May 28, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Hiscox USA Group, and its lead member, Hiscox Insurance Company Inc. (HICI), based in Geneva, Illinois. Hiscox USA is …
May 28, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. and Montpelier US Insurance Company (MUSIC), which is based in Oklahoma City. Best also …
May 28, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Infinity Property & Casualty Group and its operating members. Best also affirmed the ICR of “bbb” and debt rating …
May 27, 2010
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb-” of Ironshore Inc. ,based in the Cayman Islands, and the financial strength rating of ‘A-‘ (Excellent) and ICRs of “a-” of its operating subsidiaries. These include Ironshore Insurance …
May 27, 2010
Maryland Insurance Commissioner Beth Sammis has suspended the license of Oklahoma-based Imperial Casualty and Indemnity Co., after a district court in its home state ordered the company liquidated. Oklahoma regulators moved to seize the workers’ compensation insurer in April, alleging …
May 26, 2010
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating to “a” from “a-” of Bermuda-based Hatherley Insurance Ltd., both with stable outlooks. The ratings reflect Hatherley’s “strong risk-adjusted capitalization, excellent …
May 26, 2010
A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of United Educators Insurance, a Vermont-based Reciprocal Risk Retention Group (UE), with stable outlooks. The ratings reflect …
May 24, 2010
Standard & Poor’s Ratings Services has revised its outlook on German reinsurer Hannover Rueckversicherung AG (Hannover Re) and on various operating entities to stable from negative. S&P also affirmed the ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on …
May 24, 2010
Based on what are so far only preliminary estimates, Standard & Poor’s Ratings Services said it expects insured losses from the oil spill in the Gulf of Mexico “to be significantly less and be spread among multiple markets and re/insurers.” …
May 24, 2010
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of New York-based AXA Insurance Company. Best has also affirmed the FSR of ‘B++’ (Good) …