A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of RLI Group and its members. Best also affirmed the ICR of “a-” and debt rating of “a-” on $100 …
Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co., which says the decline reflects a …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Puerto Rico based Cooperativa Seguros Group and its operating member, Cooperativa …
A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of Frankenmuth Insurance and its member companies, and has revised its outlook on the rating to stable …
The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to issue new policies for a week or longer. As reported by Insurance Journal last Friday, Congress left town for the …
As he hinted he would do, Florida Gov. Charlie Crist has vetoed an omnibus property insurance bill (SB2044) that the industry and even the state’s insurance commissioner had urged him to sign. Crist, who was elected governor as a Republican …
The UK’s Prudential on Thursday denied market talk that it had pulled its $35.5 billion bid for U.S. rival AIG’s Asian unit, after rumors the deal was off boosted Pru’s shares as well as the pound. “This speculation is unfounded,” …
Tim Breedon, Group Chief Executive of Legal & General has been nominated to become the next Chairman of the Association of British Insurer (ABI). He will be formally appointed at the Association’s Annual General Meeting in July when Archie Kane …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc. (HICI), based in Geneva, Illinois. Hiscox USA is …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. and Montpelier US Insurance Company (MUSIC), which is based in Oklahoma City. Best also …
