Performance
Assessing ERM: S&P Puts Risk Culture in Focus
Stock prices of publicly traded insurers with stronger enterprise risk management programs show less stock price volatility than stock prices of carriers with weaker risk management programs. At ...
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 ...
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 ...
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 ...
Moody’s Cuts Endurance Specialty Ratings Down to A3
On Wednesday, Moody's Investors Service announced that the rating agency lowered the insurance financial strength ratings of the principal operating subsidiaries of Endurance Specialty Holdings Ltd. ...
Meadowbrook Says Surplus Relief Re Deal with Swiss Re No Longer Needed
Meadowbrook Insurance Group, Inc. announced Wednesday that the company and Swiss Re have mutually agreed to terminate a quota-share reinsurance agreement that was put in place late last year. In ...