The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law January 12, 2018 By Elizabeth Blosfield Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of...
Texas’ Hochheim Prairie Farm Mutual Ratings on CreditWatch; Harvey Cited November 29, 2017 S&P Global Ratings has placed its ‘B+’ financial strength ratings for Hochheim Prairie Farm Mutual Insurance Assoc. (HPFMIA) and its...
Specter of Corporate Exodus Leaves Connecticut Budget in Crisis October 17, 2017 By Martin Z. Braun Thirty years ago, so many companies flocked to Connecticut that Stamford, a waterfront enclave of about 100,000 residents, became the...
Lloyd’s Outlook Is Negative on Hurricane Losses; Ratings Affirmed: S&P October 13, 2017 S&P Global Ratings has revised its outlook on the Society of Lloyd’s to negative from stable, while reaffirming the market’s...
Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources October 12, 2017 By Katie Paul and Saeed Azhar Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller...
City of Hartford’s Rating Sinks Deeper Into Junk; Agencies Cite Possible Default September 27, 2017 By Hilary Russ Hartford, Connecticut’s cash-strapped capital city, suffered a fresh round of credit rating downgrades deeper into junk territory by two Wall...
S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook September 25, 2017 S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable...
Reinsurers More Likely to Report Natural Disaster Underwriting Losses: S&P August 15, 2017 Things could get rougher for global reinsurers if annual natural catastrophe claims keep moving closer to the long-term average, Standard...
Rising Seas May Wipe Out Jersey Towns and Millions in AAA Bonds May 26, 2017 By Christopher Flavelle Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey. It...
Bermuda Re/Insurers Hit by Ogden Rate Change, Higher Nat Cats: S&P May 12, 2017 A big change in the Ogden rate in the UK and higher natural catastrophe losses are dampening a wide range...