A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Beazley Insurance Company, Inc. (BICI) of Farmington, Conn. with stable outlooks. Best noted that the “ratings reflect the significant …
Investors are wondering if Warren Buffett has lost his touch. They are bailing out of Berkshire Hathaway Inc stock and have lost some confidence that the insurance and investment company, run by one of the world’s most admired investors since …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on South Africa-based non-life reinsurer Hannover Reinsurance Africa Ltd. to ‘A’ from ‘BBB+’. The outlook is stable. “The upgrade reflects our revised view of …
Standard & Poor’s Ratings Services has revised to negative from stable its outlook on Atradius Credit Insurance N.V., Atradius Reinsurance Ltd., Atradius Trade Credit Insurance Inc., and Compañía Española de Seguros y Reaseguros de Crédito y Caución S.A.–the core operating …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Rockhill Insurance Group and its four pool members led by Arizona-based Rockhill Insurance Company (RIC). The outlook for all …
Both A.M. Best Co. and Standard & Poor’s Ratings Services have affirmed their respective ratings on the State Auto Group of Companies, which are in turn the operating divisions of State Auto Financial Corporation. Best said its financial strength rating …
State Automobile Mutual Insurance Company has announced that it has agreed to acquire Rockhill Insurance Group of Kansas City, Mo. Closing is expected in the first quarter of 2009, subject to approval by regulatory authorities. Rockhill Insurance Group, which has …
A Maine man has been awarded nearly $5 million in damages for injuries he sustained six years ago in an electrical accident at a Penobscot boatyard. Bryan Smith, now 24 and formerly from Bucksport, was operating a crane to move …
American International Group Inc., the insurer getting a $152 billion federal bailout, in a regulatory filing late on Tuesday disclosed it would pay roughly $3 million to several executives under deferred compensation plans that are being terminated. AIG said last …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TIC). The outlook for both ratings remains stable. Best said: “The ratings continue to reflect …
