A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Virginia Surety Company, Inc. (Virginia Surety) (Chicago, IL). The outlook for both ratings is stable.
Full Press Release from A.M Best: http://www3.ambest.com/ambv/bestnews/presscontent.aspx?AltSrc=14&refnum=21881
Purchase of Market Leading Mobile Device Insurance Provider in France
Atlanta, Oct. 27, 2014 –Assurant Solutions, a business segment of Assurant, Inc. (NYSE: AIZ), has made a binding offer and has been granted exclusivity to acquire CWI Group, a market leading mobile insurance administrator in France, for approximately €56 million ($71 million), subject to certain conditions with a possible earnout payment based on future performance. The acquisition would strengthen Assurant Solutions’ market-leading capabilities in mobile device protection and expand its distribution into independent retailers and the financial services affinity market in Europe.
CNA Warranty announces a strategic alliance with Remi®, a leading equipment maintenance and asset management program service provider.
Full Release from PR Newswire: http://www.prnewswire.com/news-releases/cna-warranty-partners-with-remi-to-offer-new-equipment-maintenance-program-125313210.html
August 29, 2014 09:24 AM Eastern Daylight Time
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a financial strength rating of B++ (Good) and an issuer credit rating of “bbb+” to Ally International Insurance Company Ltd. (Ally IICL), which is ultimately owned by Ally Financial, Inc. (Ally Financial). The outlook assigned to both ratings is stable. Ally IICL is domiciled in Hamilton, Bermuda.