A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL), both with stable outlooks. LGI and LGL are …
Standard & Poor’s Ratings Services is keeping its ‘A’ counterparty credit and financial strength ratings on Reserve National Insurance Co. on CreditWatch with negative implications. “We had placed these ratings on CreditWatch negative after Unitrin Inc. announced that it had …
The Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2010 first quarter was $210.5 million, or $3.79 per share, compared to $139.9 million, or $2.24 per share, for the 2009 first quarter. The …
Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to raise rates 14.9 percent on some …
Pennsylvania-based Harleysville Insurance Group posted an $8.1 million profit in the first quarter – a drop compared with the $17.3 million it made in the year-ago quarter, but enough to earn an upgraded rating from A.M. Best. Catastrophe losses were …
National Interstate Corp., headquartered in Richfield, Ohio, announced that its principal insurance subsidiary, National Interstate Insurance Co., will acquire Fenton, Mo.-based Vanliner Insurance Co., a subsidiary of UniGroup Inc. Vanliner provides insurance for the moving and storage industry. Under the …
Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first quarter 2010 financial results during a conference call and Web cast Thursday, May 6, 2010, at 10:30 …
Peoria, Ill.-based property and casualty insurance company, RLI Corp., reported first quarter 2010 operating earnings of $20 million compared to $22.5 million for the first quarter of 2009. The company had an underwriting income of $12.7 million and a combined …
Ratings agency A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Missouri Employers Mutual Insurance Company (MEM) of Columbia, Mo. The revised …
Catastrophe bond issuance conditions saw sustained improvement in the first quarter of 2010, reflecting the increase in prominence of the insurance linked securities (ILS) asset class. Despite the continued improvement in market conditions, however, catastrophe bond issuance relative to the …
