A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ‘C++’ (Marginal) and the issuer credit rating of “b” of Boubyan Takaful Insurance Company KSC (CLOSED), which is …
A group of individuals and businesses filed a lawsuit against the Obama administration’s healthcare overhaul on Thursday, hoping to stop the law in states that have not set up new insurance exchanges. The complaint filed in the Washington federal court …
CEO Mike McGavick seemed quite pleased with XL’s results for, the first quarter of 2013. “XL once again delivered solid results — the kind of results we seek to routinely produce,” he wrote in the earnings report. “While none of …
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per diluted common share in the first quarter …
A report from SNL Financial cites the recent activity in the insurance linked securities (ILS), or “Cat Bond” market is continuing to be an attractive alternative for insurers. SNL’s report notes that “even after an active 2012, the appetite for …
Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $92.1 million and $2.13 per diluted common share for the first quarter of 2013, compared to net income of $74.4 million and $1.72 per diluted common share …
It’s the invisible enemy: something all pilots dread as they land at Asia’s tropical island resorts. Wind shear – or the sudden change in wind speed and direction – is particularly hazardous at landing, but some of the region’s best …
The parents of a Tennessee State football player who died after collapsing during a practice last fall are suing the university for wrongful death. Wayne Jones III, a 19-year-old walk-on freshman defensive back, died Nov. 7 at after collapsing at …
A study by workplace safety advocates shows that more workers die on the job in North Carolina than the state reports. The Charlotte Observer reported that the state Labor Department recorded 35 workers killed on the job in 2012. The …
The original ledger page of an insurance policy for the ill-fated Titanic was sold at a New York auction for $25,000. The insurance policy number 391550, issued by the Atlantic Mutual Insurance Company, was written on behalf of the Oceanic …
