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Rating agency AM Best is maintaining its negative outlook on the commercial lines segment of the US property/casualty (P/C) industry, despite relatively reliable aggregate results over the past several years. 8 January 2016
News
The challenge and potential implications of climate change have always worried re/insurers. With the issue again at the forefront of global politics, many are also realising the power they have and the moral choices they must make in terms of where they invest. Intelligent Insurer reports. 6 January 2016
Insurance
Flooding in the final month of the year will put pressure on the 2015 earnings of UK property insurers, according to rating firm AM Best. 5 January 2016
Insurance
Amlin, the specialist international insurer, has completed the cross-border merger of two of its insurance company subsidiaries, Amlin Europe and Amlin Insurance (UK). 5 January 2016
Insurance
AM Best has announced that the financial strength rating (FSR) of A+ (Superior) of Zurich Insurance and its rated affiliates are unchanged following the announcement that Zurich American Insurance Company (ZAIC), Zurich’S US non-life subsidiary, will acquire 100 percent of Rural Community Insurance Agency (RCIA) and its wholly owned subsidiary, Rural Community Insurance Company (RCIC), together known as Rural Community Insurance Services (RCIS). 23 December 2015
Insurance
AM Best has assigned a financial strength rating of B++ to Misr Insurance Company (Egypt), the joint stock insurance company and wholly owned subsidiary of Misr Insurance Holding Company. The outlook assigned to the rating is stable. 22 December 2015
Insurance
Risk Solutions group ACR Capital Holdings has announced that it is working closely with fellow shareholders of ACR ReTakaful Holdings, the Islamic reinsurance entity, to map out the future of the company and its operating entities. 21 December 2015
Insurance
AM Best has downgraded the financial strength rating (FSR) of ARI Mutual Insurance Company, a commercial motor carrier, to B from B+. 21 December 2015
Insurance
London market insurers will continue to face pressure on their underwriting margins due to fierce competition, according to a new report by Fitch Ratings. 18 December 2015
Insurance
Lloyd’s has announced it plans to launch its own insurance-based index in mid-2016. 16 December 2015
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