Moodys Investors Service gave a thumbs up to last weeks announced $615 million sale of the Hartford Financial Services Groups individual life business to Prudential Financial, despite the transaction reducing some of the Hartfords diversity in its income streams.
Two ratings agencies offered positive assessments of American International Group after the U.S. Treasurys sell-down to a minority stake in the company, with Moodys Investors Service calling the development another credit-positive milestone and Fitch Ratings stating that recent actions have rejuvenated AIG.
Two ratings agencies offered positive assessments of American International Group after the U.S. Treasurys sell-down to a minority stake in the company, with Moodys Investors Service calling the development another credit-positive milestone and Fitch Ratings stating that recent actions have rejuvenated AIG.
The unwinding of Maiden Lane III, which had been created in 2008 to assume certain toxic assets held by American International Group, represents an ongoing reduction of government support for AIG, and reflects improving trends overall at the company, says Moodys Investors Service.
A report from Moodys says there are significant barriers to entry in the crop-insurance market, and cuts in government subsidies could mean even more consolidation in the future.
A report from Moodys says there are significant barriers to entry in the crop-insurance market, and cuts in government subsidies could mean even more consolidation in the future.
While many recent reports correctly point to lower catastrophe activity as a primary reason behind insurers improved 2012 Q2 results, the period still beat the 10-year average for cat losses, a Moodys report says.
The Japanese property and casualty insurance industry is expected to improve its earnings within the next year-and-a-half as adjustments the industry has made takes effect, says Moodys Rating Service.
The Japanese property and casualty insurance industry is expected to improve its earnings within the next year-and-a-half as adjustments the industry has made takes effect, says Moodys Rating Service.
Brokers will likely benefit from the uncertainty surrounding U.S. health-care reforms as companies seek their counsel over the new insurance requirements, according to Moodys Investors Service.