Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ ratings on Insurance Australia Group Ltd.’s (IAG) core operating companies, including Insurance Australia Ltd. and IAG New Zealand Ltd., and its ‘A+’ ratings on IAG. The outlook on the group remains …
A.M. Best Co. has revised the outlook to positive from stable for New Zealand-based China Insurance (NZ) Company Limited (CINZ) and has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-“. Best said the “rating …
Standard & Poor’s Ratings Services has raised its counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co., Markel Insurance Co of Canada, Lombard General Insurance Co. of Canada, and Federated Insurance Co. of Canada (collectively …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Barbados-based CIBC Reinsurance Company Limited (CIBC Re) (Barbados) with stable outlooks. CIBC Re is primarily a life reinsurance company that is …
A.M. Best Co. has upgraded the financial strength rating to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating to “aa-” from “a+” of New Zealand’s AMI Insurance Limited. Best also revised the outlook for both ratings to stable …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA, as well as the ICR of “bbb-” of its holding company, Bermuda-based Flagstone Reinsurance Holdings …
A.M. Best Co. has removed from under review with negative implications and affirmed the debt rating of “bb+” on $350 million non-cumulative perpetual preferred securities (preferred securities) issued by Stoneheath Re (issuer), a Cayman Islands exempted company. The assigned rating …
Marsh has announced the promotion of Sanjay Kedia to CEO and Country Manager for Marsh India Insurance Brokers Private Limited (Marsh India). He takes over from Jonathan Bitcheno, who has retired to his native New Zealand after nearly 30 years …
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of new Zealand’s Tower Insurance Limited “remain unchanged as a result of the recent announcement of the discontinuance of …
Marathon talks for a new global trade deal collapsed Tuesday after a clash over agriculture between the United States, the world’s biggest economy, and emerging heavyweights. The breakdown came on the ninth day as the United States and India failed …
