A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Swiss Reinsurance Company Canada and has assigned a category NR-5 (Not Formally Followed) to the FSR and an “nr” …
ACE Limited expects to issue its year-end, fourth quarter earnings release and financial supplement after the market closes today, Tuesday, February 3, 2009. A copy of these documents will be available promptly following such issuance in the Investor Information section …
A.M. Best Co. has commented that its ratings and outlook on Allstate Insurance Group and The Allstate Corporation (Allcorp) “remain unchanged, despite recently reported fourth quarter 2008 financial results, which included substantial realized and unrealized capital losses on Allstate’s and …
In contrast to A.M. Best and Standard & Poor’s, Fitch Ratings has downgraded the senior debt rating of the Allstate Corporation to ‘BBB+’ from ‘A’, and the financial strength ratings of Allstate’s P/C and life insurance subsidiaries to ‘A+’ from …
Bermuda-based PartnerRe will release its 2008 fourth quarter and full year results after the market close today, Monday, February 2, 2009. PartnerRe senior management will conduct a dial-in conference call, which will include a question and answer period, on Tuesday, …
The Bermuda-based Arch Capital Group Ltd. announced that it expects to report after-tax operating income available for common shareholders in the range of $75 million to $90 million for the 2008 fourth quarter. “These amounts reflect an increase of approximately …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Allstate Corp.’s core property-liability (Allstate Protection) and life insurance (Allstate Financial) companies to ‘AA-‘ from ‘AA’. S&P also lowered its counterparty credit rating on Allstate …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘B’ (Fair) and issuer credit rating (ICR) to “bbb” from “bb+” of Canada’s Coachman Insurance Company, and has revised the outlook to stable from positive. Best …
Branchville, New Jersey-based Selective Insurance Group Inc. reported a fourth-quarter net loss, hit by a 63 percent fall in investment income, sending its shares down more than 10 percent. The property and casualty insurer posted a net loss of $14.4 …
Allstate reported consolidated revenues were $6.6 billion in the fourth quarter of 2008 and $29.4 billion for the 2008 year, a 9 percent drop from the previous year. The decrease in revenue of $2.4 billion and $7.4 billion for the …
