A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Mercer Insurance Group of Pennington, NJ. The ratings apply to the following four inter-company reinsurance pool members: Mercer Insurance Company …
Standard & Poor’s Ratings Services has lowered its financial strength rating on Channel Reinsurance Ltd. to ‘AA’ from ‘AAA’, removed the rating from CreditWatch with negative implications and assigned a negative outlook. “The downgrade reflects the fact that, in our …
U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a Standard & Poor’s Ratings Services conference this week. “We’re sitting in an environment where we have way …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Travelers Insurance Companies and its P/C members. Best also affirmed the debt ratings of “a-” on senior debt, “bbb+” …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its wholly owned subsidiary, the UK-based TT Club Mutual Insurance …
When does the business interruption restoration period begin? A typical business interruption policy limits the period of time for which an insured can recover to the so-called “restoration period.” The applicable period is primarily determined by the terms and conditions …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance Company of Huntington, W.Va. with stable outlooks. “The ratings reflect Safe’s strong …
Areté Partners Ronald J. Leston, broker, financial planner and benefits/retirement consultant, announced the launch of Areté Partners LLC, a Denver-based management and human capital consultancy that will offer insurance brokerage, benefits consulting and financial services to clients in North, Central …
Part 2: Soft Market Benefits of Risk Sharing Extend Beyond Potential for Increased Profits Editor’s Note: The following is part two of a discussion of the risk retention options available to managing general agents, the variables which may affect their …
Marsh has released a “benchmarking” report examining the use of captive insurance companies by power and utility companies in four regions: the US; Europe, the Middle East and Africa (EMEA); and, Asia Pacific. Marsh said its report – Power and …
