Reinsurance

On Wednesday rating agency A.M. Best affirmed its issuer credit ratings (ICR) of “bbb+" for health insurer Aetna Inc. (AET). The ratings of all of its subsidiaries were reviewed as well. The revision resulted in a financial strength rating (FSR) of “A" and an ICR of “a+" for sixteen of its...

On June 29, A.M. Best Co. upgraded the financial strength rating (FSR) and issuer credit ratings (ICR) of the life and health subsidiaries of US operations of AEGON NV (AEG), referred to as Aegon USA, as well as the debt ratings of the outstanding notes issued. The outlook remains stable for the...

On June 22, A.M. Best Co. allotted a debt rating of “a-" to the senior unsecured notes of Lincoln National Corporation (LNC), keeping the outlook stable. In conjunction with assigning ratings, A.M. Best changed Lincoln’s outlook to stable from negative, reiterating the financial strength rating (...

The rating agency A.M. Best has conferred an “a-" on the recently issued $1 billion of senior notes by Prudential Financial Inc. (PRU). The notes have been sold in two tiers: $650 million of 5.375% 10-year notes and $350 million of 6.625% 30-year bonds. The proceeds from the issue will be used for...

Shares of Everest Re Group LTD (NYSE: RE) are higher on the session by 0.28%, currently trading at $75.42. The stock has been drifting lower over the past six months; a rally this week has now placed the stock right at the 50-day moving average. Options traders are picking up calls on the name as...

On Thursday, PartnerRe Ltd. (PRE) got its issuer credit rating (ICR) of "a-" and debt ratings affirmed by rating agency, A.M. Best, reflecting a stable outlook for all. Alongside A.M. Best has also affirmed the ICR of "aa-" and the financial strength rating (FSR) of "A+" (Superior) for the whole...

On Wednesday, A.M. Best Co. reiterated the ratings for Household Life Insurance Company and its wholly owned subsidiary, First Central National Life Insurance Company. These two form the key insurance operating entities of HSBC Finance Corporation, which is an indirect wholly owned subsidiary of...

Below are the top 4 small-cap financial stocks on the NASDAQ in terms of cash. Interactive Brokers Group Inc (NASDAQ: IBKR) had $23.73 billion of cash in the latest quarter, while its debt liabilities stood at $624.22 million. Penson Worldwide Inc (NASDAQ: PNSN) had $5.20 billion of cash and $161....

On Thursday, rating agency A.M. Best Co. affirmed the ratings of ProAssurance Corporation (PRA), its ProAssurance Group (ProAssurance) and its group associates; and PRA’s subsidiaries-- ProAssurance Wisconsin Insurance Company (ProAssurance Wisconsin) and PACO Assurance Company Inc. (PACO).    A....

Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation for the shares of Amerisafe Inc. (AMSF) to Neutral from Underperform. Although the current economic turmoil has weakened growth and the operating leverage of organizations across the...

Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation for the shares of Amerisafe Inc. (AMSF) to Neutral from Underperform. Although the current economic turmoil has weakened growth and the operating leverage of organizations across the...

Below are the top 5 mid-cap financial stocks on the NYSE in terms of cash. American International Group Inc (NYSE: AIG) had $69.53 billion of cash in the latest quarter, while its debt liabilities stood at $164.55 billion. Woori Finance Holdings Company Ltd (NYSE: WF) had $28.46 billion of cash and...

On Monday, the rating agency A.M. Best upgraded the issuer credit rating (ICR) and senior debt ratings of The Travelers Companies (TRV) from “a-" to “a" and revised the outlook for the ICRs from “positive" to “stable." A.M. Best has also upgraded the credit ratings of Travelers Group (Travelers),...

Symmetricom, Inc. (NASDAQ: SYMM), a worldwide leader in precise time and frequency technologies, today announced that Dave Cote, president and CEO, will present at the UBS Global Technology & Services Conference on Wednesday, June 9, 2010 at the Crowne Plaza Times Square in New York City. The...

On Wednesday, rating agency A.M. Best Co. reaffirmed the financial, debt and credit ratings of Humana Inc. (HUM) and its subsidiaries, thereby reiterating its stable outlook for the firm’s operations. Besides, A.M. Best also upgraded its ratings for some of Humana’s subsidiaries. The rating agency...