A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and upgraded the issuer credit rating to “bbb+” from “bbb” of Interglobal Insurance Company Limited (Interglobal) (UK). The outlook for both ratings is stable.
The rating actions reflect Interglobal’s improving business position, good prospective earnings and strong risk-adjusted capitalization.
In A.M. Best’s opinion, Interglobal has [...]

Following the redomestication of ACE Limited’s holding company to Zurich in July 2008, the ACE Group has now taken the additional step of founding a new Swiss insurance company. The new company – ACE Insurance (Switzerland) Limited, a subsidiary of ACE Limited – will manage the insurance and reinsurance business of the Zurich branch [...]

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a- of Bison Insurance Company Limited (Bison) (Hamilton HM 11, Bermuda). The outlook for both ratings is stable.
The ratings reflect Bison’s historically adequate capitalization, generally favorable operating performance, conservative reserve levels and effective management of its catastrophe exposures. [...]

Please replace the release dated November 14, 2008 with the following corrected version due to multiple revisions.
A.M. Best Co. has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-”of Exporters Insurance Company (Europe) Limited (Exporters Europe) (United Kingdom) under review with negative implications. A.M. Best also has affirmed the ratings.
The [...]

A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Hang Seng General Insurance (Hong Kong) Company Limited (HSGI). The outlook for both ratings is stable.
The ratings reflect HSGI’s solid risk-adjusted capitalization, profitable underwriting performance and prudent investment portfolio. The ratings also acknowledge the company’s [...]

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of LIG Insurance Company Limited (LIG) (South Korea). The outlook for both ratings is stable.
The ratings reflect LIG’s improved capitalization, sound underwriting performance, excellent market profile and stable investment performance. The ratings also recognize the company’s [...]

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of “a+” of Travelers Insurance Company Limited (TIC) (United Kingdom). The outlook for both ratings remains stable.
The ratings continue to reflect TIC’s excellent risk-adjusted capitalisation and operating performance as well as its strong UK business profile. The ratings [...]

Independence Holding Company reported declaration of a semi-annual cash dividend of $0.025 per share of common stock, payable to stockholders of record on July 6, 2009, with a payment date of July 20, 2009.
IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks of policies [...]

Enstar Group Limited announced that its wholly-owned subsidiary, Nordic Run-Off Limited, had entered into a definitive agreement for the purchase of Copenhagen Reinsurance Company Ltd. (“Copenhagen Re”) from Alm. Brand Forsikring A/S. Copenhagen Re was placed into run-off in 2001.
The purchase price of approximately $28 million is expected to be financed from available cash on [...]

C.V. Starr & Company, a subsidiary of C. V. Starr & Co., Inc., is pleased to announce that it will begin offering its Resolute PortfolioSM products, designed specifically for Private and Public Companies as well as Not For Profit Organizations, through Starr Indemnity & Liability Company (Starr Indemnity) for business effective June 1, 2009 and [...]