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 …
Hull & Co., McFall General Hull & Co. Inc. has acquired the assets of McFall General Agency Inc., which has offices in Portland, Ore., and Gig Harbor, Wash. Bob McFall, who founded MGA in 1981 and serves as president, will …
Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & Poor’s Ratings Services. An article recently published by S&P, “2008 U.S. Commercial Lines …
One out of every 10 Arkansans belong to a family that will spend more than 25 percent of their pretax earnings on out-of-pocket medical expenses next year, a new study shows. The study by Families USA, a nonprofit, nonpartisan group …
A report from Standard & Poor’s Ratings Services concludes that Japan’s top nine non-life insurers recorded ¥173 billion ($1.575 billion) in interim net profits for the first half of fiscal 2007 (ended Sept. 30, 2007), representing a year-on-year increase of …
Standard & Poor’s Ratings Services has issued a report, noting the 2008 outlook for the North American property/casualty insurance, life, health, and reinsurance sectors are stable due to several years of strong earnings, improved levels of capital adequacy, ample liquidity, …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on France-based insurer MMA IARD Assurances Mutuelle (MMA IARD) to ‘A’ from ‘A-‘. S&P also raised its insurer financial strength rating on MMA’s guaranteed …
Standard & Poor’s Ratings Services reacted to Swiss Re’s announcement that it was writing down CHF1.2 billion ($1 billion) (See IJ web site Nov. 19) with a show of support. S&P said its counterparty credit and insurer financial strength ratings …
Japan’s Millea Group – Tokio Marine, Nichido and Nissin Fire – increased its profit forecasts for the fiscal year ending March 2008 by Yen 7.7 billion ($70 million), despite some exposure to subprime loans (SPL’s). The Group said it’s “risk …
A.M. Best Co. announced several actions affecting the ratings of the Bermuda-based White Mountains Insurance Group, Ltd., affirming the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries, including the FSRs of ‘A’ (Excellent) and the ICRs …
