A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the insurance operating subsidiaries of Bermuda-based American Safety Insurance Holdings, Ltd. (ASI), which includes: American Safety Casualty Insurance Company, based in Oklahoma City,  American Safety Indemnity Company, also in Oklahoma City, Bermuda-based  American Safety Reinsurance, Limited (ASRE) and its affiliate, American Safety Risk Retention Group, Inc. , which is based in (more…)

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., announced two additions to the New York Metro team: Robert Reers as president and Susan Fanciullo as senior vice president of operations.
As president, Reers will focus on growing and expanding the New York operation, while continuing to oversee employee benefit services. Fanciullo will lead the New York operations team which includes account management, analytics and underwriting, marketing, (more…)

The UK’s pensions providers need to find new ways for people to top up and manage their pension payments, according to research from Friends Life.
A study for Friends by the Future Foundation indicates that millions of Britons are keen to pay into their pensions using an ATM, making deposits in cheques, cash and by transferring funds from their bank accounts.
The idea is one of several mooted in a report by the think tank addressing the UK’s pensions black hole.
The study also recommends (more…)

A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Starr International Insurance (Singapore) Pte. Ltd. (SIIS), a wholly owned subsidiary of Bermuda-based Starr Insurance & Reinsurance Limited (SIRL) and an indirect wholly owned subsidiary of Panama-based Starr International Company, Inc., a private investment holding company. The outlook assigned to both ratings is stable.
The ratings reflect SIIS’ “solid risk-adjusted capital and (more…)

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