A.M. Best Co. has affirmed the financial strength rating of “B+” (Very Good) and the issuer credit rating (ICR) of “bbb-” of Lebanon’s Arab Reinsurance Company S.A.L. Best also removed the ratings from under review with negative implications and assigned …
The ACE Group of Companies has announced some managerial changes in its Asia Pacific and Latin American operations. Marcos Gunn has been named Sr. VP and Head of Accident & Health for ACE Asia Pacific. He will be responsible for …
A.M. Best Co. has placed the financial strength rating of “A+” (Superior) of Spain’s Mapfre Asistencia Compania Internacional de Seguros y Reaseguros S.A. (Mapfre Asistencia) under review with negative implications. Best said the rating action reflects its “need to assess …
A.M. Best Co. has assigned a financial strength rating of “B+” (Very Good) and an issuer credit rating of “bbb-” to Ukraine’s Lemma Insurance Company with a stable outlook. “The ratings reflect Lemma’s strong risk-adjusted capitalization for 2004 and 2005, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. Concurrently, Best affirmed the ICR of “bbb-” and all existing debt ratings of Montpelier …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Flagstone Reinsurance Limited. It also assigned an ICR of “bbb-” to Flagstone’s parent, Flagstone Reinsurance Holdings Limited. The …
ACE Limited has published additional details from the annual internal and biennial external reviews of the Company’s Brandywine run-off loss reserves, including asbestos and environmental liabilities. The details are as follows: — As a result of the internal review, the …
Standard & Poor’s Ratings Services noted that its “BBB+” long-term counterparty credit and its insurer financial strength ratings on Converium AG, and “BBB+” long-term insurer financial strength ratings on guaranteed operating entities Converium Rückversicherung (Deutschland) AG and Converium Insurance (U.K.) …
The insurance company for the North Lake Fire Department says it paid $67,500 to settle a federal lawsuit over a confrontation by two firefighters with a fisherman last year. The amount was disclosed by Continental Western Insurance Co. after repeated …
A former mayor of the St. Louis suburb Rock Hill pleaded guilty Friday to charges related to taking an illegal commission from a pension fund company, but won’t spend time in jail. Robert Salamone, 48, now of Quincy, Ill., was …
