Latest Assurance Headlines
All the headlines from our Assurance Topic Page, ordered by recency.
Zurich to Acquire Malaysian Assurance Alliance Berhad
Jun 20 2011 // Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Company Ltd., has signed an agreement to acquire 100 percent of the share capital of Malaysian Assurance Alliance Berhad (MAAB), a Malaysian...
Transatlantic, Allied World Agree to Merger
Jun 13 2011 // Transatlantic Holdings, Inc. and Allied World Assurance Co. Holdings, AG on Sunday signed a merger agreement that will create a leading, global specialty insurance and reinsurance company. The combined entity will have...
Ratings: Benchmark, Repwest, Sooner, Park Assurance, Mariah Re, ACMAT, Kingsway Amigo
May 31 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” for Minnesota-based Benchmark Insurance...
Ratings Roundup: Topiary (Cat Bonds), Cardif, AMI, PhilNaRe
Mar 25 2011 // Standard & Poor’s Ratings Services said that its ‘BB+(sf)’ rating on Topiary Capital Ltd.’s Series 2008-1 notes will remain on CreditWatch, where it was placed on March 18, 2011, with negative...
New Blood Recommended for Pinnacol Assurance Board
Mar 7 2011 // Colorado’s Senate Business, Labor and Technology Committee unanimously recommended the confirmation of John Cevette, Blair Richardson and John Plotkin to Pinnacol Assurance’s board of directors. On Feb. 22,...
Colorado’s Pinnacol Assurance CEO Stripped of 2010 Bonus
Mar 4 2011 // The board of insurance company Pinnacol Assurance has voted to strip CEO Kenneth Ross of his bonus for 2010. The Denver Post reports the board of the state-chartered workers’ compensation insurer made its decision...
Best Places New Zealand’s Civic Assurance Ratings under Review
Mar 4 2011 // A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of New Zealand Local Government Insurance...
Best Upgrades Unifund Assurance Rating; Affirms Ratings of RSA Canada Members
Jan 20 2011 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “bb+” from “bb” and affirmed the financial strength rating (FSR) of ‘B’ (Fair) of Unifund Assurance Company, which is based...
Pinnacol Assurance Names Kranz Associate VP of Finance
Dec 2 2010 // Pinnacol Assurance, Colorado’s leading provider of workers’ compensation insurance, has named Kathy Kranz as the new associate vice president of finance. She previously served as the company’s...
Ratings Roundup: Erie Group, Waco Fire & Casualty, Maya Assurance
Nov 9 2010 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Erie Insurance Group and its members are unchanged following the...
Pinnacol Assurance Awarded Five Gold Leaf Awards
Oct 29 2010 // Denver-based Pinnacol Assurance, Colorado’s leading workers’ compensation provider, received five communications awards at the annual Colorado Healthcare Communicators awards dinner. Pinnacol won two Gold Leaf...
Pinnacol Assurance to Credit $15M to Certain Policyholders
Sep 6 2010 // Workers’ Comp Insurer Loses Battle to Keep Records Private Colorado’s Division of Insurance announced it has reached a settlement agreement with Pinnacol Assurance concerning filing issues raised earlier this...
Pinnacol Assurance To Credit $15M to Certain Policyholders
Aug 26 2010 // Colorado’s Division of Insurance announced it has reached a settlement agreement with Pinnacol Assurance, the state’s largest workers’ compensation insurer, concerning filing issues raised earlier this...
Best Affirms Allied World, Operating Affiliates ‘A’ Ratings; Outlook Stable
Aug 25 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company, Ltd. and its operating...
Ratings Roundup: AMEX, Castle Key, Torus, Hartford (debt)
Aug 25 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The...
Ratings Roundup: International General, Civic Assurance (NZ)
May 17 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based International General Insurance Company Limited (IGI). Best also...
Pinnacol Assurance Offers Colorado $330 Million to Become Private Insurer
Apr 5 2010 // Pinnacol Assurance, Colorado’s quasi-governmental workers’ compensation insurer, has submitted a potential separation agreement to Colorado Gov. Bill Ritter that would establish Pinnacol as a domestic mutual...
Pinnacol Assurance Offers Colorado $330 Million to Become Private Insurer
Mar 19 2010 // Pinnacol Assurance, Colorado’s quasi-governmental workers’ compensation insurer, has submitted a potential separation agreement to Colorado Gov. Bill Ritter that would establish Pinnacol as a domestic mutual...
Ratings: RSA Canada, Korean Re, New India, Labuan Re, Al-Ahleia, Generali/Volksfuersorge, GCAN
Jan 28 2010 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun...
Ohio Places The Physicians Assurance Corporation Into Liquidation
Aug 19 2009 // Ohio Department of Insurance has placed The Physicians Assurance Corporation (TPAC) into liquidation. The liquidation order, which was filed Aug. 18, 2009, allows the department to take possession of the insurer’s...
