A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agencies Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL). The …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Swiss-based Infrassure Ltd. and its affiliate, Infrassure Ltd., Vaduz, which is based in Liechtenstein. The outlook for all of the …
Insurer Aviva PLC said Monday it rejected a £5 billion ($7.8 billion) cash offer from rival RSA Insurance Group PLC for some of its general insurance businesses because the deal wasn’t in the best interest of shareholders. Aviva, Britain’s leading …
Why is agency growth important? Agents and brokers are faced with a continued economic downturn combined with sustained soft market conditions; insurance companies continue to tier agents based on future growth; acquisitions are costly; expense cuts are short-term profit enhancing …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A., but bothratings have negative outlooks. The ratings reflect MAPFRE RE’s “integral role” within the …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI), both with stable outlooks. Best said it anticipates an improvement in SMMI’s …
Following the announcement of Hallmark Insurance Co.’s proposed acquisition of State Auto National Insurance Co., A.M. Best Co. has commented that the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Hallmark Insurance Group of …
A.M. Best has affirmed Los Angeles-based Topa Insurance Co.’s credit rating of A- (Excellent) with a stable outlook. According to the rating agency, the stable rating is based on the consolidated operating performance and financial condition of Topa and its …
Why is agency growth important? Agents and brokers are faced with a continued economic downturn combined with sustained soft market conditions; insurance companies continue to tier agents based on future growth; acquisitions are costly; expense cuts are short-term profit enhancing …
Agency Leadership Must Assure that Sales Force Does Not Shoulder New Business Production Alone Why is agency growth important? Agents and brokers are faced with a continued economic downturn combined with sustained soft market conditions; insurance companies continue to tier …
