France Tries to Calm Britain’s Angst over Regulation Threats
France tried to reassure Britain on Thursday that its push for tougher financial regulation in the European Union would not undermine the City of London, saying new rules would not hurt anyone …
Best Affirms Harbor Point Re and U.S. Subsidiary ‘A’ Ratings
A.M. Best Co. has affirmed the financial strength rating
House Committee Passes Federal Insurance Office Act
The U.S. House Financial Services Committee has passed a measure to create a scaled-back federal office that would be a national insurance information agency with some authority in the area of …
Best Upgrades SGI CANADA and Subsidiaries to ‘A-’
A.M. Best Co.
Ratings Recap: BNY Trade, Qatar General
A.M.
Aon, Chubb Warn Isle of Man Directors on Possible Coverage Gaps
Aon and Chubb Corp. have advised Isle of Man directors that they “may need to go beyond simply complying with new Financial Services Commission (FSC) regulations on insurance to prevent gaps in …
Ratings Roundup: Bison, Queen’s Island
A.M. Best Co
Best Affirms Balboa and Group Members ‘A’ Ratings
A.M. Best Co
Best Affirms Ratings Flagstone Re Africa’s ‘A-’ Ratings; Outlook Stable
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reinsurance Africa Limited, both with stable …
Canada’s Sun Life Financial Considering U.S. Insurance Acquisitions
Canada's Sun Life Financial Inc. said Thursday it is seeking acquisitions to expand its U.S
Aschenbrenner to Retire as Principal Financial Group Division President
Des Moines, Iowa-based Principal Financial Group announced that John Aschenbrenner, president of its insurance and financial services division, will retire at the end of 2009 after more than 37 …
Ratings Recap: Dongbu, China Taiping, Malaysian Re
A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of “a” of South Korea's Dongbu Insurance Company, Ltd., both with stable outlooks.
Insurance Associations Concerned on Financial Stability Improvement Act
In an open letter addressed to Barney Frank, the Chairman
Aon UK Names Allen New CFO
Aon Limited, the UK division of Aon, has appointed Simon Allen as chief operating officer,
Ratings Recap: Sunderland Marine, ZEP-RE
A.M. Best Co
Phenix Mutual Upgraded
A.M. Best has upgraded the ratings of New Hampshire-based insurer Phenix Mutual Fire Insurance Co. Best Co
Ratings Recap: Tokio Millennium Re, Nissan Global, Asia Capital, ACRe
A.M.
Ratings Recap: Royal Star, East Africa Re, Bahamas First, New Technology, Connaught
A.M.
Ratings Recap: Arbella, Wayne Mutual, Arrowhead, Unique, Oswego County
A.M.
CNA Appoints Rutkowski Senior Vice President, Commercial
CNA Financial Corp.
Montana Insurance Commissioner Announces Fraud Settlement
LPL Financial Corporation (LPL) will pay nearly $1.3 million in restitution to Montana investors and a fine of $150,000 to the State of Montana under a settlement announced today by Monica …
Ratings Recap: Beazley (US), Prism
A.M. Best Co.
Ratings Roundup: Misr, Kenya Re, Alliance, Aurigen
A.M. Best Co. has downgraded the financial strength rating to 'B++' (Good) from 'A-' (Excellent) and the issuer credit rating to “bbb+” from “a-” of Egypt's Misr Insurance Company, and has revised …
House Panel Advances Bill on Credit Rating Agency Liability
Credit rating agencies would be more tightly regulated and more exposed to lawsuits under legislation approved Wednesday by the U.S. House Financial Services Committee.
Best Affirms Allianz Global Corporate and Specialty ‘A+’ Ratings
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and the issuer credit rating (ICR) of “aa” of Germany's Allianz Global Corporate & Specialty AG (AGCS AG).
Colorado’s IMA Financial Hires Executive
The IMA Financial Group, Inc., a diversified financial services company specializing in insurance, asset and risk management with 450 employees and offices in seven markets across the nation, …
Ratings Roundup: MAPFRE Florida, Selective (stock/debt)
A.M.
State Auto’s Net Income Up, Combined Rato Down in Q3 2009
Columbus, Ohio-based State Auto Financial Corporation reported third quarter 2009 net income of $13.0 million, or $0.33 per diluted share, versus a net loss of $14.7 million, or $0.37 per diluted …
Best Affirms Flagstone Re’s Ratings
A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA and the ICR of “bbb-” of Bermuda-based …
Prince Joins IMA of Texas as Director of Client Services
The IMA Financial Group Inc., a diversified financial services company specializing in insurance, asset and risk management with 450 employees and offices in seven markets across the nation, …
