Fitch Ratings has affirmed the ‘A’ insurer financial strength ratings of Imagine Insurance Company Ltd. (Imagine) and Imagine International Reinsurance Ltd. The Rating Outlook has been changed to Stable from Positive. The rating action follows Imagine’s acquisition of Danish Re …
The Barbados-based Imagine Group announced that its subsidiary, Imagine Insurance Company Limited, has completed the acquisition of Danish Re (Bermuda) Ltd. and all related subsidiaries of the Danish Re Group worldwide. The transaction was effective December 31, 2004 but has …
Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four years. The indictment, filed in …
Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted last week on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four years. The indictment, …
Toronto-based RS Group (formerly Rent Shield Corp.) and Strategy International Insurance Group Inc. have announced that they intend to enter into an agreement that will result in RS Group’s becoming a wholly owned subsidiary of Strategy International. “The management teams …
A.M. Best Co. announced that it has assigned financial strength ratings of “A-” (Excellent) to Wind River Insurance Company, Ltd. based in Hamilton, Bermuda, and “A” (Excellent) to Wind River Insurance Company (Barbados) Ltd. with stable outlooks. Best also said …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of the Barbados-based Imagine Insurance Company Limited, and has assigned the company an “a-” issuer credit rating. All ratings have a stable outlook. “These ratings …
Everest Re Group, Ltd. reported from its Barbados headquarters that its third quarter 2004 after-tax operating income (which excludes realized capital gains and losses) was $4.8 million, or $0.08 per diluted share, a 96.2 percent decrease compared to $126.2 million, …
Barbados-based Everest Re Group, Ltd. announced that, based on its initial assessment of potential exposures, it expects aggregate losses from Hurricanes Charley, Frances, Ivan and Jeanne, and the quarter’s Pacific typhoons, to be approximately $190 million, net of tax. “This …
Fitch Ratings announced that it has assigned an “A” insurer financial strength rating to Imagine International Reinsurance Limited with a positive outlook. “Imagine International is a Dublin-based, wholly owned subsidiary of Imagine Insurance Company Limited (Imagine), whose ‘A’ insurer financial …
