California Insurance Commissioner Dave Jones announced on July 8 the “successful implementation” of a court-approved rehabilitation plan for Majestic Insurance Co., a plan that has been opposed by New York officials and some of Majestic’s contractor customers. Designed to protect …
Former members of the self-insured workers’ compensation program Contractors Access Program of California, which was managed by now defunct Majestic Insurance Co., have filed a formal objection to the California Department of Insurance’s Majestic Insurance rehabilitation plan. According to the …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the life and non-life North American operating subsidiaries of France’s SCOR SE with stable outlooks, following the announcement of its acquisition …
Bermuda-based Majestic Capital Ltd. announced that Bayside Capital Partners LLC has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material deterioration in Majestic Capital’s capital surplus, an inability to secure regulatory approval …
