A new report from Standard & Poor’s Ratings Services notes that the New Zealand non-life (P/C) insurance industry is still on a downward pricing cycle that has yet to correct. The report entitled, “Pursuit For Topline Growth Will Test Underwriting …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications, where they were placed on April 23, 2007. The outlook is negative. …
The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance sheets and strong growth prospects for most markets, …
Shelley Boyce, chief executive officer of MedRisk, Inc., has been named to the board of directors of the Workers Compensation Research Institute (WCRI). A nonprofit, nonpartisan public policy research organization, WCRI’s members include employers, insurers, insurance regulators, and state administrative …
Risk Management Solutions has launched an extensive new model for earthquake risk in Europe, which it believes is the “most comprehensive model of its type.” It covers Austria, Belgium, Germany, Italy and Switzerland, as well as Liechtenstein and Monaco. “The …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of New Zealand’s Farmers’ Mutual Insurance Association (FMIA) and its core subsidiary, FMG Insurance Limited (FMGIL), collectively known as …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and has assigned an issuer credit rating (ICR) of “a” to MAPFRE PRAICO Group of Puerto Rico. Best also affirmed the FSR of “A” (Excellent) and the ICRs …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of ACE Insurance Limited (Australia) and ACE Insurance Limited (New Zealand) with a stable outlook. Concurrently Best announced that it …
Standard & Poor’s Ratings Services has assigned a “BBB+” rating to RenRe sidecar – Starbound Re II Ltd’s.proposed bank loans. Starbound II is a limited-life, special-purpose Class-3 reinsurance company, domiciled in Bermuda and set up specifically to provide additional capacity …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Australia’s Guild Insurance Limited (GIL) with a stable outlook. Best said the ratings reflect GIL’s improved risk-adjusted capitalization, consistent operating …
