Rating Agencies
14 P/C Insolvencies in 2013; Half RRGs: A.M. Best
A.M. Best announced its final tally of impairments for 2013 on Wednesday, counting just 14 for the year—the lowest level since 2007. The level was a little more than half the historical average and ...
Cat Bond Prices May Have Reached the Bottom: Fitch
Catastrophe bond prices have been falling in 2014, but they may not sink any lower, Fitch Ratings suggested in a statement Tuesday, pointing to Munich Reinsurance Group's decision to pull its Queen ...
Moody’s Affirms Validus Ratings Despite Western World Challenges
On Wednesday, Moody's Investors Service affirmed its ratings for Validus Holdings, Ltd., including the A3 insurance financial strength rating of the principal operating subsidiary Validus ...
Deal Analysis: Why Validus Is Buying Western World
The combination of Validus Holdings and Western World Insurance Group fills in "missing pieces" for both organizations, Validus' chairman said Tuesday, detailing finer points of a $690 million deal ...
S&P Moves Berkshire Hathaway ‘AA’ Rating to Stable Outlook
Warren Buffett's Berkshire Hathaway Inc. had its credit outlook raised to stable from negative at Standard & Poor's as the company's capital position strengthened. The "AA" rating was affirmed. ...
Climate Change Bottom-Line Talk Grows, S&P Director Says
Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor's said as he held up the ...
1990s Soft Market Redux? Not Quite, But Global Re Outlook Negative, Says Moody’s
In June, Moody's Investors Service changed its outlook on the global reinsurance sector to negative from stable, noting that the current soft market has traits similar to the one that persisted in ...
Commercial Auto Insurers Still Struggling
Underwriting results in most commercial lines insurance segments have noticeably improved over the last two years. However, commercial automobile insurers continue to struggle as this industry ...