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A.M. Best Assigns Ratings to Tower Health & Life Limited; Affirms Ratings of Tower Limited, Tower Insurance Limited ...
Published December 5, 2008, 8:01 am, Business Wire via Yahoo! Finance
OLDWICK, N.J.----A.M. Best Co. has assigned a financial strength rating of A- and an issuer credit rating of “a-” to Tower Health & Life Limited . Concurrently, A.M. Best has affirmed the FSR of A- and the ICR of “a-” of Tower Insurance Limited and Tower Life Limited and the ICR of “bbb-” of Tower Limited .
The Hartford Holds New York Investor Meeting
Published December 5, 2008, 5:30 am, Business Wire via Yahoo! Finance
HARTFORD, Conn.----The Hartford Financial Services Group, Inc. : Company increases 2008 guidance range to $4.70 to $4.90 Operating businesses continue to perform well in challenging environment, reflecting strong underwriting in P&C Operations and sharpening of focus in Life Operations Year-end capital outlook for company’s Life and Property and Casualty Operations remains strong
Feedback
Published December 5, 2008, 3:00 am, BusinessWeek
Readers responded with frustration and outrage to "The Subprime Wolves Are Back," our Dec. 1 Cover Story about former subprime lenders and brokers reinventing themselves as purveyors of government-insured FHA mortgages. Many who commented asked why more...
Where will investment bankers go?
Published December 5, 2008, 2:39 am, CNN Money
Investment banking, once among the most coveted and highest-paying fields on Wall Street, can't seem to catch a break these days. Not only have the last two major holdouts -- Goldman Sachs and Morgan Stanley -- given up their status as stand-alone investment banks to become bank holding companies, but they and rival banks are shedding investment bankers and related staff in droves.
Credit crisis delaying home purchases, mortgage approval
Published December 4, 2008, 10:20 pm, The News-Press
Changes in the housing market can change the nature of home-sale transactions.
Analyzing the Credit Crisis: Was the SEC Missing in Action?
Published December 4, 2008, 5:13 pm, Law.com
Sometime in the next decade, an economic historian will write the definitive account of the 2008 credit crisis. The extent to which there was a regulatory failure is a critical issue that such a history must face. Indeed, this issue is sufficiently pressing that even at this early point it needs to be addressed. What responsibility does the SEC bear for not resisting the steady slide of the ...
Lenders Nervous About Risk, Even If the Risk Isn't You
Published December 4, 2008, 2:00 pm, HispanicBusiness.com
DETROIT -- Jerrid Mooney was pumped about closing on his condo several months ago. He was counting the days and telling his friends. He had 20 percent down and a credit score that he calls "stratospheric." Yet hours before the Aug. 16 closing was scheduled to happen, the bank called it off.
A.M. Best Affirms and Upgrades Ratings of RSA Group of Canada
Published December 4, 2008, 12:54 pm, Business Wire via Yahoo! Finance
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength ratings of A- and issuer credit ratings of “a-” of Royal & Sun Alliance Insurance Company of Canada and Quebec Assurance Company . A.M.
21st Century Holding Company's Subsidiary Federated National Insurance Company Approved to Take Out Up to 30,000 ...
Published December 4, 2008, 11:20 am, GlobeNewswire via Yahoo! Finance
LAUDERDALE LAKES, Fla., Dec. 4, 2008 -- Federated National Insurance Company , a wholly-owned subsidiary of 21st Century Holding Company , an insurance holding company, today announced that it received approval from the Florida Office of Insurance Regulation to take out up to 30,000 homeowner insurance policies in the state of Florida from Citizens Property Insurance Corporation over the next ...
Ratings Recap: China Ins (NZ), Wagram (EDF), Ecclesiastical, Ansvar, Russian Re, ZEP Re
Published December 4, 2008, 9:26 am, Insurance Journal
A.M. Best Co. has revised the outlook to positive from stable for New Zealand-based China Insurance (NZ) Company Limited (CINZ) and has affirmed the financial strength rating of 'B+' (Good) and ...
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