Hub strengthens Allianz Commercial's Latin American business and supports sustainable and profitable growth in the Americas. Miami's connectivity and talent pool position the new office as an optimal base for regional insurance business. Focus will be on facultative reinsurance, supporting operations in Argentina, Brazil, Colombia and Mexico and…
Reinsurance
Today, Congressman Jared Moskowitz reintroduced his Natural Disaster Risk Reinsurance Act, legislation designed to lower homeowners' insurance premiums, help families afford to stay in their homes, and stabilize Florida's collapsing insurance market. Florida currently faces the highest average homeowners insurance premiums in the country, driven…
Businesses are adopting Artificial Intelligence faster than ever, but their insurance has not kept pace. Counterpart, the leading Agentic Insurance™ platform, today announced the expansion of its Affirmative AI Coverage and the addition of a Technology E&O Insuring Agreement to address these emerging risks across its Miscellaneous Professional…
Are lower home insurance rates leading to cost reductions for Florida homeowners? After insurance leaders in Florida spent the last year touting the revival of a healthy insurance market, the South Florida Sun Sentinel decided to find out whether policyholders have been affected in the only way most of us care about: Can we insure our homes for a lower price?
KKR& Co. Inc. announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2025 Financial Services Conference on Tuesday, December 9, 2025 at 8:40AM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information about…
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Tanzania Reinsurance Company Ltd.. The ratings consider TAN RE’ s exposure to the high levels of economic, political and financial system risks in Tanzania, where the company is domiciled, sources most of its business and invests the majority of its assets.
Largest Caribbean Insurers U.S. Workers’ Compensation– 2024 Direct Premiums Written U.S. Property/Casualty Asset Distribution U.S. Life/Health Asset Distribution U.S. Life/Health– Pre-Tax Investment Total Returns U.S. Homeowners Multiperil– Top Writers by State, Canada and U.S. Territories. U.S. Life/Health Insurers’ Investment Returns U.S. Homeowners…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of China Reinsurance Corporation and its subsidiaries. The ratings also reflect the support China Re receives from its ultimate parent, China Investment Corporation, the sovereign wealth fund of the Chinese government. Under IFRS 17 and IFRS 9 accounting…
Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-native software for the P& C and L& AH segments, today announced that it has entered into an agreement to acquire Vitech, a provider of cloud-native pension and benefits administration software. This acquisition will position Majesco as the premier market leader for cloud-native and…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Global Protection Reinsurance Ltd.. The company is based in Barbados and fully owned by Global Protection Holding Corp., a subsidiary of Ficohsa Corp S.L., previously named Corporacion Ficohsa S.A.. GPR concentrates its efforts in reinsuring the group’ s…
The ratings also reflect the parental support CTBC Insurance receives from its intermediate parent, Taiwan Life Insurance Company Limited, as well as its ultimate parent, CTBC Financial Holding Co., Ltd, in terms of capital, business development and risk management. The outlook revision to positive from stable reflects AM Best’ s expectation that CTBC…
Both companies are domiciled in Brazil. Junto Re is classified as a local reinsurer in Brazil and mainly operates as a captive reinsurer for Junto Seg, an organization that has been writing surety directly for more than two decades. Junto Seg is the market-facing company of the group and the leading surety writer in Brazil.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Stellar Insurance, Ltd., an indirectly wholly owned subsidiary of the Saudi Arabian Oil Company. The outlook of these Credit Ratings is stable. The ratings reflect Stellar’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong…
Fortitude Reinsurance Company Ltd., today announced a $200,000 donation to the Cumberland River Compact through its Fortitude Re 4 Good community partnership program. The donation was presented during a volunteer tree planting event at Cane Ridge High School. James West, Chief Actuary, Fortitude Re and Cumberland River Compact Board Member is joined by…
IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction& engineering, ports& terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general…
According to the Best’ s Market Segment Report,“ Market Segment Outlook: Delegated Underwriting Authority Enterprises,” the segment’ s growth drivers— strong capacity, diverse capital sources, growing niche expertise and investment in talent and technology— will continue, but with a moderating impact amid selective capacity, tighter economics at renewals and…
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” for the members of IFG Companies.. These ratings reflect IFG’ s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate…
Arch Mortgage Insurance Company announced it has obtained over $249 million of indemnity reinsurance on a pool representing approximately $54.2 billion of mortgages from Bellemeade Re 2025-1 Ltd., a special purpose reinsurer. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates primarily from July 2024 through…
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Fubon Insurance Co., Ltd.. This exposure remains sizeable relative to the company’ s capital position, which is equivalent to 17% of the consolidated reported capital and surplus as of the 30 September 2025.
