trending Market Intelligence /marketintelligence/en/news-insights/trending/S05nkPFSo7-gpE03HXJXCg2 content esgSubNav
In This List

Puerto Rico insurance commissioner places restrictions on Integrand Assurance

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Puerto Rico insurance commissioner places restrictions on Integrand Assurance

Puerto Rico's insurance commissioner has imposed limitations on Integrand Assurance Co.'s ability to write new business, ruling that it can no longer cover new catastrophic risks in commercial and personal property insurance, Caribbean Business reported.

The company was restricted to renewing existing policies related to such risks.

Additionally, the insurer cannot proceed with fee payment increases and declare dividends and must also submit monthly financial reports. Commissioner Javier Rivera Ríos stressed that the insurer is not insolvent, but that this could change if it fails to take corrective action.