Firefighting

AM Best Affirms Credit Ratings of Accelerant Insurance Limited and Accelerant Specialty Insurance Company

Retrieved on: 
Monday, February 1, 2021

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (AIL) (Malta) and Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (AIL) (Malta) and Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR).
  • The companies are wholly owned subsidiaries of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

China.org.cn reveals insider stories of a special firefighter unit in China

Retrieved on: 
Monday, January 25, 2021

China.org.cn's short video reveals insider stories of a special firefighter unit in China.

Key Points: 
  • China.org.cn's short video reveals insider stories of a special firefighter unit in China.
  • The Fangzhuang Special Service Station of the Fengtai District Fire Rescue Detachment in Beijing is one of the first special service stations established in China.
  • In addition to performing firefighting duties on a daily basis, they also handle social welfare and chemical disasters throughout the northern region of the country.
  • Each carries an air tank weighing more than 10 kilograms while performing four sets of 50 push-ups for an hour a day.

Increased Regulations by Government Bodies on Use of Halogenated Flame Retardants Drive Demand Opportunities in Non-halogenated Flame Retardants Market: TMR

Retrieved on: 
Wednesday, January 20, 2021

Request for COVID-19 Impact Analysis on Non-halogenated Flame Retardants Market: https://www.transparencymarketresearch.com/Covid19.php

Key Points: 
  • Request for COVID-19 Impact Analysis on Non-halogenated Flame Retardants Market: https://www.transparencymarketresearch.com/Covid19.php
    As halogenated retardants are toxic, there is remarkable shift among many end-use industries toward the use of non-halogenated flame retardants.
  • This factor is expected to drive demand opportunities in the global non-halogenated flame retardants market.
  • This scenario highlights that the vendors in the global non-halogenated flame retardants market are likely to gain promising demand opportunities from construction industry.
  • Apart from this, many players in the market for non-halogenated flame retardants are concentrating on manufacturing mineral-based non-halogenated flame retardants including magnesium hydroxide and aluminum hydroxide.

Increased Regulations by Government Bodies on Use of Halogenated Flame Retardants Drive Demand Opportunities in Non-halogenated Flame Retardants Market: TMR

Retrieved on: 
Wednesday, January 20, 2021

The global non-halogenated flame retardants market is expected to clock a CAGR of ~8% across the forecast period of 2019-2027, state analysts at Transparency Market Research (TMR).

Key Points: 
  • The global non-halogenated flame retardants market is expected to clock a CAGR of ~8% across the forecast period of 2019-2027, state analysts at Transparency Market Research (TMR).
  • Request for COVID-19 Impact Analysis on Non-halogenated Flame Retardants Market: https://www.transparencymarketresearch.com/Covid19.php
    As halogenated retardants are toxic, there is remarkable shift among many end-use industries toward the use of non-halogenated flame retardants.
  • This factor is expected to drive demand opportunities in the global non-halogenated flame retardants market.
  • Apart from this, many players in the market for non-halogenated flame retardants are concentrating on manufacturing mineral-based non-halogenated flame retardants including magnesium hydroxide and aluminum hydroxide.

Statement of Acting Chairman Robert Adler on Kidde Inc. Civil Penalty

Retrieved on: 
Tuesday, January 5, 2021

WASHINGTON, Jan. 5, 2021 /PRNewswire/ --Today I offer my congratulations to the hardworking staff of the U.S. Consumer Product Safety Commission (CPSC) for their excellent work with the U.S. Department of Justice in reaching a civil penalty with Walter Kidde Portable Equipment Inc. (Kidde) in the amount of $12 million.

Key Points: 
  • WASHINGTON, Jan. 5, 2021 /PRNewswire/ --Today I offer my congratulations to the hardworking staff of the U.S. Consumer Product Safety Commission (CPSC) for their excellent work with the U.S. Department of Justice in reaching a civil penalty with Walter Kidde Portable Equipment Inc. (Kidde) in the amount of $12 million.
  • In addition to the monetary penalty, Kidde agreed to significant injunctive terms relating to future compliance.
  • This penalty is important not only because of its size, but also because it represents the first such penalty by CPSC after an unfortunate hiatus of several years.
  • Kidde Fire Extinguisher Recall from November 2, 2017: https://cpsc.gov/Recalls/2018/Kidde-Recalls-Fire-Extinguishers-with-Plas...

North American Firefighter PPE Market, 2020-2024 - Future Growth Potential Enhanced by Growth Opportunities in PPE Decontamination - ResearchAndMarkets.com

Retrieved on: 
Monday, January 4, 2021

The North American firefighter personal protective equipment (PPE) market generated revenues of $830.7 million in 2019.

Key Points: 
  • The North American firefighter personal protective equipment (PPE) market generated revenues of $830.7 million in 2019.
  • The high firefighting PPE adoption in North America resulted from stringent National Fire Protection Association (NFPA) regulations and higher adoption of technologically advanced PPE.
  • With the rise in a decontamination trend, manufacturers are increasingly developing firefighter PPE with enhanced washability features.
  • The introduction of connected PPE is coupled with enhanced analytical capabilities to boost the growth of next-generation, technologically advanced PPE in the region.

AM Best Assigns Preliminary Credit Assessment to Accelerant Insurance Europe Limited

Retrieved on: 
Monday, December 21, 2020

AM Best has assigned a Preliminary Credit Assessment (PCA) to Accelerant Insurance Europe Limited (Belgium) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of a- pca.

Key Points: 
  • AM Best has assigned a Preliminary Credit Assessment (PCA) to Accelerant Insurance Europe Limited (Belgium) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of a- pca.
  • The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group.
  • The PCA considers the role and strategic importance Accelerant Insurance Europe Limited will have as a member of Accelerant as its principal writer of business in the European Union going forward.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Accelerant Announces Entry into U.S. Market and Expansion of AM Best Group A- (Excellent) Rating

Retrieved on: 
Monday, December 21, 2020

The A- mark is in AM Best's Financial Size Category VIII, for companies with $100 - $250 million in adjusted policyholders' surpluses.

Key Points: 
  • The A- mark is in AM Best's Financial Size Category VIII, for companies with $100 - $250 million in adjusted policyholders' surpluses.
  • The group rating is inclusive of both its existing Malta-based carrier, Accelerant Insurance Limited, as well as its newly established carriers in Belgium, Accelerant Insurance Europe Limited, and Arkansas, Accelerant Specialty Insurance Company ("ASIC").
  • Accelerant was formed in October 2018 with the goal of providing a unique, technology-enabled capacity solution to MGAs in the UK and European markets.
  • Accelerant Insurance has been awarded an AM Best A- (Excellent) rating ensuring our Members and their customers can be confident that Accelerant has the financial strength to support them when they need it most.

AM Best Assigns Credit Ratings to Accelerant Specialty Insurance Company

Retrieved on: 
Monday, December 21, 2020

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- to Accelerant Specialty Insurance Company (ASIC) (Little Rock, AR).
  • The company is a wholly owned subsidiary of Accelerant Holdings (Accelerant) (Cayman Islands), the non-operating holding company of the Accelerant group.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Accelerant Insurance Limited

Retrieved on: 
Friday, December 18, 2020

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (Malta).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Accelerant Insurance Limited (Malta).
  • The ratings reflect the strategic importance of Accelerant Insurance Limited to the Accelerant group, along with Accelerants consolidated balance sheet strength, which AM Best categorises as very strong, as well as the groups adequate operating performance, limited business profile and appropriate enterprise risk management.
  • Accelerant Insurance Limited is the groups Malta-based insurance carrier, servicing MGAs in the United Kingdom, the European Union and Norway.
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .