A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of North Pointe Insurance Company (NPIC) of Michigan, and the FSR of ‘B+’ (Good) and ICR of “bbb-” of North …
Australians battled both fires and some of the worst flooding in decades Monday that stranded residents in several communities after days of intense summer heat and storms. Bureau of Meteorology hydrologist Gordon McKay said some parts of New South Wales, …
Australia’s QBE announced that it has signed a definitive agreement to acquire North Pointe Holdings Corporation, a NASDAQ listed, US-based P/C insurance group. The acquisition is subject to the approval of regulatory authorities and North Pointe’s shareholders. “North Pointe writes …
Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing and market conditions across the global reinsurance industry into …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of General Insurance Corporation of India (GIC) and has revised its outlook on both ratings to stable from negative. “The …
Acknowledging the ongoing concern over coastal property insurance in his state, Connecticut Insurance Commissioner Thomas Sullivan maintained that the state’s coastal property insurance market is in pretty good shape with more than 100 insurers still writing in the state, even …
Standard & Poor’s Ratings Services has revised its ratings outlook on the counterparty and insurer financial strength ratings on Insurance Australia’s group of companies to negative from stable. S&P also affirmed the ‘AA’ ratings on Insurance Australia’s core subsidiaries. “The …
Swiss Re has released a preliminary “sigma” report detailing the extent of 2007’s catastrophe losses. According to its initial estimates, more than 20,000 people were killed by natural and man-made catastrophes in 2007; overall financial losses from catastrophes were $61 …
Lloyds’s insurer, Marketform Group Limited, which specilizes in non-US medical malpractice and other specialty lines, announced that American Financial Group Inc. (AFG) is to become the majority shareholder in its business, increasing the Company’s presence as an international specialist insurer. …
Standard & Poor’s Ratings Services has indicated that there will be “no impact on its ratings on Tokio Marine & Nichido Fire Insurance Co. Ltd. (AA/Stable/A-1+) following the company’s announcement that it had reached a basic agreement to acquire U.K. …
