A.M. Best Co. has placed the issuer credit rating (ICR) of “bbb+” of Australia’s QBE Insurance Group Limited under review with negative implications. Best also placed all of QBE’s subsidiaries financial strength ratings (FSR), ICRs and debt ratings under review …
Reinsurance rates for the property/casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts, where rates are still rising. That is one key finding from an annual international reinsurance review …
Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key finding from an …
AssuranceAmerica Corp. AssuranceAmerica Corp., an Atlanta-based insurance holding company, has written its first auto insurance policy in Louisiana. The company now writes in six states including Georgia, Florida, South Carolina, Alabama and Texas and has plans to expand to additional …
Reinsurance rates for the property/casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts, where rates are still rising. That is one key finding from an annual international reinsurance review …
Standard & Poor’s Ratings Services indicated that its ratings on France’s AXA Group, including Winterthur Swiss, and Australia’s QBE won’t be affected by the sale of Winterthur’s US-based business to QBE (See related article). Concerning AXA and its core subsidiaries, …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of New Zealand’s Sovereign Assurance Company Limited with a positive outlook. “The ratings reflect Sovereign’s sustainable market leadership, consistent overall operating …
Sun Prairie,Wis.-based insurer General Casualty, its U.S. holding company and sister company Unigard Insurance Group in Bellevue, Wash., are being acquired by Australia-based QBE Insurance Group in an agreement with current parent companies Winterthur Insurance Group in Switzerland and Paris-based …
In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for US$1.156 billion (€883 million). As part of the deal Winterthur US …
Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd. announced that its London-based subsidiary, Assured Guaranty (UK) Ltd., has appointed Craig Lee as Managing Director, Asia Pacific, “responsible for developing Assured Guaranty’s business in the Asia Pacific and Australian region.” …
