A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from B (Fair) and issuer credit rating to bb- from bb of State Farm Florida Insurance Co., which is based in Winter Haven. The outlook for both ratings …
Austin, Texas-based medical liability insurance provider American Physicians Service Group Inc. reported revenues of $20.7 million for the three months ended June 30, 2010, compared to $20.1 million for the same period last year. For the six months ended June …
Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and …
MetLife Inc. said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally expected. The company …
Western National, Wisconsin American Western National Insurance Group has finalized its affiliation with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. Wisconsin American will continue to operate as a separate entity, with local management provided by James Herrick. …
Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and …
Hub International, Maple Leaf Insurance Chicago-based Hub International Ltd. announced that its Transportation Insurance operating unit acquired the retail book of business from Maple Leaf Insurance Agency Inc., a Bremerton, Wash.-based brokerage firm that serves trucking companies throughout the United …
A global accounting standard setter proposed a new rule for measuring insurers’ profitability on Friday, aiming to shine a light on a sector criticised by investors for being a “black box” that keeps them in the dark. The International Accounting …
French reinsurer SCOR had a very satisfactory second quarter with net income of €120 million ($156.75 million), compared to €91 million ($119 million) in the second quarter 2009, a 32 percent rise. The increase offset a difficult first quarter, with …
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the second quarter of 2010 of $108.9 million, or $1.28 per diluted share. Operating earnings, which excludes capital gains/losses, was up slightly at $104.9 million, or $1.23 per diluted …
