Reinsurance rates across most lines of property catastrophe business declined at the Jan. 1, 2010 renewal, according to a briefing by Guy Carpenter & Co., LLC. Guy Carpenter’s World Catastrophe Rate on Line (ROL) Index declined by six percent at …
Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Steve Ryland as Senior Vice President of the Group. His experience is in the areas of insurance run-off and the provision of services to discontinued insurance and reinsurance entities. Ryland …
Willis Group Holdings announced that its reorganization has been completed and the new parent company of the Willis Group – known as Willis Group Holdings Public Limited Company (PLC) – is incorporated in Ireland. Willis first announced the reorganization in …
A.M. Best Co. has affirmed the financial strength rating of ‘B-‘ (Fair) and the issuer credit rating of “bb-” of Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re), both with positive outlooks. The ratings reflect Transsib Re’s “good business position, weak …
A.M. Best Co. has assigned a financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” to Winnipeg, Manitoba-based SecuriCan General Insurance Company, both with stable outlooks. Best said the ratings “are reflective of its good …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. Both ratings gave negative outlooks. Best said the ratings reflect its “expectation …
Standard & Poor’s Ratings Services has raised its counterparty credit rating on Platinum Underwriting Holdings Ltd. to ‘BBB+’ from ‘BBB’. S&P also assigned its ‘A’ counterparty credit and financial strength ratings to Platinum’s insurance subsidiaries: Platinum Underwriters Reinsurance Inc. and …
Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies. Here are the headlines …
0 The number of Atlantic hurricanes that came ashore the U.S. this past storm season, a season that turned out to be the quietest since 2006. Since June, just nine named storms developed. Only three of them became hurricanes, and …
A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Lloyd’s Syndicate 2001, which is managed by Amlin Underwriting Limited. Best also affirmed the ICR of “a-” of Amlin plc, the …
