Montpelier Re Holdings expects to release its fourth quarter results after the market close on February 17, 2009 The Company will host a conference call to discuss the results on February 18, 2009 at 8:30 a.m. Eastern Time. The conference …
Some Iowa legislators have a message for cell phone users: stop talking or texting while driving. A measure being considered in the Legislature would fine drivers $30 if they used their phones while behind the wheel. “It doesn’t make sense …
A.M. Best Co. has commented that the ratings of the Bermuda-based Catlin Group and its subsidiaries remain unchanged following the publication of the group’s full year 2008 results. Best said it “believes that Catlin’s consolidated risk-adjusted capitalization will remain strong, …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of The Fuji Fire & Marine Insurance Company, Limited. Best has also placed the …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Customer Asset Protection Co. (CAPCO) to ‘B-‘ from ‘BB’. S&P has also removed the ratings from CreditWatch, where they had been placed with negative implications …
Bermuda-based Validus Holdings reported net income for the quarter ended December 31, 2008 of $37.0 million, or $0.47 per diluted common share, compared with net income of $139.0 million, or $1.77 per diluted common share, for the quarter ended December …
USAA, a diversified financial services company, announced it will close its Sacramento, Calif., operations and part of its Norfolk, Va., operations, consolidating operations into other U.S. locations. Employees in good standing affected by the consolidation will be offered relocation to …
Buffalo, N.Y.-based Merchants National Insurance Company, a wholly-owned excess and surplus lines subsidiary of Merchants Insurance Group, began accepting new business on Feb. 1, 2009. The company reported as of that date it has been approved in 10 states. The …
Arthur J. Gallagher & Co. announced it has acquired Fidelity Benefits & Insurance Services in Waco, Texas. Founded in 2003, Fidelity Benefits & Insurance Services (FBIS) is an employee benefits consultant and insurance broker offering a broad range of employee …
The state of Texas should require certain businesses like gas stations and nursing homes to have backup power generators to avoid the massive disruptions caused by Hurricane Ike, according to recommendations released by a special House committee. The House Select …
