• By A.M. Best   -   Nov 22, 2017

    A.M. BEST DOWNGRADES ISSUER CREDIT RATING OF EMIRATES RETAKAFUL LIMITED; PLACES RATINGS UNDER REVIEW WITH NEGATIVE IMPLICATIONS

    A.M. Best has downgraded the Long-Term Issuer Credit Rating to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++...

    Rate, Credit, Credits, Places
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST AFFIRMS CREDIT RATINGS OF HUMBOLDT RE LIMITED

    A.M. Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of Humboldt Re Limited. The...

    Rate, Credits, Credit
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST AFFIRMS CREDIT RATINGS OF KELVIN RE LIMITED

    A.M. Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of Kelvin Re Limited. The...

    Rate, Credits, Credit
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST AFFIRMS CREDIT RATINGS OF THE BAHRAIN NATIONAL INSURANCE COMPANY BSC

    A.M. Best has affirmed the Financial Strength Rating of B++ and the Long-term issuer credit rating of “bbb+” of The Bahrain National...

    Rate, Insurance, Insurances, Credit, Company, Companies, Credits
  • By A.M. Best   -   Nov 22, 2017

    SWISS RE: CATASTROPHES WILL BOOST NON-LIFE PRICES AS EMERGING MARKETS SET THE PACE FOR GROWTH

    Prices in non-life markets are expected to rise as capital is drained from the property/casualty sector following the third quarter's...

    Sector, Marketing, Property, Market
  • By A.M. Best   -   Nov 22, 2017

    SANLAM CLOSES ON ACQUISITION OF UGANDA'S LION ASSURANCE

    Sanlam Emerging Markets Proprietary Ltd. said it closed on a subsidiary's acquisition of a non-life insurer in Uganda. The affiliate...

    Marketing, Market, Insurances, Insurance
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST REVISES OUTLOOKS TO STABLE FOR MILLERS CAPITAL INSURANCE COMPANY

    A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer...

    Rate, Insurance, Insurances, Credit, Company, Companies, Credits
  • By A.M. Best   -   Nov 22, 2017

    CANOPIUS INKS DEAL TO WRITE OCEAN MARINE, PROFESSIONAL LIABILITY LINES IN US WITH STATE NATIONAL

    Canopius has an agreement to start writing ocean marine and management and professional liability coverage in the United States with...

    United States, Management
  • By A.M. Best   -   Nov 22, 2017

    AIG TO PAY MINNESOTA REGULATORS $2.4 MILLION TO SETTLE EXAMINATION OVER PAYMENTS TO BENEFICIARIES

    American International Group has reached a settlement agreement to pay $2.4 million to the Minnesota Commerce Department and improve...

    Security
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST REVISES ISSUER CREDIT RATING OUTLOOK TO NEGATIVE FOR TRANS-OCEANIC LIFE INSURANCE COMPANY

    A.M. Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength...

    Rate, Insurance, Insurances, Credit, Company, Life Insurance, Companies, Credits
  • By A.M. Best   -   Nov 22, 2017

    MARSH BUSINESS DEVELOPMENT CHIEF: COMPANIES USING CAPTIVES TO TEST COVERAGE NEEDS

    Mike Parrish, business development head, Marsh Management, Bermuda, said organizations are using captives to fund risk-assessment studies...

    Management, Fund, Business, Companies, Company
  • By A.M. Best   -   Nov 22, 2017

    ACTUARIES: REPEAL OF ACA MANDATE WOULD UPEND MARKETS, INCREASE CARRIER EXITS

    Repeal of the Affordable Care Act individual mandate would likely upend the individual market, hike premiums and increase financial...

    Marketing, Insurances, Insurance, Market
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST AFFIRMS CREDIT RATINGS OF EUROPEAN MUTUAL ASSOCIATION FOR NUCLEAR INSURANCE

    A.M. Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of “a” of European Mutual Association...

    Rate, Insurance, Credit, Credits, Insurances
  • By A.M. Best   -   Nov 22, 2017

    WILLIS RE MANAGING DIRECTOR: ASIA'S GROWING RISK IS CONCENTRATION OF RISK ITSELF

    Mark Morley, managing director, Southeast Asia, Willis Re, said a movement toward retaining more risk locally means that some Asian...

    Asia, Management, Market, Marketing
  • By A.M. Best   -   Nov 22, 2017

    A.M. BEST AFFIRMS CREDIT RATINGS OF EUROPEAN LIABILITY INSURANCE FOR THE NUCLEAR INDUSTRY

    A.M. Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of European Liability Insurance...

    Rate, Insurance, Insurances, Industry, Credit, Credits, Industries
  • By A.M. Best   -   Nov 22, 2017

    ALLIANZ GLOBAL CORPORATE & SPECIALTY EXPANDS ASIAN FOOTPRINT TO CHINA, INDONESIA

    Allianz Global Corporate & Specialty SE has expanded its Asian footprint with new offices in China and Indonesia as it aims to capture...

    China, Market, Marketing
  • By A.M. Best   -   Nov 22, 2017

    MARSH CAPTIVE LEADER: ‘MULTILATINAS' DRIVING CAPTIVE INTEREST IN LATIN AMERICA

    Alejandro Santos, Latin American captive leader, Marsh, said the growth of multinational companies in Latin America has spurred interest...

    Companies, Insurance, Company, Insurances
  • By A.M. Best   -   Nov 22, 2017

    ALLIANZ RE CEO: A GLOBAL REINSURANCE PORTFOLIO WORKS BOTH WAYS

    Amer Ahmed, chief executive officer, Allianz Re, said regions such as Asia may face a harder reinsurance market because of losses in...

    Asia, Market, Marketing, Region
  • By A.M. Best   -   Nov 22, 2017

    A.M. BESTTV AT LONDON MARKET BRIEFING: AFTER A SUCCESSION OF CATASTROPHES, A PAUSE BEFORE IMPACT

    In this A.M. BestTV episode, speakers at A.M. Best's 2017 Insurance Market Briefing - Europe & Methodology Review Seminar in London...

    Opinion, Insurance, Europe, Insurances, Market, Marketing, London
  • By A.M. Best   -   Nov 22, 2017

    CHINA'S ZHONGTIAN FINANCIAL TO ACQUIRE UP TO 25% STAKE IN HUAXIA LIFE

    Zhongtian Financial Group Co. Ltd. has agreed to acquire up to a 25% stake in Huaxia Life Insurance Co. Ltd., said the Shenzhen-listed...

    Insurance, Insurances, China, Life Insurance, Companies, Company