This year, the target for Maine lawmakers in Augusta was habitual offenders. Next year, it’ll be repeat drunken drivers. State Sen. Bill Diamond was a sponsor of Tina’s Law, which was signed into law earlier this year and bolsters penalties …
Standard & Poor’s Ratings Services has assigned its “A” counterparty credit and insurer financial strength ratings to Mitsui Sumitomo Insurance Co. (Hong Kong) Ltd. (MSIHK) with a stable outlook. “The ratings reflect MSIHK’s strategic importance to its parent. They also …
A.M. Best Co. has affirmed the financial strength rating of “B+” (Very Good) and the issuer credit rating of “bbb-” of New Zealand-based China Insurance (NZ) Company Limited with a stable outlook. “The ratings reflect the company’s moderate capitalization, conservative …
A.M. Best Co. has downgraded the financial strength rating to “B” (Fair) from “B++” (Very Good) and the issuer credit rating (ICR) to “bb+” from “bbb” of Irish insurer Primary Insurance Company Limited (PICL). Best also changed the Company’s “under …
A.M. Best Co. has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) and the issuer credit rating to “a-” from “a” of General Insurance Corporation of India (GIC), and changed its outlook from stable to negative. “The …
A.M. Best Co. has downgraded the financial strength rating to “A”- (Excellent) from “A” (Excellent) and the issuer credit rating to “a-” from “a” of The New India Assurance Company Limited, and revised its rating outlook from stable to negative. …
The Bermuda-based Catlin Group announced that its offer for Wellington plc (See IJ web site Oct. 30) “is being declared unconditional as to acceptances and that all required regulatory approvals have been received. All conditions to the Offer have now …
ACE Bermuda Insurance Ltd. has agreed to sell 1,150,000 shares of Assured Guaranty Ltd. The proceeds of the sale will go to ACE. “Following the closing of this offering and the related $150 million share repurchase that Assured Guaranty previously …
Willis Group Holdings recently released Energy Market Review has concluded that, following “one of the most benign years on record in terms of energy losses, the end of 2006 shows signs of changing priorities within both the energy insurance buyer …
Standard & Poor’s Ratings Services said that its “ratings and outlook on entities of the Spanish Sistema Mapfre insurance group are unaffected by its acquisition of 50 percent of the agency-based motor operations of Società Cattolica di Assicurazione [rated ‘A’/credit …
