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Concurrently, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of American Financial Group, Inc.. The Republic companies within Great American Contemporary are headquartered in Calabasas, CA, and most Bridgefield companies are headquartered in Lakeland, FL.. AM Best also has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” of…

The ratings also recognize Genseg’ s affiliation and strategic importance to its ultimate parent, Peña Verde, S.A.B., a leading group in Mexico’ s insurance and reinsurance industries, which provides synergies and operating efficiencies, as well as the reinsurance support from an affiliated company, Reaseguradora Patria, S.A.. Genseg initiated operations in…

Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 3.07% on the day to $305.63. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, […]

2025 DEC 10– 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“ RELIANCEMATRIX” by Christina D. Frangiosa Neal& McDevitt, LLC, representing Reliance Standard Life Insurance Company. This application was made available to the…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Lonpac Insurance Bhd. The outlook of these Credit Ratings is stable. The ratings reflect Lonpac’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise…

Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today that Ryan Krueger will join the company as Senior Vice President, Investor Relations, effective January 5, 2026. Prior to joining RGA, Mr. Krueger spent over a decade at investment bank Keefe, Bruyette& Woods, where he was Managing Director, Equity Research of…

Avalon is now able to provide extensive coverage to hurricane-prone areas from Brownsville, TX through Newport News, Va., enabling property owners in Tier 1 coastal markets to access Avalon's proven risk-management program. SCOTTSDALE, Ariz., Dec. 9, 2025/ PRNewswire-PRWeb/– Avalon Risk Management, a leading provider of commercial property insurance, announced…

STAMFORD, Conn.& CARMEL, Ind.—- Hildene Capital Management, LLC, an $18+ billion credit-focused alternative asset manager, today announced it has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company, a leading provider of fixed and fixed indexed annuity products in the U.S. SILAC is headquartered in Carmel, IN and has…

Berkshire Hathaway Inc. today announced the following leadership appointments across its non-insurance and insurance operations, as well as in corporate:. Adam M. Johnson, CEO of NetJets, has been appointed President of the Consumer Products, Service and Retailing businesses of Berkshire Hathaway, effective immediately, while continuing in his role at…

Florida is a high-risk insurance state when it comes to hurricanes. In 1993, the Florida legislature created the Florida Hurricane Catastrophe Fund to serve as an additional source of reinsurance capacity for Florida insurers. Florida also has a state-run insurer, Citizens Property Insurance Corporation, which is the insurer of last resort for…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora Agricola Comercial, S.A.. The outlook of these Credit Ratings is stable. ACSA was founded in 1973 and is a leading insurance company in El Salvador.

The December issue of Best’ s Review presents coverage of the top auditors and actuaries, as well as industry trends:. “Top Audit and Actuarial Firms” presents exclusive rankings of independent accountants and third-party actuaries.“ New Actuarial Guideline To Affect Offshoring Life Reinsurance Disclosure” explores how auditors and actuaries are preparing…

The ratings also reflect a rating drag due to the company’ s association with its parent, Petroleos Mexicanos. Ikal is the captive reinsurer of PEMEX, Mexico’ s state-owned oil and gas company. A partially offsetting balance sheet strength factor is the captive’ s dependence on retrocession coverage, driven by the large policy limits it offers to PEMEX.

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kansas City Life Insurance Company. At the same time, AM Best downgraded the FSR to B+ from B++ and the Long-Term ICR to“ bbb-” from“ bbb” of Grange Life Insurance Company. Concurrently, AM Best has revised the outlook to…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the pooled members of Selective Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of the ultimate parent, Selective Insurance Group, Inc.. In addition, AM Best has assigned a Long-Term IR of“ a-” to…

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Vietnam National Scale Rating of aaa.VN of Bao Minh Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings also factor in the neutral impact from BMI’ s majority owner, State Capital Investment Corporation, which is the sovereign…