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Armada Acquisition Corp. II today announced that it has completed a Sponsor Securities Purchase transaction under which Arrington XRP Capital Fund, LP has acquired the securities of Armada Acquisition Corp. II owned by Armada Sponsor II LLC, the sponsor of Armada. Under the terms of the Sponsor Securities Purchase Agreement, Arrington purchased 7,880,000…

AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Ratings to“ a-” from“ bbb+” of Reaseguradora Delta, S.A. and Reaseguradora Delta, C.A.. The outlooks of these Credit Ratings have been revised to stable from positive. Founded in Panama in 2010, Delta Panama offers treaty and facultative reinsurance for several lines of…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Eureka-Re SCC. Eureka, established in Barbados in 2009, is a regional reinsurer in Latin America. While most of the premium taken by the company is sourced from Latin America, it has diversified internationally, investing in seasoned personnel and systems.

The Best’ s Market Segment Report,“ Global Life/Annuity Reinsurers’ Capital Management Strategies Evolve to Achieve Target Returns and Meet the Needs of Cedents,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. According to this report, AM Best continues to observe an increase in reinsurance…

Accelerant Holdings, a leading technology company operating a data-driven risk exchange platform for the specialty insurance market, today announced financial results for the second quarter ended June 30, 2025. 1. Over the last 12 months, Accelerant generated $3.8 billion of Exchange Written Premium, including $1.1 billion in the second quarter alone— a 42%…

PEMBROKE, Bermuda—- AXIS Capital Holdings Limited, today announced that Vince Tizzio, President and CEO, and Peter Vogt, CFO, are scheduled to present at the 2025 KBW Insurance Conference in New York. AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. For more information about…

AM Best will deliver a presentation at the Reinsurance Association of America’ s“ Re Underwriting 2025: The Art and Science of Reinsurance Underwriting– Fundamentals and Current Issues,” event, which will take place Sept. 4-5, 2025, in New York, NY, at The Westin Grand Central Hotel. The session is scheduled for 9:45 a.m. -10: 45 a.m. on Friday, Sept. 5.

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Allianz Ayudhya General Insurance Public Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect AAGI’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business…

PASHA Insurance is wholly owned by PASHA Holding LLC, a diversified investment holding group in Azerbaijan. However, the asset base has a notable concentration in Azerbaijan, which exposes the company to the high economic, political and very high financial system risks. PASHA Insurance has a track record of strong operating results, evidenced by a net/net…

All outstanding Class A ordinary shares of Aspen to be redeemed for cash and delisted from NYSE; Aspen preference shares to remain outstanding. TOKYO& HAMILTON, Bermuda—- Sompo Holdings, Inc. announced today that a wholly owned subsidiary of Sompo International Holdings Ltd., has entered into a definitive merger agreement pursuant to which it will acquire 100%…

2025 AUG 26– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ ARGO PRO” by Mark Lerner DUANE Morris LLP, representing Argo Group International Holdings, Ltd. This application was made available to the public on August 09,…

Last week, during the National Association of Insurance Commissioners' Summer National Meeting in Minneapolis, Minn., NAIC members voted to adopt three proposals that will further protect consumers by helping guarantee insurers have the resources to pay policyholders' claims. This action comes after the NAIC Life Insurance and Annuities Committee passed…

The Best’ s Market Segment Report,“ Record CAT Bond Issuance Boosts ILS Capacity and Reshapes Pricing Landscape,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. According to this report, property catastrophe reinsurance pricing at the June 2025 renewals fell by approximately 10% in general on a…

Submitted by a Sacramento- area insurance agent, the measure appears to lack the kind of insurance-industry and political backing that would be necessary to gather the requisite signatures— and then run a multimillion-dollar political campaign to get it approved. Anyone in California with a spare $2,000 can submit an initiative. As California homeowners…

KKR& Co. Inc. announced today that Robert H. Lewin, Chief Financial Officer, will present at the Barclays Global Financial Services Conference on Monday, September 8, 2025 at 2:45 PM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information about KKR&…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of United States Liability Insurance Company and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company; Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company. All companies are domiciled in…