Since January the rating agencies have become increasingly negative on their outlook for ratings in the reinsurance sector overall, while in practice affirming or even increasing individual reinsurer* ratings. Standard and Poor’s move to take Lloyd’s rating outlook down from …
Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this year from about …
Wholesale broker Northeast National Brokerage LLC has launched an underwriting facility, registered at Lloyd’s, that specializes in excess liability for the petroleum distribution industry. Available across the continental United States, the program offers $5 million in capacity for both lead …
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 510 (United Kingdom), which is managed by RJ Kiln & Co. Limited (RJ Kiln). The outlook for both ratings …
Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London. Lloyd’s support for this comes from Amlin, Chaucer, Catlin, Hiscox, …
A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance company’s debt, including A.M. Best’s approach to …
ACE Group has launched ACE 2488 Global D&O, an enhanced global directors & officers (D&O) liability insurance proposition for multinational organizations. Adding Lloyd’s coverage through ACE Syndicate 2488 to its existing suite of D&O products enables ACE to provide protection …
Secure Settlements, Inc. (SSI),a data intelligence and risk analytics company for the mortgage industry, has partnered with RFIB Group Ltd. and certain underwriters at Lloyd’s of London to offer a new product that will insure lenders utilizing SSI’s ClosingGuard service …
Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The confusion is primarily the result of the …
Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade. Much of the blame for these …
