Performance
A.M. Best Moves Tower Rating Status to Developing, Still Under Review
On Friday, A.M. Best Co. announced that it changed the "under review" status Tower Group ratings to "under review with developing" implications rather than "negative" implications—a reaction to ...
Fitch Changes Tower Group’s Rating Watch Status from Negative to Evolving
On Monday, Fitch Ratings revised the Rating Watch status of Tower Group International, Ltd. to Rating Watch Evolving from Rating Watch Negative following Tower's announcement of a planned merger with ...
AmTrust Acquiring Tower Commercial Renewals; Tower Merging with ACP Re
In two separate announcements this morning, AmTrust Financial Services said it would acquire renewals rights for Tower Group International's commercial lines business for $125 million, and Tower said ...
Fitch Drops Tower Group Rating Another Notch to ‘B’ as RBC Ratios Fall
Fitch Ratings announced Thursday that it downgraded the insurer financial strength ratings of the operating subsidiaries of Tower Group International, Ltd.'s to "B" from "BB." In October 2013, ...
Buffett’s Berkshire Likely Missing Target for First Time in Four Decades
Warren Buffett probably missed his target for the first time in 44 years. Berkshire Hathaway Inc., his $292 billion company, is poised to report that it failed to increase net worth more rapidly than ...
AmTrust Announces First Stock Repurchase Plan Since 2007
AmTrust Financial Services Inc. gained in New York trading Thursday after the insurer's board approved the repurchase of as much as $150 million in shares following a stock slump last month. The ...
Fastest Growing E&S Carriers in Top 30 Revealed: Fitch Report
In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The ...
Chart-Topping Carrier Management Charts: Top D&O Insurers, Analytics Analysis
In addition to feature articles, news articles, videos and podcasts, Carrier Management published dozens of charts in 2013, the most popular of which featured rankings of insurers. As the year comes ...