The National Flood Insurance Program (NFIP) has breathing space until May 31 through one of President Barack Obama's last actions of 2011 on Dec. 23. But it remains unclear whether the latest extension...
When John Fogerty musically asked "Who'll Stop the Rain?" 40 years ago, he was pondering the world's disquiet. But given the economic and insured damage from natural catastrophes that deluged the U.S. and...
LONDON -- Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of John Cavanagh as CEO Willis Re, the reinsurance broking arm of Willis Group. Effective immediately, Cavanagh succeeds...
OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Midwest Family Mutual...
AXIS Capital Updates Loss Estimates for Catastrophe Events in the First Three Quarters of 2011 PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced that the...
HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen") (NYSE: AHL) today announces an initial estimate of losses of $54 million, net of applicable reinsurance, reinstatement premiums and tax, for the flooding in Thailand....
HAMILTON, Bermuda -- Alterra Capital Holdings Limited ("Alterra") (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it expects to record fourth quarter 2011 losses from catastrophe events of approximately $50 million, including an initial...
Fourth Quarter 2011 Results to be Released on February 1, 2012 NEW YORK -- Transatlantic Holdings, Inc. (NYSE: TRH) today announced that it expects to report total net catastrophe costs (net of reinstatement...
PEMBROKE, Bermuda -- Regulatory News: PartnerRe Ltd. (NYSE, Euronext: PRE) today announced that the Company expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in...
OLDWICK, N.J. -- A hard market may be two to three years down the road, according to industry experts who spoke at the Property/Casualty Insurance Joint Industry Forum. BestWeek U.S./Canada offers extensive coverage...
LONDON -- A.M. Best Europe - Rating Services Limited has downgraded the issuer credit rating (ICR) to "bb" from "bb+" and affirmed the financial strength rating of B (Fair) of Ghana Reinsurance Company...
OLDWICK, N.J. -- A.M. Best Co. has upgraded the financial strength rating (FSR) to A+ (Superior) from A- (Excellent) and issuer credit rating (ICR) to "aa-" from "a-" of Montpelier US Insurance Company...
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" RoyalStar Assurance Limited (RSA) (Nassau, Bahamas). The outlook for both ratings is...
NEW YORK -- MetLife, Inc. (NYSE: MET) announced today that it is exiting the business of originating forward residential mortgages. MetLife Home Loans, the residential mortgage division of MetLife Bank, N.A., will no...
PEMBROKE, Bermuda -- Regulatory News: PartnerRe Ltd. (NYSE,Euronext:PRE) today announced dates for its 2011 fourth quarter and full year results press release and conference call. PartnerRe will release its 2011 fourth quarter and...
NEW YORK -- Fitch Ratings today affirmed the 'A-' insurer financial strength (IFS) rating of Montpelier Reinsurance Ltd. (Montpelier Re), the principal (re)insurance operating subsidiary of Montpelier Re Holdings Ltd (Montpelier) (full rating...
OLDWICK, N.J. -- A.M. Best Co. has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A- (Excellent) from C++ (Marginal) and issuer credit rating (ICR) to...
OLDWICK, N.J. -- A.M. Best Co. hasupdated its 2011 statement year "Property/Casualty Supplemental Rating Questionnaire" (SRQ) in several key areas. The areas affected include: Fixed Income Portfolio Analysis, Aging of Uncollected Premiums, Price...
OAKLAND, Calif. -- EQECAT, Inc. is proud to announce that Kate Stillwell, Product Manager of Earthquake Products, has been selected by the Earthquake Engineering Research Institute (EERI) as a member of the first...
OLDWICK, N.J. -- A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit ratings of "a-" to QBE Del Istmo Reinsurance Inc. (QBE Del Istmo), Del Istmo Assurance...