Rating Agencies
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 ...
U.S. Commercial Lines Has Plenty of Room for Improvement: Fitch
With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has "plenty ...
Pandemic Losses Will Exceed S&P Estimates: Chief Risk Officers Say
Analysts for Standard & Poor's Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the $15-$30 billion range. Risk officers speaking at a rating agency ...
Focus On Facts, Not Media Misinformation: Berkley
Arguing that the media has been fed misinformation by the plaintiffs bar, the chief executive officer of a property/casualty insurer said facts will win out on debates over business interruption ...
Diverging Views: Is COVID a One-Off Cat or Not?
While reinsurers are "open for business" and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing ...