Rating Agencies
RSA Upgraded by S&P on Planned Share Sale, Buffett Risk Transfer
RSA Insurance Group Plc was upgraded by Standard & Poor's after Chief Executive Officer Stephen Hester announced a stock sale and a deal to transfer risk to Warren Buffett's Berkshire Hathaway ...
AIG U.S. P/C Subs’ Ratings Stable In Spite of Reserve Deficiency: A.M. Best
Rating agency A.M. Best announced Thursday that it affirmed financial strength ratings for AIG's U.S. property/casualty subsidiaries at "A," noting that an estimated reserve deficiency has been ...
Best Downgrades SPARTA to ‘B++’ as Group Mulls Strategies
A.M. Best Co. announced Friday that it has placed the ratings of SPARTA Insurance Group's members (collectively known as SPARTA) under review with negative implications. The rating agency action ...
Reinsurance CEOs: What Alternative Capital Means to Traditional Industry
The hottest topic in the reinsurance world was on the agenda at the Property/Casualty Insurance Joint Industry Forum in January, where two reinsurance executives gave different perspectives on what ...
Carriers Pass A.M. Best Terror Stress Test; Plans Include Not Writing Cover
Insurers that faced negative rating actions from A.M. Best for failing a terror risk stress test last year were able to convince the rating agency they could survive without a government backstop, an ...
P/C Combined 97.6 for 2013; Commercial Outlook Still Negative: A.M. Best
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its ...
A.M. Best Incorporates Mexican Subsidiary; Opens Office in Mexico City
A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la Reforma ...
Eight P/C Insurer Insolvencies in 2013 are Below Average: A.M. Best
There were a total of eight property/casualty insurers and one life/health insurance company that became financially impaired in 2013, according to A.M. Best. Of the nine impaired companies, eight ...