White Mountains has taken another step along the acquisition trail with an agreement by a subsidiary to buy a majority stake in program administrator NSM Insurance Group for $368mn in cash.
Demotech has affirmed the A financial stability rating of Florida Specialty after the homeowners’ carrier arranged a loss portfolio transfer and additional reinsurance with Sirius.
Demotech has affirmed the crucial A ratings of all but one of the 16 Florida homeowners carriers that had been waiting for action from the firm since filing their annual financial statements at the start of March.
Imagin. The name may have been designed to conjure up some kind of utopia where swathes of credit risk are offloaded by Freddie Mac to the private market, easing the load on government finances in a housing downturn.
Reinsurers of Access Insurance Company renewed its giant quota share last November just weeks before the non-standard auto insurer's policyholders' surplus collapsed at the end of 2017, The Insurance Insider can reveal.
