Performance
UPC to Take Over Policies of Florida’s Insolvent Sunshine State
Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer's 37,000 policies. A Leon County ...
Aon Sees a Steady D&O Market Despite Q1 Price Dips
Directors and officers liability insurance pricing dropped nearly 5 percent during the 2014 first quarter compared to the same period a year ago, Aon's Financial Services Group concluded in a new ...
Allied World Gains Australian Beachhead
Switzerland's Allied World Assurance Company Holdings, AG is continuing its expansion in the Asia Pacific region with the launch of a new office in Australia. Allied World said in a press release ...
Standard & Poor’s Sees a Stable Global Market, Save For Reinsurance
As of mid-2014, worldwide pricing is softening in the reinsurance sector. At the same time, however, conditions have stabilized and even improved for most global insurers, Standard & Poors ...
Industry Prediction: Expect P/C Market Stability Through 2014
The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise ...
AIG’s Rehab Continues With Improved S&P Outlook
The rehabilitation of American International Group Inc. continues with news that Standard & Poor's Ratings Services has improved its outlook for the insurance conglomerate. Two years after AIG ...AIG Warrants Leap To Record, Benefiting Fairholme Capital Management
American International Group Inc. warrants jumped to a record, benefiting investors like Bruce Berkowitz's Fairholme Capital Management LLC, which held the securities for years. The contracts ...
Travelers’ A.M. Best Financial Strength Ratings Soar
Travelers and most of its subsidiaries saw their already stellar financial strength ratings from A.M. Best get even better. This was based, in part, on the insurer's ability to generate solid ...