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By Arthur D. Postal, PropertyCasualty360.com |
March 16, 2012
The Financial Services Roundtable wants the Treasury Department to use the Federal Insurance Office to coordinate all federal-agency activities regarding insurance in order to ensure that onerous and duplicative federal intervention in the insurance business does not occur.
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By Phil Gusman, PropertyCasualty360.com |
January 30, 2012
A.M. Best has revised its outlook to “stable” from “negative” on American International Group, Inc.’s “bbb” issuer credit rating and on Chartis U.S. Insurance Group’s “A” financial strength rating.
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By Arthur D. Postal, PropertyCasualty360.com |
November 1, 2011
A new Government Accountability Office report about the federal rescue of American International Group shows there was vigorous debate about whether the Federal Reserve should provide assistance to the insurer, and what the state-level and international implications would have been should the government not act.
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By Staff Writer |
October 11, 2011
The Destin, Fla.-based financial holding company Concordis Group, Inc. has signed a letter of intent to acquire Advance Underwriting Managers LLC.
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By Arthur D. Postal, PropertyCasualty360.com |
September 2, 2011
The American Insurance Association is asking international financial services regulators to reflect U.S. policy and therefore allow state regulators to wind down the insurance subsidiaries of troubled global financial firms.
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By Phil Gusman, PropertyCasualty360.com |
August 25, 2011
Fitch Ratings affirmed the ‘A’ insurer financial strength ratings of Old Republic International Corp.’s insurance subsidiaries and removed the company from Rating Watch Negative, as the rating agency says it does not anticipate that the runoff of ORI’s mortgage insurance subsidiary will have a significant adverse impact on capital and...
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By Staff Writer |
August 11, 2011
21st Century Holding Co. of Lauderdale Lakes today reported mixed results for the quarter ended June 30.
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By Phil Gusman, PropertyCasualty360.com |
April 25, 2011
Cincinnati Financial Corporation says its chief executive officer will become chairman of the company’s board of directors and its chief financial officer will become CEO as part of a leadership transition.
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By Chad Hemenway, PropertyCasualty360.com |
April 20, 2011
Chartis, the property and casualty unit of American International Group Inc., says it will transfer a bulk of its asbestos liability to Berkshire Hathaway’s National Indemnity Co.
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By Staff Writer |
April 13, 2011
A.M. Best Co. has revised The Hartford Financial Services Group’s outlook to stable from negative, reflecting the “financial strength and creditworthiness” of the company’s property and casualty and life operating companies.
