Texas Mutual Insurance Company reported $684,997 in dividends to the National Federation of Independent Business (NFIB) workers’ compensation purchasing groups. The dividends were based largely on the groups’ overall loss ratios. The largest dividend went to the NFIB wholesale/retail group, …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on the main operating entities of The Royal & Sun Alliance Insurance Group PLC (RSA) to ‘A’ from ‘A-‘. The outlook on all of …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Swiss-based Zurich Financial Services Group (ZFS) and its subsidiaries. …
Standard & Poor’s Ratings Services has revised its outlook on Bond Safeguard Insurance Co. and Lexon Insurance Co. to negative from stable. S&P also affirmed its ‘BBB-‘ counterparty credit and financial strength ratings on these companies. “The outlook revision reflects …
A 52-year-old New Hampshire man has pleaded guilty to theft in a workers’ compensation case. Attorney General Kelly Ayotte says Philip Rice of Derry was sentenced to serve six months in jail with the sentence suspended for three years if …
Standard & Poor’s Ratings Services has raised its long-term local currency counterparty credit and insurer financial strength ratings on Thai Reinsurance Public Co. Ltd. (Thai Re) to ‘A-‘ from ‘BBB+’ and assigned a stable outlook. “This upgrade reflects the company’s …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB-‘ from ‘BBB’ as well as its short-term debt rating on MMC to ‘A-3’ from ‘A-2’. S&P also removed the ratings from …
A.M. Best Co. has assigned issuer credit ratings (ICR) of “bb-” and affirmed the financial strength rating (FSR) of ‘B-‘ (Fair) of Long Beach Calif.-based DHC Group and its members. The outlook for both of the ratings is stable. Best …
A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of China Insurance (NZ) Company Limited of New Zealand with a stable outlook. The ratings reflect China Insurance’s improved capitalization, …
Despite a soft property and casualty (P/C) insurance market, the top 100 banks in insurance made substantial gains in the past year, says a new report distributed by the Bank Insurance & Securities Association The Who’s Who in Bank Insurance …
