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AM Best Revises Outlooks to Stable and Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its Rated Subsidiaries

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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a of Aspen Insurance UK Limited (AIUK) (United Kingdom), Aspen Bermuda Limited (ABL) (Bermuda), Aspen American Insurance Company (AAIC) (Austin, TX) and Aspen Specialty Insurance Company (ASIC) (Bismarck, ND). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of bbb of Aspen Insurance Holdings Limited (Aspen) (Bermuda), the non-operating holding company of the Aspen group of companies. AM Best has also revised the outlook to stable from negative and affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt instruments and preference shares of Aspen. (Please see below for a detailed listing of the Long-Term IRs.) ....

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AM Best : Revises Outlooks to Stable and Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its Rated Subsidiaries

AM Best : Revises Outlooks to Stable and Affirms Credit Ratings of Aspen Insurance Holdings Limited and Its Rated Subsidiaries
04/30/2021 | 12:41pm EDT
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Aspen Insurance UK Limited (AIUK) (United Kingdom), Aspen Bermuda Limited (ABL) (Bermuda), Aspen American Insurance Company (AAIC) (Austin, TX) and Aspen Specialty Insurance Company (ASIC) (Bismarck, ND). Concurrently, AM Best has revised the outlook to stable from negative and affirmed the Long-Term ICR of “bbb” of Aspen Insurance Holdings Limited (Aspen) (Bermuda), the non-operating holding company of the Aspen group of companies. AM Best has also revised the outlook to stable from negative and affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt instrumen ....

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U.S. District Court for the Western District of Pennsylvania: Actions Taken on Feb. 22

U.S. District Court for the Western District of Pennsylvania: Actions Taken on Feb. 22
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Physicians Protector Plan® Announces a New Partnership with CyberScout

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Physicians Protector Plan, a division of Protector Plans and underwritten by Aspen American Insurance Company, has partnered with CyberScout, an industry leader in cyber risk protection and incident response services, to provide their physician insureds with award-winning data breach services to help protect their business and customers from the risks and repercussions of a data breach incident.
TAMPA, Fla. (PRWEB) January 19, 2021
Physicians Protector Plan, a division of Protector Plans, has partnered with CyberScout, an industry leader in cyber risk protection and incident response services, to provide their physician insureds with award-winning data breach services to help protect their practices and patients from the risks and repercussions of data breach incidents. These data breach services are available as part of cyber liability coverage offered by Aspen American Insurance Company ( AAIC ). The risk to physicians and patients is troubling; the cost of ....

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Insurers' COVID-19 Notepad: What You Need to Know Now (Week of December 21) | All Alerts & Newsletters

Dec.22.2020
Courts Dismiss COVID-19 Business Interruption Claims
On December 17, 2020, the district court for the Middle District of Florida granted DTW 1991 Underwriting Limited’s motion to dismiss a bar’s COVID-19 business interruption complaint. According to the court, because the plaintiff did not suffer any tangible damage, and instead alleged that its loss was tied to the government shutdown orders, the loss was only economic, which “is not the type of loss that [the] Defendant undertook to pay for based on the plain meaning of the language in the policy.” Order at 15. Finding amendment would be futile, the court dismissed the case with prejudice. ....

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