New York officials announced that the state’s “force-placed” insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services (DFS) reached agreements with the four remaining New York force-placed insurers …
Alleghany Corporation said this week its preliminary estimate of after-tax loss related to Sandy — net of reinsurance and reinstatement premiums — would be approximately $288 million. Alleghany said this estimate reflects a consolidated pre-tax loss estimate, net of reinsurance …
Assurant Solutions has named Shawn Marcotte to serve as chief operating officer and vice president of its International Operations. Marcotte will be based at the company’s Atlanta, Georgia corporate office and report to Mike Anderson, president of Assurant Solutions International. …
Assurant’s solar group named Cindy Henry as the new director of Solar Underwriting and Account Management. Henry will be based in Fountain Valley, Calif. and support the company’s solar insurance business and report to Jeanne Schwartz, vice president of new …
Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary Wednesday by ringing the ceremonial closing bell at the New York Stock Exchange, where the company is listed.Assurant traces its history to the …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Torus Specialty Insurance Company and Torus National Insurance Company, both of which are domiciled in Wilmington, Delaware, and are wholly owned …
Standard & Poor’s Ratings Services announced that its ratings on Assurant Inc. (BBB/Stable/A-2) and its related companies were unaffected by the announcement that Assurant will take a noncash goodwill impairment charge of $306 million (after taxes) for the fourth quarter …
