Fitch Ratings has affirmed the ratings of PartnerRe Ltd. with a negative outlook. The affirmation follows an “updated review of PartnerRe’s financial performance, capital position, liquidity, and investment exposures,” said Fitch. The rationale for the ratings includes the company’s” strong …
Hurricane Danielle has recovered some strength, and is once again a “category two hurricane on the Saffir-Simpson hurricane wind scale,” according to the most recent bulletin from the National Hurricane Center in Miami at 11:00 a.m. AST. The storm is …
The U.S. National Hurricane Center is reporting that Hurricane Danielle is still a category two hurricane, with sustained winds of 105 miles per hour, and that it is expected to strengthen somewhat in the next 24 hours. As of early …
Standard & Poor’s Ratings Services has raised its counterparty credit rating on Validus Holdings Ltd. to ‘BBB’ from ‘BBB-‘. S&P has also assigned its ‘A-‘ counterparty credit and financial strength ratings to Validus’ insurance subsidiary, Validus Reinsurance Ltd. The outlook …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Allied World Assurance Company, Ltd. and its operating affiliates. Best also affirmed the ICR of “bbb”, debt rating …
Tropical Depression Seven formed in the far eastern Atlantic Ocean on Wednesday, one of three systems the U.S. National Hurricane Center was monitoring, but none were so far expected to threaten energy production in the Gulf of Mexico. The NHC …
Yesterday Danielle was still classified by the National Hurricane Center in Miami as tropical storm. But the NHC’s latest bulletin, issued at 5:00 a.m. AST, confirms that it has now strengthened into a category 2 hurricane on the Saffir-Simpson scale. …
Insurance brokerage and risk management consulting firm Beecher Carlson has appointed Robin Mehta as Executive Managing Director. He joins Beecher Carlson to lead the Bermuda office operations, including its Captive practice. Mehta will “continue to expand the Bermuda brokerage business …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) Ltd. Houston-based Catlin Insurance Company, Inc. (CICI) and Delaware-based Catlin …
A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agencies Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL). The …
