AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Northern Neck Insurance Co. of Irvington, Virginia. AM Best said the …
Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers. S&P adopted a ‘negative trend’ in its …
Standard & Poor’s Ratings Services said it expects a somewhat limited impact from Hurricane Irene on U.S. property/casualty insurers and global reinsurers, based on preliminary insured loss estimates. “We do not believe that the magnitude of this event is such …
