Latest Assurance Headlines
All the headlines from our Assurance Topic Page, ordered by recency.
A.M. Best Affirms Sovereign Assurance ‘A’ Rating
Dec 16 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) of New Zealand’s Sovereign Assurance Company Limited, with a positive outlook. “The rating reflects...
S&P Lowers Attorneys’ Liability Assurance Ratings to ‘AA-‘
Nov 28 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based Attorneys’ Liability Assurance Society Ltd. (ALAS) and...
Best Affirms Allied World Assurance
Nov 13 2003 // A.M. Best Co. has affirmed the financial strength rating of “A+” (superior) of Bermudian insurer Allied World Assurance Co. Ltd. (AWAC) and its reinsured affiliated companies. Additionally, A.M. Best assigned...
Director of Unlicensed Company Arrested in Florida
Sep 17 2003 // The Florida Department of Financial Services announced that the director of Hollywood-based Native Assurance Company has been charged with acting as an insurer without a certificate of authority. Native Assurance was...
Arch Adds Executive Assurance Operation in London
Jul 14 2003 // Arch Insurance Group, a division of Arch Capital Group Ltd., announced that Jane Comerford was named to the position of vice president, Executive Assurance. In her new role, Comerford will focus on developing Arch’s...
Allied World Assurance Holdings Notes 4thQ Results
Feb 24 2003 // Bermuda-based Allied World Assurance Holdings, Ltd. reported net income of $42.8 million for the fourth quarter and $127.6 million for the year ended Dec. 31, 2002. Allied World Assurance Holdings, Ltd. was incorporated in...
Eric W. Neely Named President of Mt Washington Assurance Corp.
Feb 4 2003 // Eric W. Neely has been named president of Mt Washington Assurance Corporation, a member of the Plymouth Rock Companies, headquartered in Concord, NH. The company sells auto and homeowner insurance in New Hampshire through...
AIG’s American International Companies Unveils Workplace Violence Insurance
Nov 15 2002 // American International Group, Inc. (AIG) announced that the American International Companies have introduced Workplace Assurance(SM), an insurance coverage for the financial loss associated with incidents of violence in...
Allied World Assurance Holdings Posts $40.9 Million Q3 Net
Oct 31 2002 // Two weeks before its first birthday Bermuda-based Allied World Assurance Holdings, LTD reported net income of $40.9 million for the third quarter and $84.9 million for the nine months ended September 30, 2002. The company...
Allied World Assurance Holdings Opens Irish Subsidiary in Dublin
Oct 29 2002 // Bermuda-based Allied World Assurance Holdings, Ltd. announced that the company has been granted a license to operate in Ireland and has commenced business with the opening of a new office in Dublin. The bulletin explained...
XL Capital Assurance Establishes London-Based Financial Guarantee Subsidiary
Aug 27 2002 // XL Capital Assurance Inc. (XLCA), a unit of Bermuda’s XL Capital Ltd., announced the formation of a financial guarantee subsidiary in London, XL Capital Assurance (U.K.) Limited (XLCA-UK), specializing in credit...
Attorneys’ Liability Assurance Society Lowered
Aug 5 2002 // Fitch Ratings has lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society (Bermuda) Ltd. (ALAS) to ‘AA-‘ from ‘AA’. The Rating Outlook is Stable. Fitch’s...
Attorneys’ Liability Assurance Society Lowered
Aug 5 2002 // Fitch Ratings has lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society (Bermuda) Ltd. (ALAS) to ‘AA-‘ from ‘AA’. The Rating Outlook is Stable. Fitch’s...
Fitch Lowers Attorneys’ Liability Assurance Society
Jul 24 2002 // Fitch Ratings lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society Ltd. (ALAS) of Bermuda to “AA-” from “AA”. The rating outlook is stable. Fitch’s...
Allied World Assurance Reports $26.2M in Net Income for 2ndQ
Jul 23 2002 // Bermuda-based Allied World Assurance Holdings, Ltd, has reported net income of $26.2 million for the second quarter and $44.0 million for the six months ended June 30, 2002. Gross premiums written were $278.5 million in...
Allied World Assurance Holdings, Ltd. Purchases Pair of U.S. Companies
Jul 17 2002 // Allied World Assurance Holdings, Ltd. announced that its Irish resident subsidiary, Allied World Assurance Holdings (Ireland), Ltd. has completed the acquisition of Commercial Underwriters Insurance Company and Newmarket...
American Physicians Assurance Leaving Fla. Med-Mal Market
Jun 26 2002 // American Physicians Assurance Corporation (APA), a subsidiary of East Lansing, Mich.-based American Physicians Capital Inc., has filed notice with the Florida Department of Insurance that it plans to cease writing medical...
AIG Names John Doyle as American Home Assurance President
Mar 4 2002 // Insurer American International Group Inc. named John Doyle as president of American Home Assurance Co. Doyle previously held the title of executive vice president of AIG’s domestic brokerage group. Daniel Glaser,...
ProAssurance Corp. Formed by Merger of Medical Assurance and Professionals Group
Jul 5 2001 // Medical Assurance Inc. and Professionals Group Inc. formally closed their consolidation on Wednesday, June 27, 2001. The merger creates the holding company ProAssurance Corporation, which will be the third largest medical...
XL Financial Assurance Gets ‘AAA’
Dec 25 2000 // XL Financial Assurance (XLFA) and XL Capital Assurance Inc. (XLCA), respectively the financial guarantee reinsurance and financial guarantee subsidiaries of XL Capital Ltd., received “AAA” ratings from both...
