prior year reserve development News

A.M. Best has downgraded the financial strength ratings (FSR) to ‘C++’ (Marginal) from ‘B’ (Fair) and issuer credit ratings (ICR) to “b” from “bb” of the pooled and reinsured members of the Tower US Pool and Bermuda-based CastlePoint Reinsurance Company, …

The latest edition of the Aon Benfield Aggregate (ABA) report estimates that global reinsurer capital totaled $540 billion as of December 31, 2013, an increase of 7 percent ($35 billion) over the year, with net income up 16 percent to …