All posts in Insurance

Puerto Rico’s vibrant and internationally recognized insurance systems continuously strive for stability and growth.

Assured Guaranty pays $42M to insured PR bondholders
January 5, 2017, No Comments

Two bond insurance subsidiaries of Assured Guaranty Ltd., together with its subsidiaries, Assured Guaranty, have made in ...

Triple-S Management Corp. loses $1.9M in 3Q16
November 4, 2016, No Comments

Puerto Rican managed care company Triple-S Management Corporation announced Thursday consolidated revenues of $744.7 mil ...

A.M. Best affirms B++ rating for Multinational Life
September 20, 2016, No Comments

Multinational Life Insurance Company announced Monday that A.M. Best, the international rating firm for the insurance in ...

Assured has paid $205M in bond insurance claims
July 8, 2016, No Comments

Two bond insurance subsidiaries of Assured Guaranty Ltd. have made some $205 million in debt service payments to holders ...

New home insurer offers 20% refund for clean slate
June 8, 2016, No Comments

Following the success achieved with auto accident insurance firm Point Guard, the founding trio of entrepreneurs are now ...

A.M. Best: P.R.’s debt crisis remains test for insurers
May 13, 2016, No Comments

While insurers domiciled in Puerto Rico have maintained underwriting discipline and demonstrated favorable operating res ...

Compulsory policies drive Seguros Múltiples’s business
March 17, 2016, No Comments

In the eight months after entering the island’s compulsory auto insurance market, Cooperativa de Seguros Múltiples ha ...

MCS creates a new life and disability subsidiary in P.R.
January 21, 2016, No Comments

As part of a strategic move aimed at broadening its Puerto Rico products portfolio, MCS announced Wednesday it has creat ...

Gov’t, debt insurers trade barbs over ‘clawback’ lawsuit
January 12, 2016, No Comments

In the days since Assured Guaranty filed a lawsuit jointly with monoline insurer Ambac against the commonwealth of Puert ...

Ambac sues Puerto Rico gov’t over ‘illegal’ clawbacks
January 8, 2016, No Comments

New York-based Ambac Financial Group Inc. on Thursday filed a lawsuit to protect its rights against what it deemed the ...