Insurance News from November 17, 2003
National News
Fitch Reports Insurance CDOs Allow Smaller U.S. Insurers to Access Capital Markets
Insurance collateralized debt obligations (CDOs) present a significant new opportunity...
The St. Paul Cos. and Travelers Property Casualty to Merge
S&P Announces: St. Paul Cos. Inc. Ratings Placed on CreditWatch Positive Pending Merger With Travelers
XL America Obtains Renewal Rights for Professional Liability Policies from Royal & SunAlliance USA’s DPIC Unit
Loews Mourns Death of Co-founder Laurence A. Tisch
International & Reinsurance News
Best Affirms AGF’s ‘A+’ Rating
A.M. Best Co. announced that it has affirmed the financial strength rating of A+...
East News
4 NYPD Officers, 12 Others Charged in Auto Fraud Case; OneBeacon Helped Investigators
The New York State Insurance Department announced that 16 people, includng four current...
West News
A.M. Best Downgrades Rating of SCPIE Companies
A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B+ (Very...
Southeast News
Seibels Bruce Group Unveils Q3 Numbers; Focuses on Strategically Growing Business
The Seibels Bruce Group, Inc. announced financial results for the quarter that ended...
Texas / South Central News
Dallas’ Griffith Forms APEX Global Partners
Dallas-based insurance industry executive Gary Griffith announced the formation of APEX...
Midwest News
Progressive’s Pop Art Stolen
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported $21,000 worth...