Standard & Poor’s Ratings Services announced that it has assigned its “BBB+” long-term counterparty credit rating to Germany’s VHV Holding with a stable outlook. S&P said: “The rating reflects VHV Holding’s role as the intermediate holding company for the VHV …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to Hong Kong-based Sun Hung Kai Properties Insurance Limited (SHKPI), with a stable outlook. “The ratings reflect …
Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, specialty reinsurance, and risk assessment and consulting services through its subsidiaries, announced that the underwriters of its recent 10.25 percent series ‘A’ preferred share offering have exercised their over-allotment option and …
Senate Democratic leaders in Hartford have proposed several changes in state law they say will make Connecticut more business friendly. The proposals include merging the insurance and banking departments to “better serve to better serve the mutual needs these vital …
California-based Countrywide Insurance Group reported that chief operations officer Doreen DeLaney was named a Corporate Trailblazer by Minorities in Business Magazine. She was honored at the publication’s 10th Annual Multicultural Prism Awards (MPA) Gala. The Corporate Trailblazer award is given …
Washington Insurance Commissioner Mike Kreidler was to testify on commissioner request legislation this week designed to prevent what happened to Ethel Adams last March from happening to any other Washington insurance consumer. Adams was unable to attend the hearing due …
St. Paul Travelers, a provider of property casualty insurance, and the Independent Community Bankers of America (ICBA) are now offering ICBA member banks access to coverage, where approved, to assist identity theft victims in mitigating the costs associated with reclaiming …
Allstate Corp. announced this week that customers living in areas hard-hit by hurricanes and other natural disasters, including North Carolina, are likely to see their premiums rise this year as a result of the insurer’s costly new reinsurance obligations. The …
Bermuda-based RenaissanceRe Holdings Ltd. reported that Todd Fonner, the company’s treasurer, and Stephen Weinstein, the Company’s chief compliance officer, general counsel and secretary, have both been promoted to the position of Senior Vice President. Fonner, 39, joined RenaissanceRe in 2001 …
Mississippi building and zoning codes requiring safer structures and more storm-aware development patterns are outlined as part of a 190-page final report issued by Gov. Haley Barbour’s Commission on Recovery, Rebuilding and Renewal. The commission is about to release its …
