Tag: Insurance
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Lloyd’s market set to pay out up to $4.3bn to customers
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LONDON: Lloyd’s, the world’s leading (re)insurance market, revealed that it will pay out in the range of $3…
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R&Q acquires Vigneron Insurance Company (VICI), to be merged with ICDC
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LONDON: Randall & Quilter Inv Hldgs Ltd (R&Q) has acquired the Montana captive insurer, Vigneron Insurance Company, Inc.…
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AM Best affirms credit ratings of EyeMed Insurance Company
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OLDWICK: AM Best, a global credit rating agency, news publisher and data provider specializing in the insurance industry,…
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SeABank and Prudential Vietnam jointly establish exclusive bancassurance partnership
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LONDON: Prudential Vietnam Assurance Private Limited, a subsidiary of Prudential plc, and Southeast Asia Commercial Joint Stock Bank…
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Declining rates could threaten profitability of U.S. workers’ compensation line
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NEW YORK: Declining rates and growing competition in the U.S. workers’ compensation insurance segment could begin to challenge…
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EFG Hermes enters insurance business with proposed acquisition of Tokio Marine Egypt
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CAIRO, EGYPT: EFG Hermes announced entry into a definitive sale and purchase agreement (SPA) to acquire a 75%…
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AM Best assigns credit ratings to new members of Westfield Group
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OLDWICK: AM Best has assigned the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit…
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AM Best maintains U.S. commercial lines insurance market outlook at stable
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NEW YORK: AM Best has maintained a market segment outlook of stable on the U.S. commercial lines industry…
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AM Best upgrades ratings of Petroleum Marketers Management Insurance Company
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OLDWICK: AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term…
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