A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated subsidiaries. Best also affirmed the “a” ratings of the €1.5 billion …
Standard & Poor’s Rating Services has issued a series of reports on the global reinsurance industry, timed to appear as the annual Reinsurance Rendezvous opens its doors in Monte Carlo. The meeting, which features three days of talking, networking, deal …
The Bermuda – based Catlin Group Limited announced from its London offices that income before tax for the first half of 2007 was $190 million after acquisition effects. Net income was $162 million. The earnings announcement cited the following highlights: …
A.M. Best Co. has downgraded the its Syndicate Rating to “A” (Excellent) from “A+” (Superior) and the issuer credit rating (ICR) to “a+” from “aa-” of Lloyd’s Syndicate 1414, which is managed by Ascot Underwriting Limited (AUL). The outlook for …
Struggling auto parts maker Delphi Corp. announced on Friday, Aug. 31 that there is a settlement of lawsuits by investors who have accused the company’s former managers of fraud. The plaintiffs, including about 40,000 current and former employees and several …
The California Supreme Court has ruled that incentive compensation plans, calculated on profits, can subtract out costs for workers’ compensation costs from profits, even if it discourages employees from reporting workplace injuries. In Eddy Korkiat Prachasaisoradej v. Ralphs Grocery Co. …
Many in the financial industry are speculating what could happen to insurance companies as a result of the subprime mortgage mess, but the truth is it may be too soon to tell. One of the hardest-hit companies, Countrywide Financial Corp., …
An analysis of the campaign to advance federal regulation of insurance As professional insurance agents, we might in a quirky way consider ourselves flattered that there are never-ending attempts to take our business away from us. If we weren’t so …
Many in the financial industry are speculating what could happen to insurance companies as a result of the subprime mortgage mess, but the truth is it may be too soon to tell. One of the hardest-hit lenders, Countrywide Financial Corp. …
Many in the financial industry are speculating what could happen to insurance companies as a result of the subprime mortgage mess, but the truth is it may be too soon to tell. One of the hardest-hit lenders, Countrywide Financial Corp. …
