News
Insurance
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” from “a-” of Puerto Rico-based Integrand Assurance Company while placing the Credit Ratings (ratings) under review with negative implications. 30 November 2018
Insurance
AM Best has removed from “under review with negative implications” the rating of Sirius Bermuda Insurance Company, Sirius International Insurance Corporation and Sirius America Insurance Company as the Nasdaq listing of the group boosts the independence from its Chinese parent. 30 November 2018
Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Labuan Reinsurance. 30 November 2018
Insurance
AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, is consolidating its global cyber and technology unit under the leadership of Dan Trueman. 29 November 2018
Insurance
AM Best has raised the net environmental losses for the US property/casualty (P&C) industry by $4 billion to an estimated $46 billion, taking industry losses for asbestos and environmental (A&E) to $146 billion. 29 November 2018
Insurance
The chemical Glyphosate could easily lead to tomorrow’s public health crisis, AM Best has warned in a Nov. 28 report. 29 November 2018
Insurance
Lloyd’s broker AFL Insurance Brokers has established a new South American operation, as part of a joint venture with Special Division Reinsurance Brokers. 29 November 2018
Insurance
The Lloyd’s Market Association (LMA) has launched Gemini, a claims expert management solution and platform for Lloyd’s carriers. 29 November 2018
Insurance
UK-based insurance broker Ardonagh Group which includes has reduced its loss in the nine months ending September 2018 compared to the previous year. 29 November 2018
Insurance
Downside credit risks from the California wildfires are currently most pronounced for investor-owned utilities (IOU), which could face large liabilities if IOU equipment is found to have ignited the fires, according to Fitch Ratings. 29 November 2018
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