February 26, 2024
Trinidad and Tobago’s government on Friday confirmed the refined product leaking from a barge that struck a reef and overturned off the coast of Tobago was tested and determined to be a type of fuel oil. The leak, which remains …
September 7, 2021
The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and Tobago following a rainfall event that occurred during August 18-20, 2021. The heavy rainfall resulted in flooding and landslides across …
October 31, 2017
Cayman Islands-based CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Trinidad & Tobago will receive a payout of US$7,007,886 (approximately TT$47.4 million) on an excess rainfall policy following a period of heavy rainfall between Oct. 18 and …
August 4, 2014
A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of Guardian Life of the Caribbean Limited (GLOC) and Guardian General Insurance Limited (GGIL). Best also affirmed the ICR of “bbb-” …
November 3, 2011
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Trinidad & Tobago Insurance Limited (TATIL), both with stable outlooks. The ratings reflect TATIL’s “historically profitable operating performance, solid capitalization and …
December 6, 2010
In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published by the company’s Impact Forecasting team, who evaluate global natural …
September 28, 2010
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 6.25 percent senior unsecured notes due 2020 of Delaware-based Alterra Finance LLC. The senior notes are fully and unconditionally guaranteed by Alterra Capital Holdings …
June 25, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its subsidiaries. Best also affirmed the ICR of “bbb” and debt ratings of the …
May 6, 2010
A.M. Best Co. has commented that the ratings of the UK’s Amlin plc and its operating subsidiaries are unchanged. This follows Amlin’s announcement that it plans to establish a reinsurance platform in Zurich, Switzerland, to underwrite reinsurance business from European …
June 26, 2009
The CGM Gallagher Group, one of the largest and oldest insurance brokers in the English-speaking Caribbean, announced that it has appointed William Tomlin as President following Thursday’s meeting of the Group’s board. Tomlin will also act as “senior advisor on …