A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of Auto-Owners Insurance Company and its four wholly owned property/casualty subsidiaries. Together the companies make up the Auto-Owners Insurance Group …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of Eastern Insurance Holdings, Inc. (EIHI), which consists of Eastern Alliance Insurance Company, Allied Eastern Indemnity …
A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Bermuda-based Validus Re Americas, Ltd., and its affiliate, Validus Re Europe Limited (Ireland). …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Alterra Bermuda Limited and its affiliated operating companies. Best also revised …
Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London’s financial and legal circles said on Wednesday. Responding to attacks in Congress on London’s regulatory record, …
Italy’s antitrust and insurance regulators have given conditional clearance for a plan by insurer Unipol to take over its loss-making peer Fondiaria-SAI, removing most of the regulatory hurdles hanging over the deal to create Italy’s No. 2 insurer. Unipol agreed …
The Facebook initial public offering (IPO) fallout is just getting started, but its effects are already being felt in the insurance community when it comes to covering directors and officers for future social media IPOs. “D&O underwriters will view social …
The ACE Group announced that Darryl Page has been named Division President, International Personal and Business Insurance. He will lead ACE’s personal lines and small and mid-size commercial insurance operations in Asia Pacific and Japan, Latin America, and Europe, the …
Cincinnati, Ohio-based Great American Insurance Group has promoted Darrell Bickley to divisional vice president of its Trucking Division. He is based in Cincinnati. Bickley joined the Trucking Division in 2004 and has held various positions of increasing responsibility with the …
A group of Filipino guest workers who allege in a lawsuit that their Louisiana-based employers subjected them to inhumane working and living conditions claim company officials have threatened some of them with deportation unless they drop the case. A federal …
