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 [...]

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Fidelity National Financial Group (Fidelity) and its eight title insurance members. In addition, A.M. Best has removed from under review with negative implications and affirmed the [...]

Citing its financial strength, Mutual of Omaha announced that it will not participate in the in the U.S. Treasury Department’s Troubled Asset Relief Proposal (TARP) Capital Purchase Program.
“Mutual of Omaha has a strong capital position and good liquidity. We are profitable and fully able to meet our commitments to our policyholders. Therefore we elected not [...]

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Fidelity National Financial Group (Fidelity) and its eight title insurance members. In addition, A.M. Best has revised the outlook to negative from stable and affirmed the ICR [...]

American Equity Investment Life Holding Company announced that A.M. Best Company affirmed its financial strength rating of A- (Excellent) while revising the outlook to negative from stable. In affirming the rating, A.M. Best recognized AEL’s:
* More than adequate level of risk-adjusted capitalization
* Consistently positive GAAP operating results
[...]

Flagstone Reinsurance Holdings Limited announced that AM Best Company has assigned Flagstone Reinsurance Africa Limited an ‘A-’ financial strength rating (FSR), and an issuer credit rating (ICR) of “a-“. The rating reflects the strong capitalization of the Flagstone Group and a full parental guarantee from Flagstone Reassurance Suisse SA, the majority owner of Flagstone Reinsurance [...]

Fox Insurance Company (the Company), a New York-based Medicare Part D provider announced today that it has contracted with Senior Financial Solutions (SFS) to provide sales support for their new EGWP product (employer & union sponsored retiree benefits). This new alliance will provide Fox Insurance Company with additional independent representatives who will market Fox’s products [...]

Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best’s Review’s annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with [...]

The New Mexico Superintendent of Insurance announced June 30, 2009, that effective August 1, 2009, real estate title insurance premiums would rise by 10.7 percent overall. Additionally, the remittance rates from title agencies to underwriters increased from 19 percent to 20 percent for residential properties. A new rate schedule has yet to be released.
This ruling [...]

Great American Life Insurance Company, a subsidiary of Great American Financial Resources, Inc., is pleased to introduce Safe ReturnSM, a new single premium fixed-indexed annu­ity product designed for those who desire wealth protection and growth potential. Safe Return is unique to the Great American Life product lineup in that it offers clients the security of [...]