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121 through 140 of 593 matching documents, best matches first.   Sort by date

AM Best Assigns Issue Credit Rating to Massachusetts Mutual Life Insurance Company’s Surplus Notes
Credit Rating (rating) is stable. All other Long-Term IRs of MassMutual and its subsidiaries are unchanged. MassMutual's financial leverage and interest coverage ratios are within ...
Source: BestWire   Date: December 7, 2022
AM Best Affirms Credit Ratings of MS Amlin Insurance SE
Insurance Group Holdings, Inc. (MS&AD). AM Best expects MS AISE's risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR), to remain at least at the very ...
Source: BestWire   Date: November 30, 2022
MassMutual CEO Seeks to Build on Company’s Strengths as Challenging 2023 Looms
Massachusetts Mutual Life Insurance Co. Chairman and Chief Executive Roger Crandall hopes to gird against any potential rough patches by going more digital. By bolstering its ...
Source: BestWire   Date: November 23, 2022
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MS&AD Moves to First-Half Net Loss, Hit by Domestic Catastrophe and Higher COVID-19 Losses
Subsidiary MS Amlin Underwriting Ltd. was recently hit with a £9.7 million ($10.9 million) penalty from a U.K. financial regulator for failing to comply with underwriting and risk ...
Source: BestWire   Date: November 18, 2022
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UK Regulator Fines MS Amlin $10.9 Million for Past Risk-Management Failures
Authority said in a statement. The failures took place between Sept. 1, 2014 and Dec. 31, 2019, the PRA said in a statement. "The penalty reflects the seriousness of MSAUL's ...
Source: BestWire   Date: October 20, 2022
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Update: UK Court Sides With Insurers in $1.25 Billion Stonegate Business Interruption Case
...Adds comment from Stonegate in the opening four paragraphs.) Plaintiff Stonegate Pub Co. vowed to appeal as a U.K. court ruled in favor of insurers in a business interruption case ...
Source: BestWire   Date: October 17, 2022
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AM Best Affirms Credit Ratings of MS First Capital Insurance Limited
Insurance Limited (MSFC) (Singapore). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect MSFC's balance sheet strength, which AM Best assesses as very ...
Source: BestWire   Date: October 5, 2022
Mitsui Sumitomo Eyes US Market With Acquisition of Fronting Company Transverse
Mitsui Sumitomo Insurance Co. Ltd. agreed to acquire Transverse Insurance Group LLC in a move that would allow Mitsui Sumitomo to build a U.S. presence. The acquisition would help ...
Source: BestWire   Date: August 10, 2022
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Fiscal First-Quarter Profit Falls for MS&AD on Catastrophe, Ukraine Losses
Insurance Group Holdings Inc. posted lower fiscal first-quarter net income on catastrophe losses in Japan and the impact of the Ukraine-Russia conflict on its MS Amlin subsidiary. ...
Source: BestWire   Date: August 5, 2022
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AM Best Affirms Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries
...Mutual Global Funding II. The outlook of these Credit Ratings (rating) is stable. (See below for a detailed listing of the Long-Term IRs and Short-Term Issue Credit Rating.) ...
Source: BestWire   Date: July 8, 2022
AM Best Affirms Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its Affiliates
Sumitomo Insurance Company, Limited (MSI) (Japan). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa" (Superior) of MSI's U.S. operating ...
Source: BestWire   Date: June 16, 2022
National Indemnity Sues Reinsurers for $157.2 Million in Asbestos-Related Claims
Montana in the early 1970s. The Berkshire Hathaway affiliate is seeking declaratory relief and demand for a jury trial to obtain reinsurance payments stemming from an insurance ...
Source: BestWire   Date: June 8, 2022
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UK Pub Group Stonegate Increases Business Interruption Claims Against Insurers to $1.38 Billion
April 11, 2021 as the original complaint had it. Also, the estimated total "additional increased cost of working" increased to £130.7 million from £39.3 million in the original ...
Source: BestWire   Date: June 7, 2022
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MS Amlin Narrows Losses, Improves Combined Ratio in 2021
Insurance Group Holdings Inc. Its combined ratio improved to 107.4 in 2021, down 2 percentage points from 2020. Its net premiums written were £2.8 billion, up £132 million from ...
Source: BestWire   Date: May 20, 2022
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AM Best Affirms Credit Ratings of Nectaris Re Ltd.
...Term Issuer Credit Rating of "a" (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings Ltd. (both domiciled in Bermuda). The outlook of these ...
Source: BestWire   Date: May 13, 2022
Update: MassMutual Subsidiary Gets $1.84 Million Job Creation Tax Credit
...Corrects states competing for Great American's offices location.) The Ohio Tax Credit Authority has approved a job creation tax credit valued at $1.84 million for Great American ...
Source: BestWire   Date: March 30, 2022
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AM Best Revises Issuer Credit Rating Outlook to Negative for MS Amlin AG; Affirms Credit Ratings
Amlin AG (Switzerland). The outlook of the FSR is stable. These Credit Ratings (ratings) reflect MS Amlin AG's balance sheet strength, which AM Best assesses as very strong, as ...
Source: BestWire   Date: February 23, 2022
AM Best Comments on Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subs Following Launch of New Reinsurer
Martello Re Limited (Martello Re). The launch of Martello Re, with an initial equity of $1.65 billion, has the financial support of MassMutual, Centerbridge Partners, Brown ...
Source: BestWire   Date: January 13, 2022
Life Reinsurer Martello Re Launches With $1.65 Billion in Equity and MassMutual Backing
Massachusetts Mutual Life Insurance Co. and other investors. The reinsurer will initially focus on providing MassMutual and its subsidiaries with reinsurance capacity on current ...
Source: BestWire   Date: January 12, 2022
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MS Amlin Launches Second Special Purpose Reinsurance Vehicle in Asia Pacific
Amlin Asia Pacific Pte. Ltd. has launched a second local special purpose reinsurance vehicle, Phoenix 2 Re Pte. Ltd., with $37.5 million of collateralized capacity. It will provide ...
Source: BestWire   Date: January 6, 2022
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