London wholesaler Miller has raided Ardonagh Specialty’s Price Forbes for a nine-person casualty unit led...
Reinsurers implement “escalation clause” to limit exposure to Middle East conflict
Reinsurance recoveries related to hostilities in the Middle East could be limited by a conflict “escalation clause” introduced in certain specialty treaties at 1 January,...
Reinsurance recoveries related to hostilities in the Middle East could be limited by a conflict “escalation clause” introduced in certain specialty treaties at 1 January,...
Article / 10 days ago
AM Best downgrades State Farm General to B on policyholder surplus deterioration
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
AM Best has downgraded the financial strength rating to B (Fair) from A (Excellent) of State Farm General Insurance Company, the unit of the personal lines giant...
Article / 1 month ago
AM Best downgrades 777 Re's credit ratings
Bermuda-based 777 Re, the Bermuda-based reinsurance entity of investment firm 777 Partners, has had its financial strength rating downgraded to C- from B by AM Best....
Bermuda-based 777 Re, the Bermuda-based reinsurance entity of investment firm 777 Partners, has had its financial strength rating downgraded to C- from B by AM Best....
Article / 2 months ago
GuideOne ratings lose AM Best under negative review status after Bain deal
GuideOne's financial strength rating (FSR) of A- from AM Best is no longer under review with negative implications in the wake of the West Des...
GuideOne's financial strength rating (FSR) of A- from AM Best is no longer under review with negative implications in the wake of the West Des...
Article / 3 months ago
AM Best takes Canopius' US and Bermuda subsidiaries off negative outlook
AM Best has revised the outlooks to stable from negative on the A- financial strength and “a-” long-term issuer credit ratings of Canopius US...
AM Best has revised the outlooks to stable from negative on the A- financial strength and “a-” long-term issuer credit ratings of Canopius US...
Article / 3 months ago
Duperreault-led Mereo Insurance Limited gets A- preliminary assessment from AM Best
Bermuda-based reinsurance start-up Mereo Insurance Limited has secured a preliminary A- financial strength assessment and long-term issuer credit...
Bermuda-based reinsurance start-up Mereo Insurance Limited has secured a preliminary A- financial strength assessment and long-term issuer credit...
Article / 3 months ago
AM Best maintains stable outlook for Japan's non-life segment
AM Best has maintained its stable outlook for Japan's non-life insurance segment, driven by more profitable and stable underwriting performance in spite of recent...
AM Best has maintained its stable outlook for Japan's non-life insurance segment, driven by more profitable and stable underwriting performance in spite of recent...
Article / 3 months ago
AM Best upgrades AIG's ICR on improved P&C performance
The issuer credit ratings for AIG's property casualty units have been upgraded to “a+” from “a” by AM Best as a result of the “steady and...
The issuer credit ratings for AIG's property casualty units have been upgraded to “a+” from “a” by AM Best as a result of the “steady and...
Article / 3 months ago
S&P raises IAG's credit ratings to AA
S&P has raised the long-term financial strength and issuer credit ratings it holds for IAG's core entities to AA from AA-....
S&P has raised the long-term financial strength and issuer credit ratings it holds for IAG's core entities to AA from AA-....
Article / 5 months ago
AM Best revises Lancashire ICR outlook back to stable
AM Best has revised the outlook to stable from negative for Lancashire's long-term issuer credit rating (ICR) of a+ (Excellent), with its A (Excellent) financial strength rating's outlook...
AM Best has revised the outlook to stable from negative for Lancashire's long-term issuer credit rating (ICR) of a+ (Excellent), with its A (Excellent) financial strength rating's outlook...
Article / 5 months ago