National Indemnity Co. (NICO) News

Fitch Sees U.S. P/C Insurers Reducing Investments in Hedge Funds

U.S. property/casualty insurers’ investment position in other alternative investments as reported is concentrated within a few large insurers and is relatively stable as a percentage of invested assets for the last several years. Also, the attraction to alternative investments, including …

The Hartford Signs $1.5 Billion Reinsurance Deal Covering Asbestos Liability

The Hartford has signed a reinsurance agreement effective Dec. 31, 2016 with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., for a $1.5 billion aggregate excess of loss reinsurance agreement covering certain of The Hartford’s asbestos and environmental …

S&P Raises Liberty Mutual’s Ratings; Outlook Revised to Stable on NICO Deal

Standard & Poor’s Ratings Services announced that it has raised its ratings on Liberty Mutual Insurance Co. to ‘A/A-1’ from ‘A-/A-2’, as well as its ratings on parent company Liberty Mutual Group Inc. to ‘BBB’ from ‘BBB-‘, and its ratings …