Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine managing general agency. The company was founded in …
Chicago-based Hub International Limited announced that it has entered into a definitive agreement to acquire Carrión, Laffitte & Casellas, Inc. (CLC), a full service insurance brokerage firm headquartered in San Juan, Puerto Rico. The announcement said the “acquisition represents the …
A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company, which is based in San Juan, Puerto Rico, and was formerly known …
As Best announced in conjunction with these current rating actions, they follow a series of actions taken last December to address the implications for euro zone insurers. Generally it changed the outlook on the ratings, including MAPFRE PRAICO, to negative …
The QBE Insurance Group announced that it has agreed to acquire Optima Insurance Group, an underwriting group in Puerto Rico that posted an estimated $100 million in gross written premium in 2011. QBE said the “transaction includes Colonial Insurance Agency, …
A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of MAPFRE PRAICO Group (MPG) and its members, which include MAPFRE PRAICO Insurance Company (PRAICO), its wholly …
Hurricane Irene was expected to strengthen over the next few days and could hit the southeastern United States as a large and powerful storm late in the week, forecasters said Tuesday. The U.S. National Hurricane Center’s forecast indicated Irene, now …
Hurricane Irene buffeted Puerto Rico with winds and torrential rain Monday, knocking out power and downing trees as it churned westward on a track that will threaten Florida by the end of the week. Local media in the U.S. Caribbean …
Tropical Storm Irene strengthened into a hurricane as it came ashore over Puerto Rico, reaching category 1, according to the most recent bulletin, released at 5:00 AM AST, from the National Hurricane Center in Miami. The center of Hurricane Irene …
Tropical Storm Emily was expected to bring heavy rain Tuesday to Puerto Rico after crossing the northeast Caribbean Sea on a track that would take it near Haiti within 24 hours. The storm was expected to bring up to 4 …
