American Financial Group News

Chubb, Assurance, American Financial Tops in P/C Insurer Performance: Fitch Rating

Niche property/casualty insurer Assurant Inc., diversified multi-line writer The Chubb Corp. and specialty commercial lines insurer American Financial Group Inc. are ranked the top three performers over the most recent five-year period in a Fitch Rating report. The statutory financial …

Great American Insurance to Acquire National Interstate Corporation

National Interstate Corp. (National Interstate), based in Richfield, Ohio, announced it has agreed to be acquired by Great American Insurance Co. (Great American), a wholly-owned subsidiary of American Financial Group Inc. (AFG). Under the terms of the agreement, Great American …

Marketform Rebrands as ‘Neon’ After Completing Strategic Review

Marketform, the specialist Lloyd’s insurer, announced that the group has today re-launched as “Neon.” The re-launch coincides with the completion of a strategic review of the business, as CEO Martin Reith and the group’s new leadership team continue to progress …

Marketform Committed to All Current Underwriting Lines After Strategic Review

Specialist Lloyd’s underwriter Marketform has confirmed its commitment to all its current underwriting lines after completing a strategic review. These remaining lines are: accident & health, travel; bloodstock & livestock; cargo; financial lines; marine & energy liability; marine hull & …

Update: Lloyd’s Underwriter Marketform Sells UK Med Mal Businesses to Beazley

Specialist Lloyd’s underwriter Marketform announced it has sold its UK Open Market Medical Malpractice and UK / International Delegated Authority Insurance businesses to Beazley. The team being transferred is led by Alex Wakeley, a Marketform veteran of more than 20 …

Marketform Exits International Med Mal, Transfers Business to Dale Underwriting

Specialist Lloyd’s underwriter Marketform announced it has transferred its international medical malpractice insurance business to Dale Underwriting Partners, the Lloyd’s licensed underwriter. Marketform said the decision follows a comprehensive review of the business line, and Marketform immediately will cease to …

Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business

Specialist Lloyd’s underwriter Marketform announced it no longer will write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of Marketform’s general liability account. “Alongside its shareholder, American Financial Group, …

Reith to Join Marketform Managing Agency as Chief Executive Officer

American Financial Group Inc.* announced that Martin Reith has been appointed chief executive officer of Marketform Managing Agency, which operates Syndicate 2468 at Lloyd’s of London, effective November 2015. Reith has over 25 years’ experience across underwriting, management and leadership. …

Best Upgrades American Financial Group and Affiliates Ratings

A.M. Best has upgraded the issuer credit rating (ICR) to “a-” from “bbb+” and the debt ratings of American Financial Group, Inc. (AFG). Best has also upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from A (Excellent) and the …