Reinsurance News
INTEGRAND Assurance Company
A.M. Best changes credit ratings of INTEGRAND following regulatory action
6th June 2019
A.M. Best has changed the credit ratings of Puerto Rico-based P&C re/insurer, INTEGRAND Assurance Company, following a recent court decision that placed the firm under regulatory supervision primarily as a result of Hurricane Maria loss development. In response to the regulatory action, A.M. Best has removed from under review with negative implications ... Read the full article
Regulators suspend INTEGRAND’s cat business, A.M. Best downgrades ratings
19th March 2019
INTEGRAND Assurance Company, the Puerto Rico-based property and casualty (P&C) re/insurer, has been ordered to stop writing new catastrophe business by its regulator. Subsequently, A.M. Best has downgraded the company’s Financial Strength Rating from B++ (Good) to C++ (Marginal) and its Long-Term Issuer Credit Rating from ‘bbb+’ to ‘b’, while maintaining ... Read the full article
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