Ed Note: The original version of A.M. Best’s ratings report, which appeared on the IJ web site on August 17, contained an error in the financial figures, wrongly listing a £700,000 loss as £700 million. The article below is the …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) Ltd. Houston-based Catlin Insurance Company, Inc. (CICI) and Delaware-based Catlin …
A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agencies Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL). The …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Infrassure Ltd. and its affiliate, Infrassure Ltd., Vaduz, which is based in Liechtenstein. The outlook for all of the …
Scott Brock has been appointed as CEO of Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide highly focused, personalized reinsurance program and …
The U.S. property and casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines carriers. That’s according to an analysis of newly obtained statutory …
Financially strapped insurance companies in Missouri will soon face tighter oversight, thanks to a new law signed by Gov. Jay Nixon. Senate Bill 583, which takes effect Aug. 28, spells out the specific standards the Department of Insurance will use …
The California Senate Appropriations Committee is considering a bill that would establish a new program to encourage insurer investments in qualified environmentally friendly investments. Specifically, AB 1011 would authorize insurers to claim a tax credit against the gross premiums tax …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A., but bothratings have negative outlooks. The ratings reflect MAPFRE RE’s “integral role” within the …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with stable outlooks. Best said it anticipates an improvement in SMMI’s …
