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A.M. Best Co. has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Century Insurance Company Limited (CIC) (Northern Mariana Islands). The outlook for both ratings is stable.    ADVERTISEMENT    The ratings reflect CIC’s adequate risk-adjusted capitalization, stable underwriting performance and well-established presence in the marketplace.   … Continue reading A.M. Best Affirms Ratings of Century Insurance Company Limited

Fireman’s Fund Insurance First to Offer ”Change of Heart” Coverage with Wedding and Private Event Insurance    New, Enhanced Policy Protects Couples from “Cold Feet”     Fireman’s Fund Insurance Company has joined forces with insurance agent RV Nuccio & Associates Inc. to offer enhanced insurance policies for weddings and private events to protect the… Continue reading Fireman’s Fund Insurance First to Offer ”Change of Heart” Coverage with Wedding and Private Event Insurance

A.M. Best Co. and Fitch Ratings both announced debt ratings for XL Capital Ltd’s forthcoming $325 million senior unsecured note issuance, due 2027. Best assigned a debt rating of “a-“, while Fitch gave the notes an ‘A’ rating. Both rating agencies also assigned a stable outlook to the notes.    In addition Fitch affirmed the… Continue reading A.M. Best Co. and Fitch Ratings both announced debt ratings for XL Capital Ltd’s forthcoming $325 million senior unsecured note issuance

Alleghany Corp. announced Monday that it reached an agreement to purchase Employers Direct, a Californiaworkers’ compensation carrier that was launched by investors in the bleakest days of the state’s market meltdown.      Employers Direct Chief Executive Officer Jim Little and his fellow investors made a deal to sell the four-year-old company for $195 million. That’s… Continue reading Holding Co. Buys Startup Carrier Employers Direct

The AIG Companies today introduced AIG Passport(SM) for Excess Casualty, a service created for multinational companies to facilitate purchasing locally admitted excess casualty liability insurance to cover their international operations and subsidiaries. AIG Passport for Excess Casualty provides U.S. multinational companies the opportunity to request excess limits atop existing foreign general liability primary policies. AIG… Continue reading AIG Companies(R) Introduce AIG Passport(SM) For Excess Casualty

Hilb Rogal & Hobbs Company (NYSE:HRH – News), the world’s tenth largest insurance and risk management intermediary, announced today that its board of directors declared a quarterly dividend of $0.13 per share, payable on June 29, 2007, to shareholders of record as of June 15, 2007. This represents an increase of 8.3% in the quarterly… Continue reading Hilb Rogal & Hobbs Company Increases Quarterly Dividend

Hub International Limited (NYSE:HBG – News; TSX:HBG – News) will discuss first quarter earnings and financial condition, industry trends and outlook on a conference call scheduled for 9:30 a.m. (CDT), 10:30 a.m. (EDT) on Tuesday, May 1, 2007. ADVERTISEMENT This call is being webcast by Thomson/CCBN and can be accessed at Hub International’s website at… Continue reading Hub International Limited Announces First Quarter Earnings Conference Call

The Securities and Exchange Commission board has officially endorsed changes in the Sarbanes-Oxley compliance rules that will particularly benefit smaller companies.          The SEC commissioners voted to allow more flexibility in the rules, particularly the guidelines developed by the independent board that oversees the accounting industry. The new rules are expected to be approved by… Continue reading SEC Agrees to Ease Sarbanes-Oxley Rules for Small Firms

Specialty Underwriters’ Alliance, Inc. (Nasdaq: SUAI), through its subsidiary SUA Insurance Company, today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and underwrite commercial general liability programs to the underserved construction segment, including the roofing trade. These programs will be available through selected brokers in ten states… Continue reading SUA Insurance Company Contracts With New Partner Agent Writing Artisan and General Contractors and Roofers

PXRE Group Ltd, which effectively stopped taking on new business after being ravaged by the devastating 2005 hurricane season, is to merge with US insurer Argonaut Group, Inc in a deal that will see the launch of a new Bermudian Class 3 reinsurer Peleus Re. The merged entity will be called Argo Group International Holdings… Continue reading PXRE secures future with Argonaut merger