P&C Companies News

TROUBLES FOR BLANCH

Shares of E.W. Blanch Holdings plummeted 62 percent March 21 after it projected lower than expected profits. The Dallas-based holding...

Arrow Re Reaffirmed

The “A+” claims paying ability rating on the Bermuda-domiciled Arrow Reinsurance Company Ltd. (Arrow Re) was reaffirmed by DCR. The...

Best Downgrades California W/C Carriers

Best Co. downgraded four California workers’ compensation company ratings, reflecting poor w/c market conditions in California, as well as company-specific...

Allianz Acquires Egyptian Insurer

Germany’s Allianz AG acquired a controlling 80 percent interest in Cairo-based Arab International Insurance Company (AIIC) by purchasing the 40...