Citing recent trends in reinsurance, North Pointe Holdings Corp. of Southfield, Mich. has announced it is evaluating its commercial insurance lines in the state of Florida and expects to reduce its commercial policies by 40 percent, while reducing its total …
The outlook on the Canadian property and casualty (P&C) insurance industry remains stable says a report published by Standard & Poor’s Ratings Services. The report, entitled “Industry Report Card: Slower Momentum Expected For Canadian Property And Casualty Insurers,” suggests that, …
Standard & Poor’s Ratings Services has revised its criteria for rating natural peril catastrophe bonds with U.S. hurricane risk exposure. As a result, some catastrophe bond deals have been placed on CreditWatch with negative implications. Some of the bonds issued …
Standard & Poor’s Ratings Services has affirmed its “A-” long-term insurer financial strength rating on Paris-based non-life reinsurer SCOR Global P&C S.A. following the completion of its legal incorporation with a stable outlook. S&P explained that SCOR Global P&C is …
A.M. Best Co. commented that tits financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of Mapfre Mutualidad de Seguros y Reaseguros (Mapfre Mutualidad) and the issuer credit rating of “aa-” of Corporacion Mapfre S.A. (Corporacion) …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) of ING Comercial America (ING CA) and its wholly owned subsidiary, ING Comercial America Fianzas, both based in Mexico City, with a stable outlook. “The rating reflects ING …
Lloyd’s has joined the growing list of those in the insurance industry who recognize the threats posed by climate change. Although its bulletin avoids using the more inflammable label – “Global Warming”-, Lloyd’s has just published a new report, “Climate …
Indiana-based Conseco, Inc. recently named Thomas Fineis as the company’s senior vice president, health valuation actuary. “I’m pleased to welcome Tom to Conseco as part of our leadership team,” said James Hohmann, Conseco’s Interim president and CEO. “Beyond his vast …
The former chief financial officer of the state’s $15 billion insurance fund for injured workers will plead guilty next week to state charges alleging he traded investment opportunities for gifts. Prosecutors say Terrence Gasper doled out the opportunities in exchange …
The Missouri Department of Insurance has filed a complaint against a West Plains insurance dealer for allegedly selling fake policies. The complaint filed with the Administrative Hearing Commission was announced Friday. It alleges that licensed insurance producer David LaFevers accepted …