Reinsurance

Expected claims payments to Los Angeles County wildfire victims appear to have exceeded $900 million for the state's insurers of the last resort, allowing it to tap into "reinsurance" payments from back-up providers. In earlier statements, the FAIR Plan said it can only tap into reinsurance– essentially insurance for insurance companies– once it pays its first…

THE HARTFORD FINANCIAL SERVICES GROUP, INC.. Hartford Fire Insurance Company ratings are on positive outlook at Standard and Poor's and Moody's and on stable outlook at A.M. Best Hartford Life and Accident Insurance Company ratings are on positive outlook at Standard and Poor's and on stable outlook at A.M. Best and Moody's Navigators Insurance Company…

The Hartford today announced financial results for the fourth quarter and year ended Dec. 31, 2024. The Hartford’s Chief Financial Officer Beth Costello said,“ Commercial Lines had a strong quarter with top-line growth of 6 percent and an underlying combined ratio of 87.1. Fourth quarter 2024 net income available to common stockholders of $848 million, or…

Erste Conviction Equity Investors Conference 2025. WELL DIVERSIFIED AND SOLIDLY CAPITALISED INSURANCE GROUP WITH CONTINUOUS DIVIDEND PAYOUTS SINCE 1994. as of 31 December 2023.

It should be read in conjunction with the documents that the Company files with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934.. AXIS Capital Holdings Limited's underwriting operations are organized around its global underwriting platforms, AXIS Insurance and AXIS Re.

Selective Insurance Group, Inc. reported financial results for the fourth quarter ended December 31, 2024, with net income per diluted common share of $1.52 and non-GAAP operating income 1 per diluted common share of $1.62. Net unfavorable prior year casualty reserve development of $100 million increased the combined ratio by 8.8 points.

Document Filed by 180 Degree Capital Corp. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14 a-12 under the Securities Exchange Act of 1934 Filer: 180 Degree Capital Corp. Subject Company: 180 Degree Capital Corp. SEC File No.: 811-07074 Date: January 29, 2025 180 Degree Capital Corp. Responds to Non-Binding Proposal from…

Members of AM Best’ s insurance ratings and analytics team will deliver market analysis and share their perspectives on the global reinsurance market and leading issues relevant to primary insurers in France and across Europe at the annual market briefing taking place in Paris on Tuesday, 18 March 2025. Registration for the briefing begins at 9:30 a.m….

Aegon Ltd.’ s U.S. L/H companies are Transamerica Life Insurance Company and Transamerica Financial Life Insurance Company and referred to collectively as Aegon USA Group. AM Best expects Aegon USA to maintain its very strong balance sheet strength assessment in the near term, with a strong level of risk-adjusted capitalization, as measured by Best’ s Capital…

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A and the Long-Term ICRs of“ a” of Arbella Mutual Insurance Company and its three pooled insurance entities: Arbella Protection Insurance Company, Arbella Indemnity Insurance Company and Covenant Insurance Company.

Chubb Reports Fourth Quarter Per Share Net Income and Core Operating Income of $6.33 and $6.02, Respectively; Consolidated Net Premiums Written of $12.1 Billion, with Global P&C and Life Insurance Up 6.7% and 7.6%; P&C Combined Ratio of 85.7%; Record Full-Year Per Share Net Income of $22.70 and Core Operating Income of $22.51; Consolidated Net Premiums Written…

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. On November 1, 2023, the Company completed its acquisition of Validus Holdings, Ltd., Validus Specialty, LLC and the renewal rights, records and customer relationships of the assumed treaty…

KKR& Co. Inc. announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities 2025 Financial Services Conference on Tuesday, February 11, 2025 at 3:30 p.m. ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group.

Together with the Pacific Life Foundation, Pacific Life’ s global philanthropy program will focus on investing in community impact-driven programs that enable current and future generations to thrive, including college& career readiness, food security, and ocean health initiatives. The Foundation’ s first grants of the year include more than $2.5 million to…

WNS Limited, a digital-led business transformation and services partner, today announced a strategic multi-year engagement with Apollo, an innovative integrated insurance group focused on providing products and services to clients, brokers, and capital partners at Lloyd's. As part of the engagement, WNS will enable Apollo's' Fast Start' strategic partner…

NEW YORK& LONDON& MUMBAI, India—- WNS Limited, a digital-led business transformation and services partner, today announced a strategic multi-year engagement with Apollo, an innovative integrated insurance group focused on providing products and services to clients, brokers, and capital partners at Lloyd’ s. As part of the engagement, WNS will enable Apollo’ s‘ Fast…

Another new property insurer has been approved by Florida regulators to offer coverage in the state— the 11th since the Legislature enacted reforms to shore up insurers "bottom lines. Mangrove Property Insurance, based in St. Petersburg, was approved on Jan. 15 by the Office of Insurance Regulation for a certificate of authority to operate within the state, the…

January 22, 2025, 9:00 a.m. ET. Greg Toczydlowski- Executive Vice President and President of Business Insurance Jeff Klenk- Executive Vice President and President of Bond& Specialty Insurance Michael Klein- Executive Vice President and President of Personal Insurance Abbe Goldstein- Senior Vice President of Investor Relations. This transcript is a…

The Company expects to report full-year 2024 net income in the range of $1.3 billion to $1.4 billion and non-GAAP net operating income in the range of $1.2 billion to $1.3 billion. The reserve strengthening was fully offset by favorable development of well-seasoned reserves in property and mortgage lines. In the Company’ s Insurance segment, Everest…