CastlePoint News

Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners

Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint group of insurance companies may proceed with most of the claims they made in a New York lawsuit, a California …

10 ACP Re Insurers Miss Deadline; A.M. Best Places Ratings Under Review

A.M. Best said it has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of ACP Re Ltd., based in Hamilton, Bermuda and 10 of its reinsured …