A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Luxembourg-based Casiopea Re S.A., the reinsurance captive of Telefónica S.A., both with stable outlooks. The ratings …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited and its operating affiliates, as well as the ICR of “bbb+” and all existing debt ratings …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK-based RSA Insurance Group plc. Best also affirmed …
Catalina Holdings (Bermuda) Ltd has announced that it has signed a definitive Share Purchase Agreement to acquire 100 percent of the shares in KX Reinsurance Company Limited, including KX Re’s wholly owned subsidiary OX Reinsurance Company Limited, from Tawa plc. …
China has eased restrictions on foreign companies in parts of its insurance, travel and delivery industries in a possible effort to reverse a slide in investment from abroad, an American business group said Friday. Some of the measures were promised …
A federal appellate court has reversed a $7.2 million judgment and ordered a new trial in a Florida hurricane insurance case. The 11th Circuit Court of Appeal issued the ruling in Atlanta based on a May opinion by the Florida …
A Utah Court of Appeals ruled the term “jet ski” to be ambiguous as an exclusion in a homeowners’ policy, and to back up its decision the court used as a reference the popular reference website Wikipedia, calling it a …
Keith Jandahl, vice president of insurance operations for Hasting, Mich.-based property/casualty insurer, Hastings Mutual Insurance Co., is retiring at the end of 2012 after a 35 year career in the insurance industry. Jandahl will be succeeded by William (Bill) Gregor, …
Congratulations to the winners of the 2012 Best Agencies to Work For. The winners demonstrate that while salary and other tangible benefits are obviously important to employees, the intangibles may be more important. These can include respect, reputation and, perhaps …
Right People, Right Fit Makes a Great Place Austin, TexasWalker Myers Insurance Starting a new business in a healthy economy is a challenge. Starting a new business — and succeeding — in a difficult economy is next to impossible. Yet …
