Philadelphia Insurance Companies


BestWeek/BestReview Subscription Required CVS Says Aetna Deal Delayed, Will Close After Thanksgiving Holiday

CVS Health Corp.’s $69 billion acquisition of Aetna Inc., will close after Thanksgiving, despite an earlier statement by CVS’ chief executive officer that the mega-deal would be finalized before the holiday, CVS said in a regulatory filing. November 20, 2018 Full Story


Jerome Haegeli

BestWeek/BestReview Subscription Required Swiss Re: Global Economic Growth to Continue, but at Slower Pace

The global economy will continue to grow during 2019 and 2020, but at a slower pace, according to Swiss Re. November 20, 2018 Full Story

BestWeek/BestReview Subscription Required Texas Sunset Panel Calls on State Lawmakers to Fix TWIA Dilemma

A Texas Sunset Advisory Commission report recommends state lawmakers eliminate competing interests of the Texas Windstorm Insurance Association in order to improve the property insurer’s financial condition. November 20, 2018 Full Story

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Ratings

  • BestWeek/BestReview Subscription Required A.M. Best Downgrades Credit Ratings of Protective Insurance Corporation and Its Subsidiaries: A.M. Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary, Sagamore Insurance Company (Sagamore). These companies are collectively referred to as Protective Insurance Corporation Group (the group). Concurrently, A.M. Best has downgraded the Long-Term ICR of the organization’s publicly traded ultimate parent, Protective Insurance Corporation, to “bbb” from “a-”. The outlook for all of these Credit Ratings (ratings) remains negative. All companies are domiciled in Carmel, IN. Full Story
  • BestWeek/BestReview Subscription Required A.M. Best Upgrades Credit Ratings of Fidelity & Guaranty Life Holdings and Key Subs.; Assigns Ratings to F&G Reinsurance Ltd: A.M. Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” from “bbb+” of the key life/health subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. (See below for a detailed listing of these companies.) Concurrently, A.M. Best has assigned an FSR of A- (Excellent) and a Long-Term ICR of “a-” to F&G Reinsurance Ltd (Bermuda). The outlook assigned to these ratings is stable. These subsidiaries collectively are referred to as Fidelity & Guaranty Life Group. Full Story