Rating Agencies
Mexico Cat Bond Likely to Pay on Hurricane Patricia Losses: S&P
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard ...
A.M. Best Downgrades Century Casualty Company to B
A.M. Best downgraded the financial strength rating Century Casualty Company to B (fair) from B+ (good), the Oldwick, N.J.-based rating agency announced last Thursday. Concurrently, Best revised the ...
The C-Level Actuary
Actuaries have always been involved in the management of risk, and more and more we are seeing actuaries take on roles that may be considered outside of the realm of "traditional" actuarial work, ...
Moody’s Quantifying Terror Effects With Economic Impact Index
How do you measure the impact of terrorism on economic growth? Moody's Investors Service has constructed a terrorism index to quantify the hit to gross domestic product, government spending, ...
A.M. Best: Half-Year Results Hint at Year Three of Underwriting Profits
The property/casualty insurance industry is likely to post a third consecutive year of underwriting profits, considering its performance in the first half of the year and barring any late year ...
Zurich Outlook Still OK With S&P
Less than a week after A.M. Best announced that it would change the outlook on "A+" financial strength rating of Zurich Insurance Co. Ltd. to negative, Standard & Poor's has weighed in with a ...
Zurich’s Losses Lead to ‘Negative’ Ratings Outlook from A.M. Best
Zurich Insurance Company Ltd.'s A.M. Best ratings outlook is revised from stable to negative, following the company's disclosure of $275 million in losses from explosions at the Port of Tianjin in ...
Will ILS Investors Run for Cover After the Storm?
Most industry pundits agree that alternative capital is now a permanent fixture in the reinsurance marketplace. Where there is less agreement, however, is whether more opportunistic alternative ...