Rating Agencies
Cat Bonds, Emerging Risks and More at S&P’s Annual Insurance Gathering
Cat bond issuances are hitting record levels, leaving the industry with questions about how long alternative capital will keep pouring into the reinsurance market. That idea emerged during the ...
S&P Ratings Lawsuits Allowed to Proceed in State Courts
Standard & Poor's suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. ...
Judge Quashes Bid By Ex-AIG CEO Greenberg to Dismiss Civil Suit
A New York state judge has rejected a request by Maurice "Hank" Greenberg, the former American International Group Inc chief executive officer, to dismiss a long-running civil lawsuit by the state's ...
Travelers’ A.M. Best Financial Strength Ratings Soar
Travelers and most of its subsidiaries saw their already stellar financial strength ratings from A.M. Best get even better. This was based, in part, on the insurer's ability to generate solid ...
Global Warming to Pressure Sovereign Creditworthiness, S&P Says
Global warming will harm sovereign creditworthiness around the world this century, with poorer nations the worst hit, Standard & Poor's Ratings Services said. Climate change is one of two "global ...
A.M. Best Slashes Tower’s Financial Strength Ratings
Bad news for Tower Group International and its subsidiaries: A.M. Best has downgraded the insurer's financial strength ratings, as the carrier works through the steps of a planned merger with ACP Re. ...
International Fidelity Insurance Faces A.M. Best Review After Self-Reporting Statement Revisions
A.M. Best has placed the "A-minus" financial strength rating of Newark, N.J.-based surety writer International Fidelity Insurance Company (IFIC) under review with negative implications, following ...
Commercial Auto Insurers Canal and Lancer Get New A.M. Best Outlooks
Oldwick, N.J.-based A.M. Best issued revised outlooks for two commercial automobile insurance specialists yesterday—Canal Insurance Company and Lancer Insurance Company—changing Canal's outlook ...