Reinsurer’s rating unaffected by move to Switzerland
AM Best describes new entity as ‘natural extension’ of parent company’s life re network
Decision is 'part of global restructuring'
Licensed as occasional reinsurer in newly deregulated market
Pref dividend also announced by the Bermuda-based P&C insurer
Regulators to question State Farm executives about the proposed increase at public hearing.
Wind speeds down. Rain accumulations of 3 to 5 inches in Texas. 10 inches in places.
Cat modelling agency expects onshore losses from Tropical Storm Edouard to be less than $100m. Offshore, newer platforms OK. Strength increasing to hurricane force.
Edouard expected to strengthen to hurricane strength before striking upper Texas coast
Tropical Depression Julian (10W), located near the Philippines, caused heavy rains. Now heading toward China.
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