Potential climate change is the greatest strategic risk currently facing the property/casualty insurance industry, with demographic changes taking priority for the life insurance industry, according to a new study by Ernst & Young. Climate change is closely followed by demographic …
Standard & Poor’s Ratings Services has placed its counterparty credit and financial strength ratings on Canada’s Fairfax Financial Holdings Ltd. (FFH), FFH’s operating insurance companies (collectively, Fairfax), and Crum & Forster Holdings Corp. on CreditWatch with positive implications (for rating …
Standard & Poor’s Ratings Services has revised its outlook on Cunningham Lindsey Group Inc. (LIN) to stable from negative. S&P also affirmed its ‘B-‘ counterparty credit rating on LIN. The actions coincide with S&P’s revision of its outlook on LIN’s …
As indicated in the previous article (See above), A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of the core life/health subsidiaries of Nationwide Financial Services, Inc. (NFS). …
Fitch Ratings has downgraded CIFG to ‘AA-‘ from ‘AAA’ and kept the ratings on Rating Watch Negative. The downgrade affects the Insurer Financial Strength (IFS) ratings for CIFG Guaranty and affiliates – CIFG Guaranty; CIFG Assurance North America, Inc.; CIFG …
The Party’s Over “That party is over. … It’s a certainty that insurance industry profit margins, including ours, will fall significantly in 2008. Prices are down, and exposures inexorably rise … So be prepared for lower insurance earnings during the …
Arthur J. Gallagher, Taylor Benefits Arthur J. Gallagher & Co. has acquired Utah-based Taylor Benefits. Terms of the transaction were not disclosed. Established in 1996, Taylor Benefits offers employee benefit consultation and brokerage services for their Western clients. They specialize …
For many in the coastal town of Cordova, Alaska, the 1989 Exxon Valdez disaster was an event so crushing that hard-bitten fishermen still get teary-eyed recalling ruined livelihoods, broken marriages and suicides. But mostly, people in Cordova talk about the …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on Alleghany Corp. by one notch to ‘BBB’ from ‘BBB+’ and assigned a stable outlook. “We lowered the rating because we believe Alleghany increasingly resembles a …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Liberty Insurance Holdings and their members. All of the companies are subsidiaries of Liberty …
