Leadership & Strategy
Top 10 Market Conduct Complaints Against P/C Insurers
Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new ...
Downgrade of Tower Group to B++ Likely to Have Further Negative Effects: A.M. Best
A.M. Best Co. announced Tuesday that the rating agency has downgraded the financial strength rating of members of Tower Group to B++ (Good) from A- (Excellent), one day after the company itself ...
Blue Capital Re Files for Proposed IPO
Montpelier Re Holdings Ltd. and its wholly owned subsidiary Blue Capital Reinsurance Holdings Ltd. announced Monday that Blue Capital Reinsurance has filed for an initial public offering of the ...
Evans to Head New International Insurance Platform at Endurance
Endurance Specialty Holdings Ltd. announced Monday that Graham Evans will be joining the company as executive vice president and head of International Insurance. Evans, a 25-year veteran of the ...
Tower Reserve Charge Prompts Fitch Downgrade, Carrier Review of Options
Tower Group International, Ltd. announced reserve and goodwill charges representing over 60 percent of year-end 2012 shareholder's equity Monday, prompting Fitch Ratings to cut the financial strength ...A.M. Best Downgrades American Safety RRG
On Monday, A.M. Best Co. announced that it downgraded the financial strength rating (FSR) of American Safety Risk Retention Group, Inc. to B++ (Good) from A (Excellent). Best noted that American ...
P/C First-Half Results Improve on Premium Growth, Lower Cats
The only major component of net income moving downward for property/casualty insurers during the first half of 2013 was investment income, according to a compilation of aggregate industry figures ...
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board (FASB) will host public roundtable meetings on its Proposed Accounting Standards Update, Insurance Contracts (Topic 834). The meetings will provide an ...