A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of AXIS Specialty Limited (AXIS) and its operating affiliates. Best also affirmed the ICR of “bbb+” and all existing debt …
Florida insurance officials have agreed that three Bermuda-based reinsurers can participate in Florida’s insurance marketplace without having to post millions of dollars in extra collateral. The Office of Insurance Regulation’s (OIR) agreements are with Ace Tempest Reinsurance Ltd., Hiscox Insurance …
Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …
The Bermuda-based Catlin Group Limited’s interim management statement highlighted some significant premium increases in certain lines. The bulletin said: “Group-wide net premiums earned increased by 13 percent in the nine months ended 30 September 2010. Approximately half of this increase …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company Limited, the captive insurance company of Thomas Greg & Sons Limited …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance Company Limited (Hisco) and Hiscox Insurance Company …
A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Ltd (HSL). Best has also affirmed the …
Florida insurance officials have agreed that three Bermuda-based reinsurers can participate in Florida’s insurance marketplace without having to post millions of dollars in extra collateral. The Office of Insurance Regulation’s (OIR) agreements are with Ace Tempest Reinsurance Ltd., Hiscox Insurance …
Cooper Gay is moving ahead with plans for U.S. expansion following its recent amalgamation with Swett & Crawford. The broker announced the appointment of Galen Brislane, a U.S. casualty specialist, to focus on “supporting its US operations to target North …
Bermuda-based Validus Holdings reported net income of $238.5 million, or $2.08 per diluted common share for the three months ended September 30, 2010, compared with net income of $499.2 million, or $5.21 per diluted common share, for the three months …
