AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of California Earthquake Authority. The outlook of the Long-Term ICR has been …
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Andrew Summers as credit and political risks underwriter. He will report to Jeremy Shallow, credit and political risks class underwriter, effective immediately. Summers joins ArgoGlobal from AIG …
MasterCard Inc., the world’s second largest debit and credit card company, said it is extending its zero liability policy in the United States to include all PIN-based and ATM transactions. Zero liability protection means the account holder will not be …
According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of 2012, moderating pricing pressures.” Guy Carp noted that, “although …
The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery, …
Standard & Poor’s reiterated Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. ‘AAA’ credit rating could be cut within three months, perhaps as …
Ironshore Inc. is broadening its relationship with Equinox Global Limited to extend additional underwriting capacity to its trade credit insurance market program. Ironshore will provide increased capacity on a facultative basis for all eligible territories to meet the growing insurance …
Standard & Poor’s Monday downgraded its credit outlook for the United States, citing a risk that policymakers may not reach agreement on a plan to slash the huge federal budget deficit. While the credit rating agency maintained the country’s top …
