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Bermuda re/insurer Lancashire Holdings Ltd received a boost yesterday, when AM Best Co upgraded the financial strength rating of its operating companies to A from A-. Issuer credit ratings of Lancashire Insurance Company Ltd and Lancashire Insurance ...

Alterra Capital Holdings Ltd., the Bermuda-based reinsurer, expects to lose $18 million to $28 million before taxes because of costs tied to tornadoes and other severe U.S. storms in April and May. The prediction, which also cited recent flooding alo...

AM Best Co has upgraded the issuer credit ratings (ICR) and senior debt ratings to “a” from “a-” for Ace Ltd and Ace INA Holdings Inc. Concurrently, Best has upgraded the ICR to “aa” from “aa-” and affirmed the financial strength rating of A+ (superi...

NEW YORK (Reuters) - Catastrophe modeller Eqecat released a defence of its loss estimate of $3 billion to $5 billion for last Monday’s Christchurch earthquake, saying its models suggested that would be the incremental damage to the city over and abov...

Global property and casualty insurer Ace Ltd said yesterday it acquired the 49 percent of its Malaysian joint venture that it did not already own, from Advance Synergy Capital Berhad for $39 million in cash. The purchase of Ace Synergy Insurance Ber...

Maiden Holdings Ltd has announced that its wholly-owned US holding company Maiden Holdings North America Ltd has priced the offering of $100 million aggregate principal amount of 8.25 percent senior notes due June 15, 2041. The notes, which are fully...