AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Golden Bear Insurance Co. in Stockton, Calif. The outlook of these ratings has been revised …
The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary. HDI Assicurazioni, a subsidiary of HDI International AG, Talanx Group’s Retail International Division, is buying …
A new federal water permit for a New Hampshire fish hatchery that has been accused of polluting local waterways could cut the amount of phosphorous the hatchery can discharge in half. The permit for the Powder Mill Fish Hatchery, in …
Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the assets of the Auburn Insurance Agency Inc., a full-service, family-owned insurance agency based in Natick, Mass. Founded in 1982 by President Janice Ryan, Auburn Insurance specializes …
Dick Insurance Agency, along with sister company Merrimack Financial Services, both of Tewksbury, Mass., have announced four new hires. Matthew Keefe joins Dick Insurance Agency and Merrimack Financial Services as a licensed account executive and debt management consultant. Prior to …
Self-driving car maker Cruise said on Wednesday it and majority shareholder General Motors Co. would seek U.S. regulatory approval in coming months to deploy a limited number of Cruise Origin vehicles without steering wheels or pedals. At the same time, …
Hurricane Epsilon, the 10th of this very busy Atlantic season, was moving toward Bermuda on Wednesday. Epsilon is expected to make its closest approach to the island on Thursday night, and there is a risk of a direct impact, according …
Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box (SIAB). Picnic will commence underwriting on Jan. 1, 2021, subject to completion of the Lloyd’s …
China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Ant, the fintech company …
Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the COVID-19 …
