas Department of Insurance, will provide an update of developments in Texas’ workers compensation system at the IIASA’s November meeting. The luncheon …
American National Insurance Company, headquartered in Galveston, Texas, announced its Board of Directors has declared a quarterly dividend of 75 cents per share on its common stock, CUSIP #028591-105, payable Dec. 16, 2005, to shareholders of record as of the …
The Independent Insurance Agents of Texas reported that its first-ever Small Agency Conference was a success, with principals and key personnel from leading small independent insurance agencies throughout Texas gathering in Waco in mid-October for the two-day event. The conference …
