A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to ‘a’ from ‘a-‘ of Cayman Islands-based Greenlight Reinsurance, Ltd., and has also affirmed the FSR of ‘A-‘ …
A newly issued special report from A.M. Best notes that although the “reinsurance environment in the Middle East and North Africa (MENA) region is stagnant in many aspects, it also contains many elements that are in an exciting stage of …
Specialist insurer Genworth has announced the full placement of a new reinsurance treaty for mortgage insurance (MI) in Europe. The bulletin said the “deal is the first of its kind in Europe,” and that it demonstrates “a new confidence amongst …
Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Guy Williams as Head of Directors & Officers and Financial Institutions (D&O/FI). He is an experienced insurance lawyer by background, specializing in financial professional risks. …
Transatlantic Holdings said Monday it has entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long takeover saga and sending the reinsurer’s shares up sharply. For nearly four months, Transatlantic has been the subject of …
The National Hurricane Center in Miami is currently tracking Hurricane Hilary in the Pacific Ocean off the west coast of Mexico and the Baja California Peninsula. The NHC’s latest bulletin, issued at 2:00 a.m. PDT, said “maximum sustained winds have …
Even after settling what had been the last wrongful death lawsuit against the airlines over the Sept. 11, 2001 attacks, the family of Mark Bavis warned that neither those companies, nor government regulators have done enough to prevent another, similar …
The families of two young people who died after falling into a tank at a dairy farm in Michigan’s Barry County have filed wrongful death lawsuits against the farm. The lawsuits were filed last week in Barry County Circuit Court …
The National Wildlife Federation plans to sue the federal government, saying it has failed to ensure that the national flood insurance program hasn’t harmed endangered salmon, or the orca whales that feed on the fish, in Puget Sound. Last week …
CSE Insurance Group, a provider of insurance for civil service employees and consumers, has been approved to offer its new SAVE Program from the California Department of Insurance. CSE Insurance customers will be able to take part in this new …
