A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR of “a-” and debt ratings of PartnerRe’s parent, …
For the second time in two months, Insurance Commissioner Steve Poizner is being accused by his predecessor, Lt. Gov. John Garamendi, of proposing regulation changes that will weaken consumer protections. The latest dispute involves Poizner’s proposal to roll back regulations …
Standard & Poor’s Ratings Services has revised its outlook on the Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to stable from positive. S&P also affirmed the assessment of ‘2’ (high dependency). “The outlook revision reflects the recent …
Standard & Poor’s Ratings Services has lowered to ‘A-‘ from ‘A’ its long-term counterparty credit and insurer financial strength ratings on German life insurer Nuernberger Lebensversicherung AG and P/C insurer Nuernberger Allgemeine Versicherungs-AG, the core operating entities of Germany’s Nuernberger …
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Standard & Poor’s Ratings Services said today that media reports of a possible merger among Mitsui Sumitomo Insurance Group Holdings Inc., the holding company of Mitsui Sumitomo Insurance Co. Ltd. (MSI) ( AA/Stable/A-1+), Aioi Insurance Co. Ltd. (A+/Stable/–), and Nissay …
Japan’s Mitsui Sumitomo Insurance Group Holdings Inc, Aioi Insurance Co and Nissay Dowa General Insurance Co are in talks to merge, a company source said, in a move that would create the country’s largest non-life insurer. Traders snatched up shares …
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the key life/health (Hartford Life) and property/casualty (Hartford Insurance Pool) insurance subsidiaries …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the ICR and senior debt ratings …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Bermuda-based Starr Insurance & Reinsurance Limited (SIRL), an indirect wholly owned subsidiary of Panama-based Starr International Company, Inc. (SICO), a …
