Cayman Islands News

American Safety Insurance Group has filed a lawsuit to rescind its previously announced acquisition of a Michigan insurance agency and two related insurance companies specializing in insurance program business. In January, American Safety Holdings acquired the stock of L&W Holdings …

An issue of floating-rate notes, the payouts for which are linked to an index of California earthquakes, was assigned a “BB” rating by S&P. The annual probability that monies in the collateral account would be required to pay claims was …