reinsurance agreement News

Texas Court Denies Insurer’s Reinsurance Tax Break Argument

A Texas appeals court has ruled that an insurer can’t recoup premium taxes reluctantly paid on reinsurance agreements with two public employee self-insured risk pools on the grounds that the risk pools aren’t insurers. In a case appealed from a …

S&P Raises Liberty Mutual’s Ratings; Outlook Revised to Stable on NICO Deal

Standard & Poor’s Ratings Services announced that it has raised its ratings on Liberty Mutual Insurance Co. to ‘A/A-1’ from ‘A-/A-2’, as well as its ratings on parent company Liberty Mutual Group Inc. to ‘BBB’ from ‘BBB-‘, and its ratings …