A.M. Best has assigned an initial rating of ‘A’ (Excellent) to Hannover Re subsidiary, Hannover Re (Bermuda) Ltd. Commenting on...
International & Reinsurance News
Independent Insurance provisional liquidators PricewaterhouseCoopers announced that at least 1044 employees of the collapsed insurer would be laid off, effective...
The Enstar Group, Inc., based in Montgomery Ala., announced plans, together with Bermuda’s Castlewood Ltd., to acquire two reinsurance companies...
Standard & Poor’s international insurance rating service has reaffirmed the ‘BBB’ long-term counterparty credit and insurer financial strength ratings of...
Canadian insurance broker Hub International Ltd. announced the completion of its acquisition of Kaye Group, Inc., the U.S. property/casualty and...
Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in...
Britain’s Royal & Sun Alliance is in advanced talks with PricewaterhouseCoopers, the liquidators for Independent Insurance, to acquire more parts...
Several big creditors of failed Australian insurer HIH are pressing ahead with lawsuits in the U.S. aimed at stopping Tony...
Australia’s QBE announced that it plans to rearrange its interests in several Lloyd’s syndicates managed by its wholly owned subsidiary...
Zurich North America’s Emerging Markets Group announced the conclusion of a facultative reinsurance agreement covering certain financial risks of the...