Specialty
AXIS $611.5M Acquisition of Novae to Close by Mid-October
AXIS Capital Holdings Ltd. expects to complete its acquisition of Novae Group plc by mid-October. European Commission approval of the $611.5 million transaction is expected no later than Oct. 18, the ...
S&P Revises Berkshire Insurance Subs’ Outlook to Negative
While affirming the "AA+" financial strength and long-term counterparty credit ratings on Berkshire Hathaway operating insurance subsidiaries, S&P Global Ratings said Monday that it revised the ...
Iron-Excess Forms; MGA Is Based on Iron-Starr Excess Agency Model
Using a Bermuda joint venture between Ironshore and C.V. Starr & Company as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes ...
Prime Insurance Gets Upgraded to ‘A’ Rating from A.M. Best
A.M. Best announced Friday that the rating agency has upgraded the financial strength rating of Prime Insurance Company to "A" from "A-," also revising the outlook on the rating to positive from ...
EPA Removed Waste at Texas Toxic Sites in Harvey Response Efforts
The Environmental Protection Agency says it has recovered 517 containers of "unidentified, potentially hazardous material'' from highly contaminated toxic waste sites in Texas that flooded last month ...
AIG Reorganizing Again; Commercial Now Part of General Insurance, Schimek Leaving
American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the ...
A.M. Best Slaps Canal Insurance With Ratings Downgrade
Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a big ratings downgrade from A.M. Best. A.M. Best knocked down the A- ...
Executives On The Move at The Hartford, Starr Companies and JLT Specialty USA
The Hartford has a new treasurer. Starr Companies promoted an executive in its Domestic Accident & Health division. JLT Specialty USA named a new director.***
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