• By A.M. Best   -   Jun 22, 2018

    NEW YORK LAWMAKERS SEND GOVERNOR PRINCIPLES-BASED RESERVING LAW

    New York lawmakers have sent Gov. Andrew Cuomo legislation allowing the state to implement a principles-based reserving standard for...

    New York, Insurances, Insurance
  • By A.M. Best   -   Jun 22, 2018

    XL CATLIN LAUNCHES AVIATION EFFORT IN MEXICO

    XL Catlin launched a specialty aviation insurance effort in Mexico the company said will initially focus on general aviation hull and...

    Companies, Insurance, Company, Insurances
  • By A.M. Best   -   Jun 22, 2018

    CHUBB NORTH AMERICA MAKES AGRICULTURE BUSINESS LEADERSHIP APPOINTMENTS

    Chubb has made leadership appointments in its North America agriculture business, which includes commercial property/casualty insurance...

    Property, Leadership, Business, Insurances, Insurance
  • By A.M. Best   -   Jun 22, 2018

    INTACT FORMS COMMERCIAL LINES SPECIALTY GROUP IN CANADA, APPOINTS ONEBEACON NORTH AMERICA SURETY EXECUTIVES

    Intact Insurance has appointed Joe D'Annunzio as specialty solutions and surety senior vice president of a new group dedicated to growing...

    Business, Insurances, Insurance
  • By A.M. Best   -   Jun 22, 2018

    FORMER CALIFORNIA INSURANCE AGENT GETS 15-YEAR PRISON TERM FOR STEALING $1.8 MILLION

    Brian Jared Smart, a former California life insurance agent, has been sentenced to a 15-year prison term and has been ordered by a...

    Insurances, Insurance, Life Insurance
  • By A.M. Best   -   Jun 22, 2018

    A.M. BEST UPGRADES CREDIT RATINGS OF ACTIVE CAPITAL REINSURANCE, LTD

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

    Rate, Credits, Credit
  • By A.M. Best   -   Jun 22, 2018

    A.M. BESTTV: CYBER COVERAGE IS A TALE OF TWO MARKETS, SAY A.M. BEST ANALYSTS

    In this A.M.BestTV episode, Fred Eslami, associate director, and Bobby Skrabal, industry analyst, A.M. Best, said take-up rates, prices...

    Rate, Market, Industry, Industries, Marketing
  • By A.M. Best   -   Jun 22, 2018

    NEW YORK REGULATORS REMIND HEALTH INSURERS NOT TO ISSUE SHORT-TERM PLANS IN STATE

    The New York Department of Financial Services is reminding health insurers and health maintenance organizations that they cannot issue...

    Services, Service, Insurances, Insurance, New York
  • By A.M. Best   -   Jun 22, 2018

    MANULIFE SIGNS BANCASSURANCE DEAL WITH SATHAPANA BANK IN CAMBODIA

    Manulife Cambodia has entered into a 15-year bancassurance partnership with Sathapana Bank. Manulife's insurance products will be offered...

    Bank, Insurance, Banks, Insurances
  • By A.M. Best   -   Jun 22, 2018

    BESTWEEK: AS WORLD'S SOCCER FANS LOOK TO RUSSIA, RUSSIA WILL LOOK TO LONDON RISK MARKET

    The opening of the soccer World Cup in Russia has focused attention, as such huge undertakings tend to do, on London. In the view of...

    World, London, Market, Russia, Marketing
  • By A.M. Best   -   Jun 22, 2018

    A.M. BEST ASSIGNS CREDIT RATINGS TO ERIKA FÖRSÄKRINGSAKTIEBOLAG

    A.M. Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of “a-” to ERIKA Försäkringsaktiebolag...

    Rate, Credits, Credit
  • By A.M. Best   -   Jun 22, 2018

    AFIR: ASIAN REGULATORS TO RAISE PROFILE IN GLOBAL INSURANCE SUPERVISION

    Asian regulators should raise their profiles concerning global insurance supervision and development, according to Wenhui Chen, vice...

    Insurance, Insurances, Bank, China, Banks
  • By A.M. Best   -   Jun 22, 2018

    U. OF SOUTH CAROLINA'S HARTWIG: ECONOMY PLAYS TO INLAND MARINE'S STRENGTHS

    Robert Hartwig, of the Darla Moore School of Business, at the University of South Carolina, said the U.S. economy is currently booming...

    Economy, Construction, Business
  • By A.M. Best   -   Jun 22, 2018

    ALLIANT EMPLOYEE BENEFITS APPOINTS SENIOR VICE PRESIDENT

    Alliant Employee Benefits has named Beth Phares, a Richmond, Virginia-based employee benefits professional, senior vice president. She...

  • By A.M. Best   -   Jun 22, 2018

    CHINA'S REGULATOR: INSURANCE REFORM CONTINUES WITH FURTHER OPENING TO FOREIGN INVESTMENTS

    China's insurance industry is stable with overall risks under control with openings for foreign investments, according to a statement...

    Industries, Investment, Banks, China, Bank, Invest, Industry, Insurances, Insurance, Investments
  • By A.M. Best   -   Jun 22, 2018

    HEALTH START-UP OSCAR TO EXPAND INTO SIX NEW MARKETS NEXT YEAR

    Health insurance start-up Oscar Health will sell Affordable Care Act policies in six new markets next year, adding three new states...

    Insurance, Insurances, Ads, Market, Marketing, Start-up
  • By A.M. Best   -   Jun 22, 2018

    AON BENFIELD MANAGING DIRECTOR: WILDFIRE MODELS STRUGGLE TO ACCOUNT FOR MORE DEVELOPED REGIONS

    Daniel Dick, executive managing director, Aon Benfield Analytics, said experience has shown wildfire models have been better predictors...

    Region, Management
  • By A.M. Best   -   Jun 22, 2018

    A.M. BEST AFFIRMS CREDIT RATINGS OF SOLEN VERSICHERUNGEN AG AND NOBLE ASSURANCE COMPANY

    A.M. Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of “a+” of Solen Versicherungen AG...

    Rate, Credit, Company, Companies, Credits
  • By A.M. Best   -   Jun 22, 2018

    A.M. BEST DOWNGRADES CREDIT RATINGS OF CAPITAL LIFE AND CAPITAL GENERAL; PLACES UNDER REVIEW WITH NEGATIVE IMPLICATIONS

    A.M. Best has downgraded the Financial Strength Rating to C- from B- and the Long-Term Issuer Credit Rating to “cc” from “bb-” of Capital...

    Rate, Credits, Companies, Life Insurance, Company, Credit, Insurances, Insurance, Places
  • By A.M. Best   -   Jun 21, 2018

    NATIONWIDE ADDING JOBS, CONVERTING SPACE FOR LARGER INNOVATION CENTER

    Nationwide plans to add dozens of jobs and convert existing space this year to create a 31,000-square-foot innovation center focused...

    Jobs, Job, Innovation, Companies, Ads, Company, Innovations