November 12, 2010
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Aioi Insurance Company (China) Limited, both with stable outlooks. The ratings reflect AIC’s “favorable risk-adjusted capitalization, excellent liquidity position and …
November 12, 2010
A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 609, which is managed by Atrium Underwriters Limited (AUL). The outlook for both ratings remains …
November 12, 2010
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company Limited, the captive insurance company of Thomas Greg & Sons Limited …
November 11, 2010
Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to address this.” The bulletin noted that the …
November 11, 2010
A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 570, which is managed by Atrium Underwriters Limited (AUL). The outlook for both ratings remains …
November 10, 2010
Germany’s Allianz Group announced strong results for the third quarter and confirmed its operating profit outlook for 2010. Revenues in the third quarter grew by 11.4 percent to €24.5 billion [$33.84 billion], compared to €22 billion [$30.39 billion] in Q3 …
November 10, 2010
Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this type of insurance.” The conclusion came from delegates at …
November 10, 2010
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Hiscox Insurance Company (Bermuda) Limited, UK-based Hiscox Insurance Company Limited (Hisco) and Hiscox Insurance Company …
November 10, 2010
A.M. Best Europe – Rating Services Limited has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Ltd (HSL). Best has also affirmed the …
November 10, 2010
Proposed 30 percent increases in what medical providers in New York are paid for treating workers’ compensation injuries could have unintended consequences for the state’s motorists, an industry group has warned In a letter to the New York State Workers …