Discovery Insurance Co. News

South African insurer Discovery scrapped its annual dividend again on Thursday and said it may have to raise equity capital to cover costs linked to its investment in China’s Ping An, sending its shares down 8%. The company, which ties …

A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bb+” from “bb” and affirmed the Financial Strength Rating of B (Fair) of Discovery Insurance Co. of Kinston, N.C. The outlook for these Credit Ratings (ratings) remains stable. A.M. Best …