July 29, 2013
Tokio Marine Holdings Inc., Japan’s second-largest non-life insurer, is seeking to expand in Southeast Asia as Japan’s shrinking population erodes its domestic market. The insurer plans to expand in life insurance, automobile coverage, reinsurance and asset management, President Tsuyoshi Nagano …
March 1, 2013
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and issuer credit rating (ICR) of “bbb-” of American General Property Insurance Company (AGPIC), based in Nashville, Tenn., both with stable outlooks. Best concurrently withdrew the ratings …
January 30, 2013
Boeing Co. has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker’s lead insurer said on …
September 4, 2012
Kiln, the international specialist insurance and reinsurance underwriting group, which is a part of Tokio Marine, announced that it has appointed Petra Pudemat as a new property underwriter in Frankfurt to write a broad range of property and facultative risks …
June 15, 2012
Excess workers’ compensation carrier, Safety National Casualty Corp., announced that three major insurance rating agencies have increased the company’s ratings. While Safety National’s A.M. Best financial strength rating remains “A”, the agency has upgraded Safety National’s issuer credit rating from …
March 7, 2012
A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to Tokio Marine Holdings Inc., brought by pension-fund investors who claim that Delphi’s CEO was unjustly enriched by the deal. The …
December 21, 2011
Tokio Marine said on Wednesday it will buy U.S. insurer Delphi Financial Group for $2.7 billion, the latest in a string of deals by Japan’s second-largest property-casualty insurer aimed at growing outside its mature home market. Tokio Marine said it …
December 16, 2011
A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of First of Hawaii Group and its members. Best also removed the ratings from under review …
September 21, 2011
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to ‘aa+’ from ‘aa’ of Philadelphia Insurance Companies and its members, and has revised its outlook on the …
September 15, 2011
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …