Standard & Poor’s Ratings Services has affirmed its “BBB+” counterparty credit and senior debt ratings on AXIS Capital Holdings Ltd. and affirmed its “A” counterparty credit and financial strength ratings on its operating subsidiaries. S&P also announced that it has …
Swiss Re announced that it has obtained $100 million of protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus through a securitization – the first time the capital markets have been tapped to cover this type of risk …
Munich Re will lead a syndicate – the “Caribbean Catastrophe Risk Insurance Facility” (CCRIF), set up to offer 16 countries in the Caribbean insurance cover against hurricanes and earthquakes. The syndicate officially opens for business today, June 1. Munich Re …
Arthur J. Gallagher & Co. has announced the acquisition of Woods & Grooms, Inc. of Columbus, Ind. Terms of the transaction were not disclosed. Woods & Grooms is a retail insurance broker and group captive administrator, offering risk management, commercial …
Maine’s growing legion of bicyclists — and motorists who share the road with them — will have some new rules to ride by if a bill that addresses such issues as helmet use, safety margins and drunk pedaling becomes law. …
State Farm will be able to cut its car insurance rates by about 16 percent on average if lawmakers do not continue the state’s no-fault accident system, state insurance regulators ruled this week. The Office of Insurance Regulation granted State …
