Standard & Poor’s has affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on leading global reinsurer, Munich Reinsurance Co. (MRC) and all core reinsurance members of the Munich Reinsurance group, as well as the core members of …
New York State Insurance Department Superintendent Gregory V. Serio along with Queens District Attorney Richard A. Brown, New York City Police Department Bernard B. Kerik, and New York State Worker’s Compensation Board Inspector General John Burgher announced the arrest of …
There are many different ways to market your service, which include all forms of advertising, direct mail, telemarketing, referral programs, sponsorships, and logo/image development. Regardless of the methodology, repetition and persistence will always be key factors. While great commercials and …
Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh Group of Montvale, N.J., and Sarasota, Fla., …
Standard & Poor’s has affirmed all outstanding interactive ratings on Lumbermens Mutual Casualty Cos. (the Kemper Insurance Cos., collectively Kemper). The outlook is stable. Kemper occupies a strong business position as one of the top five players in the workers’ …
Standard & Poor’s has withdrawn its “A” counterparty credit and financial strength ratings on Philadelphia Insurance Co. and Philadelphia Indemnity Insurance Co., members of the Philadelphia Insurance group of companies. The ratings were withdrawn at the company’s request. The Prior …
Standard & Poor’s has removed from Credit Watch and lowered its counter party credit and financial strength ratings on Star Insurance Co. and its wholly-owned subsidiary, Savers Property & Casualty Insurance Co.—collectively known as Meadowbrook Insurance Group (Meadowbrook)—to “BB+” from …
The “A” (Excellent) financial strength rating of Steamship Mutual Underwriting Association (Bermuda), Limited has been affirmed by A.M. Best Co. The rating action reflects the maintenance of the club’s leading position within the International Group and the P&I industry, strong …
The financial strength rating of The PHICO Group, Mechanicsburg, Pa., has been downgraded to “B” (Fair) from “B++” (Very Good) with a negative outlook by A.M. Best Co. This rating action applies to the group’s three pool members, led by …
HCC Insurance Holdings recently received affirmation of Standard & Poor’s “A” counterparty credit rating on HCC Insurance Holdings and “AA” counterparty credit and financial strength ratings on three subsidiaries of HCC: Houston Casualty Co., Avemco Insurance Co., and US Specialty …
