All posts in Insurance

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

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 ...

A.M. Best: P.R.’s insurance sector hit by debt crisis
August 11, 2015, No Comments

Although most insurance carriers in Puerto Rico maintain sufficient capital to support lower bond ratings given their ad ...

Bond insurers get ‘Stable’ outlook despite P.R. exposure
July 7, 2015, No Comments

Assured Guaranty Municipal and National Public Finance Guarantee, two bond insurers with exposure to Puerto Rico, recent ...

A.M. Best: P.R.’s economic struggles an ongoing challenge
July 6, 2015, No Comments

Puerto Rico bonds have historically been well-received at issuance as they are triple tax-exempt, offering an alternativ ...