Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Icelandic insurer Tryggingamidstödin hf. (TM) with a stable outlook. “The ratings reflect TM’s good capitalization and good competitive position,” stated S&P credit …
A.M. Best Co. and Fitch Ratings both announced debt ratings for XL Capital Ltd’s forthcoming $325 million senior unsecured note issuance, due 2027. Best assigned a debt rating of “a-“, while Fitch gave the notes an ‘A’ rating. Both rating …
Bermuda’s Aspen Insurance Holdings Limited reported that its net income for the first quarter rose by 97 percent to $121.9 million versus $61.8 million for the same quarter in 2006. Other earnings highlights noted by the Company include the following: …
Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $101.8 million and $1.36 per diluted common share for the first quarter of 2007 versus net income of $107.0 million and $1.45 per diluted common share in the first quarter of …
Gov. Sonny Perdue today issued an Executive Order declaring a state of emergency in 21 counties in southeast Georgia. The affected counties face severe drought conditions, which have created an extreme and widespread threat for wildland fires, according to the …
The Florida Financial Services Commission took further steps to implement the insurance reforms Gov. Charlie Crist has called for and the House and Senate passed into law during the January special session. Florida Insurance Commissioner Kevin McCarty presented two rules …
NEW YORK – Mystic Capital Advisors Group, LLC – a leading financial consulting firm – announced today an exclusive association with Harbor Capital Advisors, Inc, a nationally recognized investment banking organization, providing financial and management consulting services. In a strategic …
Only those who’ve become sick through exposure to asbestos would be able to sue companies that used the material, under a bill signed into law by Ga. Gov. Sonny Perdue. The new law would require a person filing a claim …
Hawaii Insurance Commissioner J.P. Schmidt has suspended the license of insurance producer Meredith Dabin for the misappropriation of premium monies. Dabin, a Kauai resident, collected premium monies for the renewal of a client’s motor vehicle policy, but failed to remit …
A Portland, Ore., rape victim is suing a local ambulance paramedic who posted details about the attack on his MySpace Internet page. She contends the paramedic invaded her privacy by posting the approximate location, what she said about her knife-wielding …