After a hearing held on Friday in the Supreme Court of Bermuda, an order has been filed that sanctions th...
Clear Blue ratings off negative watch. Some uncertainty from Vesttoo fraud remains
The financial strength ratings of fronting specialist Clear Blue Insurance Insurance Group have been removed from negative watch by AM Best, but the...
The financial strength ratings of fronting specialist Clear Blue Insurance Insurance Group have been removed from negative watch by AM Best, but the...
Article / 4 months ago
Arch cancels $1.7bn of Bellemeade ILS as S&P rating change erodes capital relief
Arch Capital Group has cancelled a number of its Bellemeade Re mortgage insurance-linked securities (ILS) arrangements with their notes set to be...
Arch Capital Group has cancelled a number of its Bellemeade Re mortgage insurance-linked securities (ILS) arrangements with their notes set to be...
Article / 4 months ago
AM Best to review fronting collateral in light of Vesttoo news
Rating agency AM Best has said that it will review the collateral arrangements of all fronting companies that it provides ratings for, in light of...
Rating agency AM Best has said that it will review the collateral arrangements of all fronting companies that it provides ratings for, in light of...
Article / 8 months ago
Clear Blue: No material rating impact from Vesttoo issue. Reinsurance may be required
Program fronting specialist Clear Blue Insurance Group has stated that while it does not expect a material impact to its ratings from the ramification...
Program fronting specialist Clear Blue Insurance Group has stated that while it does not expect a material impact to its ratings from the ramification...
Article / 8 months ago
Demotech has “extremely limited appetite” to rate more Florida carriers: Petrelli
According to Joseph Petrelli, President and Co-Founder of rating agency Demotech, the company has taken a decision that could see it declining to...
According to Joseph Petrelli, President and Co-Founder of rating agency Demotech, the company has taken a decision that could see it declining to...
Article / 1 year ago
Alternative reinsurance capital could be more relevant than ever: S&P
Alternative capital could be “more relevant than ever” in the global reinsurance industry and has a chance to grow, at a time when reinsurers are...
Alternative capital could be “more relevant than ever” in the global reinsurance industry and has a chance to grow, at a time when reinsurers are...
Article / 2 years ago
Florida seeks rating scapegoat for its property insurance problems
Lawmakers in Florida are pushing for a new rating agency, or alternative of some description, to come into the state and measure insurance carrier...
Lawmakers in Florida are pushing for a new rating agency, or alternative of some description, to come into the state and measure insurance carrier...
Article / 2 years ago
Weston Insurance heads for insolvency following rating downgrade
Having had its rating withdrawn recently, Florida focused property insurance carrier Weston Property & Casualty Company is now heading for insolvency...
Having had its rating withdrawn recently, Florida focused property insurance carrier Weston Property & Casualty Company is now heading for insolvency...
Article / 2 years ago
Demotech "not the problem", reported an "inconvenient truth" - Applied’s Menzies
As a rating agency and scorekeeper of record for insurance carrier financial stability, Demotech is not the problem in the challenged insurance markets,
As a rating agency and scorekeeper of record for insurance carrier financial stability, Demotech is not the problem in the challenged insurance markets,
Article / 2 years ago
Demotech downgrades UPC, withdraws FedNat & Weston ratings, affirms others
The awaited changes to ratings of property insurance carriers with a Florida focus by rating agency Demotech have begun, with United Property...
The awaited changes to ratings of property insurance carriers with a Florida focus by rating agency Demotech have begun, with United Property...
Article / 2 years ago