Following the expected close in the first half of 2013, MKL
expects to write annual gross premiums of $4.
Acquired by MKL
in October 2010, the ratings for FirstComp recognize its strategic role within the group but also take into consideration its relatively narrow business profile, competitive market pressures and the challenges related to today's current macroeconomic factors.
Tickers featured: AEG, AIG, BER, IPCR, MKL
, MMC, PNG, RLI, WSH.
Tickers featured: ACE, AIG, AJG, AOC, BRO, CB, CNA, HCC, HGIC, HRH, KFS, MCY, MKL
, MMC, OCAS, PGR, SAFC, SIGI, SPC, STFC, TAP.
Tickers featured: BRO, FPIC, LNC, MKL
, MLAN, PRA, SPC, UNM.
Tickers featured: AGII, ALL, CGI, HCC, HIG, MCY, MKL
, MLAN, NAVG, PGR, PHLY, RLI, SAFC, SPC, TAP.
Tickers featured: AJG, AOC, BRO, HBG, HRH, MKL
, MMC, RLI, SPC, WSH.
Key ratings triggers that could lead to an upgrade of MKL
's ratings include improved operating company capitalization, a decrease in the target for maximum for long-term financial leverage and underwriting performance that causes Fitch to view MKL
as comparable from a ratings perspective with higher rated companies.
Acquired by MKL
in October of 2010, the rating actions for FirstComp recognize its new strategic role within the organization, its adequate risk-adjusted capitalization and favorable historical and prospective underwriting performance.
Tickers featured: ACE, AIG, ALL, AOC, AWAC, BER, BI, BRK, CB, GS, HIG, JNC, MKL
, MMC, PFG, PRE, PRU, RE, RNR, SPC, XL.
has continued to generate underwriting profits, they are down significantly from 2006 and 2007, and less favorable market trends may continue to affect results going forward.
Tickers featured: ACE, AIG, AJG, ALL, AOC, CAN, CB, CINF, HIG, LNC, MCY, MKL
, MMC, PGR, PHLY, RE, RNR, SPC, TWK, WSH, XL.