A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to "bb" from "bbb-" of Michigan Commercial Insurance Mutual (MCIM)...
Stonybrook Capital, a New York investment-banking firm that specialises in insurance, has advised Sawgrass Mutual Insurance Company on the completion of a successful strategic initiative...
Private US property and casualty insurers’ net income after taxes fell to $13.8 billion in Q1 of 2014 from $14.3 billion in Q1 of 2013, according to a report by PCI...
The NAIC Executive Committee has voted unanimously to accept the recommendation from its Governance Review Task Force to retain a consultant to assist in a comprehensive review of NAIC governance...
The next Market Re private placement cat bond by Jardine Lloyd Thompson Capital Markets (JLTCM), Market Re 2014-4, has closed at $30 million via two separate classes...
USA Risk Group, an independent captive management firm, is to open a new office in Nashville, Tennessee...
Guy Carpenter & Company, LLC, has appointed Roelant de Haas as CEO of the Benelux region, effective 1 September...
The ILS Second Quarter 2014 Update by Aon Benfield Securities has revealed that 12 catastrophe bonds closed during the period with a total value of $4.5 billion—the most of any quarter in the history of the ILS market...
