AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. In the second half of 2026, Zurich is expected to complete the acquisition of Beazley plc for a consideration of circa USD 11 billion. Once completed, AM Best expects Zurich’ s risk-adjusted…
Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” states that enhanced regulatory oversight, particularly for non-motor lines such as property and liability, is expected to support pricing discipline, strengthen distribution practices and promote prudent market conduct. “For Chinese Interest Aboard business, while…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Ping An Health Insurance Company of China, Ltd.. The ratings also reflect the implicit and explicit support that Ping An Health receives from its two major shareholders, Ping An Insurance Company of China, Ltd. and Discovery Limited, with respect to capital and…
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. In May 2026, GUNA Re recorded significant capital erosion arising from accounting treatment issues in the novation of an underwriting portfolio from the existing entity, NEWGT Reinsurance…
SPRINGFIELD— Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules that limit states' ability to direct higher reimbursement payments to facilities that serve the most vulnerable populations. And unless Congress acts to reverse those policies before they take full effect,…
Democrats held an event in Davenport Thursday to criticize Ashley Hinson's wealth and connections to the insurance industry. The Democrats pointed to Hinson's net worth, which is estimated to be $5.53 million, according to Quiver Quant, a website that aggregates public finance disclosure records. Democrats also criticized her votes for the Big Beautiful…
NEW YORK— Wall Street rallied Thursday as investors curbed their rate hike bets after U.S. Federal Reserve board member Christopher Waller said he would support holding the Fed funds target rate steady if data shows inflationary pressures are abating. All three major U.S. stock indexes closed at least 1% higher, with the Nasdaq enjoying a boost from the "…
—Stocks are mostly lower in the early going on Wall Street and Treasury yields are higher after a surprisingly strong report on the job market appeared to increase chances that the U.S. central bank could raise interest rates later this month. The government reported that U.S. employers added 162,000 jobs to their payrolls last month, far more than expected.
