A.M. Best Co. has withdrawn the financial strength rating of A and issuer credit ratings of “a” of six domestic life insurance subsidiaries of American International Group, Inc.: SunAmerica Annuity and Life Assurance Company, SunAmerica Life Insurance Company, Western National Life Insurance Company, American General Assurance Company, American General…
Newswires
A.M. Best Co. has assigned a financial strength rating of A and issuer credit rating of “a+” to Essentia Insurance Company. The ratings largely reflect the full rating enhancement afforded to Essentia given its recent acquisition by Markel Corp. and the implicit as well as explicit support provided to Essentia by an affiliate, Evanston Insurance Company, in the…
A.M. Best also has affirmed the FSR of A- and ICR of “a-” of Lion Reinsurance Company Limited. ASSA is ultimately owned by Grupo ASSA, S.A., a publicly traded financial services holding company on the Panama stock exchange. Partially offsetting these positive rating factors is ASSA’s risk concentration in a geographically limited insurance market along with…
A.M. Best’s annual ranking of the world’s largest insurers reflects the impact of growth in Asia; the eurozone crisis and lackluster economies…
A.M. Best also has affirmed the FSR of A- and ICR of “a-” of Lion Reinsurance Company Limited. ASSA is ultimately owned by Grupo ASSA, S.A., a publicly traded financial services holding company on the Panama stock exchange. Partially offsetting these positive rating factors is ASSA’s risk concentration in a geographically limited insurance market along with…
A.M. Best Co. has assigned a financial strength rating of A and issuer credit rating of “a+” to Essentia Insurance Company. The ratings largely reflect the full rating enhancement afforded to Essentia given its recent acquisition by Markel Corp. and the implicit as well as explicit support provided to Essentia by an affiliate, Evanston Insurance Company, in the…
An option to promptly resolve complex Sandy claims is now available to personal and commercial customers of Liberty Mutual Insurance’s family of companies: independent mediation or arbitration, the Company announced. This voluntary, three-phase process is available to Liberty Mutual Insurance customers after the traditional claim-adjustment…
Hub International Limited announced that it has acquired the assets of Premier Insurance, an Idaho- based insurance brokerage firm. Premier’s five managing partners, Peter McDonald, Craig Casperson, Tracy Hawker, Timothy Black and Julie Armes, will join Hub, reporting to Rene LeVeaux, President, Hub International Mountain States. Premier has four locations-…
Ullico Inc. today announced its subsidiary, Ullico Casualty Group, Inc., will begin writing and renewing multiemployer and government fiduciary liability and union liability policies next week with Alterra American Insurance Company. Ullico is offering new enhancements to its fiduciary liability policies, and added several new endorsements to its…
The deal, which gives bondholders 87.5 percent of the $726 million they’re owed, assures the pensions of West Penn Allegheny employees will be “protected,” Highmark said on Wednesday. “Paramount to our affiliation with West Penn Allegheny is preserving competition and choice in health care providers for the entire community,” Highmark CEO William Winkenwerder…
Some of the statements under “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Business” and elsewhere in this Form 10- Q may include forward-looking statements that reflect our current views with respect to future events and financial performance. These statements include forward-looking statements…
She graduated from J.P. McCaskey High School in 1947 and worked as the office manager and, later, Administrative Assistant for Northwestern Mutual Life Insurance Company, Lancaster. Born in Lancaster, she was the daughter of the late Charles and Rebecca Miller. Grace is survived by five sons, John W. married to Jean Gebhard of Willow Street, David R. married to Cindy…
Experts at Sihle Insurance Group say that providing health insurance for employees is about to get even more complicated— and employers need to be prepared. Businesses face a myriad of new challenges and changes under the Patient Protection and Affordable Care Act, which is also known as“ Obamacare,” according to Terry Singleton, Enterprise Team Leader at Sihle…
Welcome to the Saint Paul Saints Zer0K, an event where everyone has a shot at winning! This prestigious and unique competition was created by the Saints in 2012. Saturday, January 26 it will take place on the site of the new Lowertown Ballpark on Broadway in downtown St. Paul during the Securian Winter Run. That person will receive an amazing– if not remarkable–…
Aflac, the number one provider of supplemental insurance in the United States, has been named to FORTUNE magazine’s prestigious list of the “100 Best Places to Work For”. Aflac is the only insurance company to appear on the list for 15 straight years. “We are proud of Aflac’ s 15 th consecutive year appearing on FORTUNE’s list of the 100 Best Places to Work For,” Aflac…
Starting on Jan. 1, the state of Alabama enacted its Online Insurance Verification System, which allows law enforcement officers to know instantly whether a car is covered by liability insurance…
He succeeds R. Greg Ator who has retired following a thirty-eight year career with Bitco. Vince Lamb joined Bitco as president in 2011 on the heels of a successful 20- year insurance production and underwriting career with ORI’s Great West Casualty Company and affiliated insurance agencies. As President and Chief Executive Officer he will lead Bitco as the…
Genworth Financial Inc shares gained 10.58% to $9 in the morning hour after the company announced a comprehensive U.S. Mortgage Insurance capital plan that, when implemented, will reduce Genworth Mortgage Insurance Company’s, the company’s main U.S. mortgage insurance subsidiary, risk-to-capital by 12 to 15 points, decrease the likelihood that the U.S….
Associated Press Copyright: (c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or…
