A.M. Best Co. has placed the debt ratings of “bb” on Series 2008-1, Class A $150 million principal at-risk variable rate notes of Newton Re Limited, “bb+” on Class B Series 2007-1, $250 million principal at-risk variable rate notes of …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Greenlight Reinsurance, Ltd. as well as the ICR of “bbb-” of Greenlight Re’s holding company parent, Greenlight Capital Re, Ltd. …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been honored as the “Re/Insurance Initiative of the Year” at the 2008 Review Worldwide Reinsurance Awards. It’s the first such recognition for the 16-month old facility. A CCRIF bulletin described the ward …
After causing more than 20 deaths in Haiti, Tropical Storm Gustav is now heading for Cuba, Jamaica and the Cayman Islands. The latest update from Miami’s National Hurricane Center indicates that Gustav is gaining strength, as it moves over the …
Tropical Storm Gustav shifted course slightly on Thursday morning and moved toward the Jamaica, and forecasters predicted it would be a powerful hurricane by the time it reaches the Gulf of Mexico. “The re-formation of the center has caused a …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of XL Capital Group and its members Best also removed from under …
A.M. Best Co. has removed from under review with negative implications and affirmed the debt rating of “bb+” on $350 million non-cumulative perpetual preferred securities (preferred securities) issued by Stoneheath Re (issuer), a Cayman Islands exempted company. The assigned rating …
Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and will manage and grow the company’s Inland Marine book of business. …
In a report issued Aug. 17, ReAdvisory, a modeling and risk assessment service of reinsurer Carvill America Inc., said Tropical Storm Fay became the sixth named storm of the 2008 hurricane season early on the evening of Aug. 15. Fay …
Miami’s National Hurricane Center is closely tracking Tropical Storm Fay, as it passes over Cuba. Storm warnings are in effect for most of the island, as well as the Cayman Islands The NHC reported early Sunday morning that the storm’s …
