A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of Royal Bank of Canada Insurance Company Ltd. (RBCI), which operates from St. Michael, Barbados. The outlook for …
The Distinguished Programs Group, LLC, has named Jeremy Hitzig chief executive officer, effective immediately 2006. Andy Potash, founder and former chief executive officer, will remain as chairman of the board. Carla Vel will continue in her current position as president …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Bank of Montreal Insurance (Barbados) Limited with a stable outlook. “These ratings reflect Bank of Montreal Insurance’s …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A” (Excellent) to Bermuda-based BF&M Limited and its operating affiliates with a stable outlook. “These rating actions recognize BF&M’s consistently strong operating performance, excellent capitalization, experienced …
A.M. Best Co. announced that it has affirmed the issuer credit rating (ICR) “bbb-” of Canada’s Kingsway Financial Services Inc. (KFSI). Best also affirmed the debt rating of “bbb-” on KFSI’s C$78 million (US $66.4 million) 8.25 percent senior unsecured …
A news release from the Barbados Investment and Development Corporation (BIDC) highlights the island’s growing “reputation with investors as a prime business location,” as indicated by its burgeoning captive insurance industry. In addition to being a popular tourist destination [except, …
United America Indemnity, Ltd. reported that A.M. Best Company upgraded or affirmed its financial-strength rating for fourof its subsidiaries. Penn-America Group, Inc. was upgraded to A (Excellent); United National Group and Wind River Insurance Company (Barbados) Ltd. had their ratings …
Strategy International Insurance Group, Inc. and RS Group of Companies, Inc. announced that, on January 6th, 2006, “the respective Boards of Directors of the companies approved a letter agreement stating that RS Group would be merged with and into Strategy …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Imagine Insurance Company Limited (Imagine) (Barbados). The ratings have been removed from under review with negative implications and assigned a …
Kingsway Financial Services Inc. of Toronto has entered into a program management agreement with The Robert Plan Corporation. to have RPC service its U.S. assigned risk automobile accounts. The agreement is effective for new and renewal business on and after …
