Rating Agencies
What Happened to Hedge Fund Reinsurers?
The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member ...
FBI Hunts for Twitter Hackers Who Hit Biden, Obama, Musk, Others
The FBI is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the ...
Is a ‘Class of 2020’ Emerging?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still ...
Insurer Capital Strength Could Suffer With COVID-19 Second Wave: S&P
Insurers largely withstood the first wave of COVID-19 thanks to their capital strength. They may not be so lucky when a second wave comes, S&P Global Ratings said in a new report. "A second wave ...
S&P Welcomes Allstate’s $4B Bid for National General
Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. A few ...
CoreLogic Rejects Unsolicited Bid, but Willing to Meet Bidders
CoreLogic's Board has unanimously rejected an unsolicited bid from an investment firm and hedge fund, calling it undervalued and not in the best interest of shareholders. The action is in response to ...
A.M. Best Dings Credit Outlook for Navigators’ EU Business
Navigators' international arm must deal with an outlook downgrade from A.M. Best due to uncertainties about its post-Brexit business plan in the European Union under new owner The Hartford Financial ...
AGCS Gets Negative Outlook From S&P Over ‘Weak Underwriting Performance’
Allianz Global Corporate & Specialty faces an outlook downgrade from S&P Global Ratings. The ratings agency revised its outlook for AGCS to negative from stable, while at the same time ...