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White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal was first announced.Out of that total, White Mountains used $160 million to buy out some Sirius assets it plans to...

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Accredited Surety and Casualty Company, Inc. (Accredited) (Orlando, FL). The outlook of these Credit Ratings (ratings) is stable. Accredited is wholly owned by Randall & Quilter Investment...

Strong construction growth drives bonding demand, but also a labor shortage, giving rise to increasing claims The fortunes of the surety sector are, naturally, directly linked to those of the construction industry. After reaching a high mark of more than $5.5 billion in premium in 2008, that number decreased...