Regulation & Compliance
A.M. Best Puts Arch JV Partner Gulf Reinsurance Limited Under Review
A.M. Best has placed the financial strength rating of A- (Excellent) of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative implications. The under review with ...
Hurricane Odile Losses Mount for Mexican Insurers; Credit Negative, Moody’s Says
Reporting a preliminary assessment of just under $1 billion from a Mexican insurance trade group, Moody's said substantial claim losses from Hurricane Odile are a credit negative for Mexican ...
‘A’ Ratings Unlikely for Hedge Fund Reinsurers for Now: Fitch
Newly formed hedge fund reinsurers are unlikely to achieve an insurer financial strength rating in the 'A' category under Fitch Ratings' methodology, the rating agency said last week. Fitch pointed ...
Litmus Analysis’ Shipperlee Explains Current Reinsurance Ratings
As the former head of A.M. Best in London and a senior executive with Standard & Poor's, Litmus Analysis Senior Partner Stuart Shipperlee has a very complete knowledge of what insurance and ...
Europe Beats U.S. in M&A Insurance Industry Deals: Clyde & Co.
Insurance and reinsurance industry M&A deals have picked up a bit in Europe and elsewhere. But they keep declining in the U.S., continuing to deny it the lead in a space it has typically ...
Moody’s, A.M. Best See a Slowing Surplus Lines Market
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months, as competition grows and rate hikes slow. Moody's Investors Service said that the U.S. ...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in ...
Citigroup Dives Deeper Into Derivatives Risks
In the past five years, the firm that took the largest U.S. bank bailout of the financial crisis increased the total amount of derivatives on its books by 69 percent, surpassing most U.S. peers and ...