A.M. Best Co. indicated that its issuer credit rating (ICR) of “a-” of PartnerRe Ltd. and the financial strength rating of ‘A+’ (Superior) and ICR of “aa-” of PartnerRe Group (Hamilton, Bermuda) and its members, “are unchanged following PartnerRe’s recent …
PartnerRe Ltd. joined its Bermuda neighbor RenaissanceRe in announcing that it “expects to record a non-operating charge of $74 million to write-down its total investment in Channel Re.” PartnerRe has a 20 percent equity interest in Channel Re, a privately …
Both A.M. Best Co. and Standard & Poor’s Ratings Services have released statements that they see no immediate changes in their respective ratings on RenaissanceRe, following yesterday’s announcement that the Bermuda-based reinsurer would essentially write off its entire investment in …
In its latest energy review, Willis warns that “sharp increases in the price of oil, steel, building materials and contractor day rates have resulted in significantly increased exposures to energy insurers.” Even though loss levels in the energy insurance sector …
Traffic deaths in Tennessee fell by about 9 percent in 2007, to the lowest level in 15 years. Kendell Poole, director of the Governor’s Highway Safety Office, says preliminary figures show the state recorded 1,169 traffic deaths last year – …
Commissioner Poizner Announces $3.5 Million Settlement with LandAmerica Corporation, $2 Million Refunded to Customers Commonwealth Land Title, Lawyers Title, and Transnation Title agree to Cease and Desist from unfair rating practices Three California title insurance companies have been ordered to …
Standard & Poor’s Ratings Services said today that news reports (See IJ web site) about the suspension issued to Allstate Corp. (ALL) by the Florida Insurance Commissioner that prohibit some of the companies subsidiaries from writing new auto insurance policies, …
Medical Malpractice insurance has been stable since its last market disruption in the early 2000s and is now poised for continued profitable growth, according to a new study, “Medical Malpractice: Getting Ahead of the Curve,” by Conning Research and Consulting …
Average prices for all lines of commercial insurance decreased 4 percent to 5 percent between 2006 and 2007, according to Towers Perrin’s commercial insurance pricing study. More specifically, the survey data for the third quarter of 2007 indicated an average …
Oakland, Calif.-based VRT Insurance Services Inc. has opened a full-service Sacramento office. The expansion office will provide commercial insurance, employee benefits, enterprise risk management, directors and officers liability, surety and financial services and workers’ compensation claims management to public entity, …
