A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B+’ (Good) from ‘B++’ (Good) and issuer credit rating (ICR) to “bbb-” from “bbb” for Omaha-based Cooperative Mutual Insurance Company, and has revised its outlook on both ratings to …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited (AIL) (Bermuda). Best also affirmed the ICR of “bbb” …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Swiss Reinsurance Company and its subsidiaries. However, Best also announced that it has revised its …
Standard & Poor’s Ratings Services has placed its ‘A-‘ counterparty credit ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc., on CreditWatch with negative implications. S&P has also placed its ‘AA-‘ counterparty …
ACE Limited announced the following earnings guidance for the ACE Group of Companies for the full year 2009: — Operating Income per Diluted Share is expected to range between $7.25 and $8.25 — Catastrophe Losses included in our estimated earnings …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Allianz Global Corporate & Specialty, North America, which consists of Allianz Global Risks …
Standard & Poor’s Ratings Services today said it lowered its counterparty credit and financial strength ratings on American National Insurance Co. (ANICO) and its core subsidiaries, American National Life Insurance Co. of Texas, American National Property & Casualty Co., and …
The U.S. property/casualty insurance industry is enduring tremendous challenges in 2008 as underwriting and investment losses have promoted a sharp decline in earnings and a material reduction in industry capital. Next year doesn’t look to be much better. Rating firm …
French bank BNP Paribas said it has called off its plan to buy a stake in Belgium’s Fortis, after the Brussels Court of Appeal decided to suspend the transaction for 65 days. [See IJ web site – https://www.insurancejournal.com/news/international/2008/12/16/96333.htm and https://www.insurancejournal.com/news/international/2008/12/15/96289.htm]. …
Standard & Poor’s Ratings Services has revised its outlook on White Mountains Insurance Group Ltd. (WTM), OneBeacon Insurance Group Ltd. (OB), and the members of OneBeacon Insurance Group (OneBeacon) to negative from stable. S&P also affirmed its ‘BBB’ counterparty credit …
