Ltd News

Ratings Recap: AEGIS, Lloyd’s Syndicate 1225, PaCRe

A.M. Best has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and has revised its outlook on both …

Ratings Roundup: Toa Re, GeoVera, Argus Group

A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa-” of The Toa Reinsurance Company Limited, based in Japan, and its subsidiary, The Toa Reinsurance Company of America (TRA),headquartered in Morristown, New Jersey. …

Ratings Recap: Frankenmuth, Sooner, Tokio Marine America, Kingstone, Canopius U.S., HDI-Gerling America

A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company, Patriot Insurance Company, based in Yarmouth Maine, ASure Worldwide …

Validus Reports Q1 Net Income of $162.4 million

Bermuda-based Validus Holdings, Ltd. Reported net income available to Validus for the three months ended March 31, 2014 of $162.4 million, or $1.66 per diluted common share, compared to $223.2 million, or $1.90 per diluted common share, for the three …

Best Places S.A.C. Re Ratings under Review/Negative

A.M. Best Co. has placed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based S.A.C. Re, Ltd. under review with negative implications. Best explained that the rating actions reflect its “concern with the business …