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BestWeek/BestReview Subscription Required Best’s Market Segment Report: Sub-Saharan African Markets Attract Reinsurers Despite Economic Conditions

Sub-Saharan African reinsurers continue to be challenged by a difficult operating environment, with competitive pressures on underwriting activities further exacerbated by economic and political concern, according to a new report by A.M. Best. September 20, 2018 Full Story

BestWeek/BestReview Subscription Required Burns & Wilcox Corporate SVP: Hurricane Florence Will Hit Profits at Lloyd’s Syndicates

Hurricane Florence will dent profits at Lloyd’s syndicates writing catastrophe coverage in the Carolinas, according to a Burns & Wilcox executive. September 20, 2018 Full Story

BestWeek/BestReview Subscription Required Axis Surplus Insurance Seeks Judgment to Avoid Paying for Harvey Weinstein’s Defense

Axis Surplus Insurance Co. filed a lawsuit seeking relief from paying for the defense costs of filmmaker Harvey Weinstein in connection with pending civil and criminal litigation — including rape charges against him stemming from encounters with two women. September 20, 2018 Full Story

Pinnacle Actuaries

Asia/Pacific

Catastrophes

Life Insurance

Mergers & Acquisitions

Middle East/Africa

People in Insurance

Ratings

  • BestWeek/BestReview Subscription Required A.M. Best Revises Outlooks to Positive for Health Care Service Corporation and Its Subsidiaries: A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Health Care Service Corporation, a Mutual Legal Reserve Company (d/b/a Blue Cross Blue Shield of Illinois/Texas/New Mexico/Oklahoma/Montana) (HCSC) (headquartered in Chicago, IL) and its subsidiaries. See below for a detailed list of the subsidiaries. Full Story
  • BestWeek/BestReview Subscription Required A.M. Best Upgrades Credit Ratings of American Strategic Ins Corp; Assigns Ratings to Progressive Property Ins Company: A.M. Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “aa-” from “a+” of American Strategic Insurance Corp (ASI) and certain affiliates. The outlook of these Credit Ratings (ratings) has been revised to stable from positive. Concurrently, A.M. Best has assigned an FSR of A+ (Superior) and a Long-Term ICR of “aa-” to Progressive Property Insurance Company, a newly added affiliate. The outlook assigned to these ratings is stable. ASI and Progressive Property Insurance Company are domiciled in St. Petersburg, FL. See below for a detailed list of affiliates that have received rating upgrades. Full Story
  • BestWeek/BestReview Subscription Required A.M. Best Upgrades Credit Ratings of Wayne Cooperative Insurance Company: A.M. Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of Wayne Cooperative Insurance Company (Wayne Cooperative) (Clyde, NY). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. Full Story

Reinsurance

  • BestWeek/BestReview Subscription Required Willis Re Restructures Specialty Business: Willis Re said it restructured its specialty business to provide what it calls “improved clarity” of roles and accountability as it seeks to produced “a new generation of talented leaders with the right career development opportunities.” Full Story

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