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New York-based Standard & Poor's Ratings Services announced yesterday that it has raised credit and debt ratings for Bermuda-based AXIS Capital and also uped the financial strength ratings of its

Two rating agencies have come to different conclusions about the latest earnings news from Allstate, with A.M. Best saying it would take no action while Fitch downgraded the company and its

Reporting its fourth quarter results, the company said its income loss came in at an estimated $1.13 billion compared to net income of $760 during the same period of 2007. This translated into loss

The late-December deal which has American International Group selling Hartford Steam Boiler to Munich Re Group is the biggest recent deal in dollar terms to hit the specialty sector, but broker deals

As American International Group announced the sale of its Hartford Steam Boiler unit to Munich Re Group in a deal worth $742 million--$458 million less than the carrier paid for HSB back in 2000--AIG's

"Kelley Leaves Lexington For Ironshore," read the Dec. 9 NU Online News Service headline, announcing that the head of one of the nation's top surplus lines carriers had jumped ship to join a

In the wake of rumors that XL Capital Ltd. is up for sale--with the company admitting only to exploring "value-enhancing opportunities available to it"--Standard & Poor's lowered ratings on the firm's

Standard & Poor's Ratings Services has lowered the financial strength and counterparty credit ratings on XL Capital Ltd.'s core operating companies, citing the Bermuda insurer's diminished underwritin