Bermuda News

PHICO Group Downgraded

A.M. Best Company downgraded the financial strength rating (FSR) of The PHICO Group of Mechanicsburg, Pennsylvania, from “B++” to “B.”...

BEST REPORTS CAPTIVE INCREASE

A.M. Best’s newly published Captive Directory reports that 245 new captive insurance companies were formed in 2000, while 170 were...