Standard & Poor’s Ratings Services has issued a statement indicating that its ratings on the Alea Group are unaffected by the announcement that is to sell the renewal rights of its U.S. primary program business written by Alea North America …
The Tokyo office of Standard & Poor’s Ratings Services has issued a bulletin which notes that it has raised its insurer financial strength and long-term counterparty credit ratings to “BBB+” from “BBB” on Korean Reinsurance Co. (Korean Re), LG Insurance …
The U.K.’s Beazley Group plc, a leading Lloyd’s insurer and U.S. specialty lines carrier, has announced the conclusion of a £150 million ($258 million) letter of credit and revolving credit facility. “The facility will provide further underwriting capital to fund …
Standard & Poor’s Ratings Services announced that it has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (Bermuda) Ltd. (SB or the club), and, “through guarantees and reinsurance arrangements, the …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association (London) Ltd. (SL or the club) with a stable outlook. “The ratings are …
Credit Suisse Group announced that the Independent Actuary designated in the Sale and Purchase Agreement (SPA) between XL Insurance (Bermuda) Limited and Winterthur Swiss Insurance Company regarding the sale of Winterthur International in 2001 has released a Draft Report regarding …
California Insurance Commissioner John Garamendi on Wednesday announced the arrest of the suspected ringleader of a major operation that has allegedly staged more than 60 auto collisions over the past 18 months, bilking insurers and consumers out of $2 million …
Two University of Rhode Island researchers have been awarded an $86,000 grant from FM Global, one of the world’s largest commercial property insurers, to create maps of the East Coast of the U.S. that will identify potential flooding and damage …
The National Association of Professional Insurance Agents (PIA) has named David M. Eppstein Director of State Affairs. In his new position, he will be working with the National Association of Insurance Commissioners (NAIC), the National Conference of Insurance Legislators (NCOIL) …
Heath Lambert has launched a facility to protect poultry farmers against avian flu (also known as bird flu). The exclusive facility, broked by the company’s specialist London market operation, FSJ, is 100% underwritten in the Lloyd’s opf London market. It …
