HML acquires property management business

LONDON: HML Holdings plc, a leading provider of property management, insurance and ancillary services to residential property blocks, has announced the acquisition of Leasehold Management Limited (LML) for a consideration of £438,000 plus an additional payment for the surplus working capital. Alec Guthrie, Chief Executive of HML, said: “The Acquisition… Continue reading

AM Best assigns credit ratings to Universal Insurance Company, Guernsey

LONDON: AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Universal Insurance Company, Guernsey. The outlook assigned to these Credit Ratings is stable. The ratings reflect UIC’s balance sheet strength, which AM Best categorises as strong, as well as… Continue reading

AM Best affirms ratings of First Guard Insurance Company

OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of First Guard Insurance Company. The outlook of these Credit Ratings remains stable. First Guard is a subsidiary of Biglari Holdings Inc. The ratings reflect First Guard’s balance sheet strength,… Continue reading

AM Best maintains U.S. personal lines insurance market outlook at stable

NEW YORK: AM Best has maintained a market segment outlook of stable on the U.S. personal lines industry for 2020, citing a significant decline in catastrophe activity, profitable underwriting performance in the private passenger auto segment and the sector’s overall strong risk-adjusted capitalization levels. A new Best’s Market Segment Report,… Continue reading

AM Best assigns credit ratings to Insurance House P.S.C

LONDON: AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Insurance House P.S.C.. The outlook assigned to these ratings is stable. The ratings reflect IH’s balance sheet strength, which AM Best categorises as very strong, as well as its… Continue reading

AM Best affirms credit ratings of RF&G Insurance Company Limited

MEXICO CITY: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of RF&G Insurance Company Limited. The outlook of these Credit Ratings remains stable. The ratings reflect RF&G’s balance sheet strength, which AM Best categorizes as very strong, as well… Continue reading