A.M. Best Co. has upgraded the financial strength rating to “B++” (Good) from “B+” (Good) and the issuer credit rating to “bbb” from “bbb-” of Hong Kong’s Tugu Insurance Company Limited, and assigned a stable outlook. Best indicated that the …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Mercury Casualty Co. (Mercury Casualty), Mercury Insurance Co. (Mercury Insurance), and its financial strength rating on Mercury Insurance Co. of Florida, to ‘AA-‘ from ‘AA.’ …
While its outlook remains stable, Standard & Poor’s Ratings Services lowered Alfa Insurance Group’s credit and financial strength ratings to ‘A+’ from ‘AA-‘. Alfa is the second-largest personal automobile and homeowners insurance writer in Alabama based on premiums written. Standard …
Bermuda’s Allied World Assurance Company Holdings, Ltd. reported net income of $113.9 million, or $1.83 per diluted share, for the first quarter of 2007 compared to net income of $98.1 million, or $1.94 per diluted share, for the first quarter …
Bermuda-based Flagstone Reinsurance Holdings Limited announced that it will release its results for the first quarter of 2007 prior to the opening of market on Thursday, May 10, 2007. The Company will hold an investment community conference call on Thursday, …
The Bermuda-based Max Capital Group Ltd. reported net income for the three months ended March 31, 2007, of $80.0 million, or $1.24 per diluted share, compared to net income of $75.3 million, or $1.19 per diluted share, for the three …
Bermuda’s embattled PXRE Group Ltd. announced a net loss – before convertible preferred share dividends – of $7.2 million for the first quarter of 2007 compared to net income – before convertible preferred share dividends – of $41.6 million for …
In its first quarter as a public company (See IJ web site March 26) CastlePoint Holdings, reported net income for the first quarter of 2007 of approximately $7.1 million, or diluted earnings per share of $0.23 for the first quarter …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ senior debt rating to XL Capital Ltd.’s proposed $325 million senior notes due May 15, 2027. At the same time, Standard & Poor’s affirmed its ‘A-‘ counterparty credit ratings on XL …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. “The ratings of HSBC Insurance reflect its consistently profitable underwriting …
