All the headlines from our Assurance Topic Page, ordered by recency.
Dec 16 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) of New Zealand’s Sovereign Assurance Company Limited, with a positive outlook.“The rating reflects...
Nov 28 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Bermuda-based Attorneys’ Liability Assurance Society Ltd. (ALAS) and...
Nov 13 2003 // A.M. Best Co. has affirmed the financial strength rating of “A+” (superior) of Bermudian insurer Allied World Assurance Co. Ltd. (AWAC) and its reinsured affiliated companies.Additionally, A.M. Best assigned an...
Sep 17 2003 // The Florida Department of Financial Services announced that the director of Hollywood-based Native Assurance Company has been charged with acting as an insurer without a certificate of authority. Native Assurance was...
Jul 14 2003 // Arch Insurance Group, a division of Arch Capital Group Ltd., announced that Jane Comerford was named to the position of vice president, Executive Assurance. In her new role, Comerford will focus on developing Arch’s...
Feb 24 2003 // Bermuda-based Allied World Assurance Holdings, Ltd. reported net income of $42.8 million for the fourth quarter and $127.6 million for the year ended Dec. 31, 2002. Allied World Assurance Holdings, Ltd. was incorporated in...
Feb 4 2003 // Eric W. Neely has been named president of Mt Washington Assurance Corporation, a member of the Plymouth Rock Companies, headquartered in Concord, NH. The company sells auto and homeowner insurance in New Hampshire through...
Nov 15 2002 // American International Group, Inc. (AIG) announced that the American International Companies have introduced Workplace Assurance(SM), an insurance coverage for the financial loss associated with incidents of violence in...
Oct 31 2002 // Two weeks before its first birthday Bermuda-based Allied World Assurance Holdings, LTD reported net income of $40.9 million for the third quarter and $84.9 million for the nine months ended September 30, 2002.The company...
Oct 29 2002 // Bermuda-based Allied World Assurance Holdings, Ltd. announced that the company has been granted a license to operate in Ireland and has commenced business with the opening of a new office in Dublin.The bulletin explained...
Aug 27 2002 // XL Capital Assurance Inc. (XLCA), a unit of Bermuda’s XL Capital Ltd., announced the formation of a financial guarantee subsidiary in London, XL Capital Assurance (U.K.) Limited (XLCA-UK), specializing in credit...
Aug 5 2002 // Fitch Ratings has lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society (Bermuda) Ltd. (ALAS) to ‘AA-‘ from ‘AA’. The Rating Outlook is Stable.Fitch’s...
Aug 5 2002 // Fitch Ratings has lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society (Bermuda) Ltd. (ALAS) to ‘AA-‘ from ‘AA’. The Rating Outlook is Stable.Fitch’s...
Jul 24 2002 // Fitch Ratings lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society Ltd. (ALAS) of Bermuda to “AA-” from “AA”. The rating outlook is stable.Fitch’s...
Jul 23 2002 // Bermuda-based Allied World Assurance Holdings, Ltd, has reported net income of $26.2 million for the second quarter and $44.0 million for the six months ended June 30, 2002.Gross premiums written were $278.5 million in the...
Jul 17 2002 // Allied World Assurance Holdings, Ltd. announced that its Irish resident subsidiary, Allied World Assurance Holdings (Ireland), Ltd. has completed the acquisition of Commercial Underwriters Insurance Company and Newmarket...
Jun 26 2002 // American Physicians Assurance Corporation (APA), a subsidiary of East Lansing, Mich.-based American Physicians Capital Inc., has filed notice with the Florida Department of Insurance that it plans to cease writing medical...
Mar 4 2002 // Insurer American International Group Inc. named John Doyle as president of American Home Assurance Co. Doyle previously held the title of executive vice president of AIG’s domestic brokerage group. Daniel Glaser,...
Jul 5 2001 // Medical Assurance Inc. and Professionals Group Inc. formally closed their consolidation on Wednesday, June 27, 2001. The merger creates the holding company ProAssurance Corporation, which will be the third largest medical...
Dec 25 2000 // XL Financial Assurance (XLFA) and XL Capital Assurance Inc. (XLCA), respectively the financial guarantee reinsurance and financial guarantee subsidiaries of XL Capital Ltd., received “AAA” ratings from both...