Assured Guaranty Ltd., the leading financial guarantor, today announced its entry into the annuity reinsurance market through the acquisition of Warwick Re Limited, a Bermuda- based life and annuity reinsurer. Assured Guaranty has renamed the acquired entity Assured Life Reinsurance Ltd.. Assured Guaranty expects that, for certain of Assured Life Re’ s…
Reinsurance
Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Autonomous Car insurance, a first-of-its-kind product designed specifically for self-driving cars, starting with Tesla FSD. This press release features multimedia. “Traditional insurers treat a Tesla like any other car, and AI like any other…
The Travelers Companies, Inc. today reported net income of $2.496 billion, or $11.06 per diluted share, for the quarter ended December 31, 2025, compared to $2.082 billion, or $8.96 per diluted share, in the prior year quarter. Core income in the current quarter was $2.511 billion, or $11.13 per diluted share, compared to $2.126 billion, or $9.15 per diluted share, in…
Understanding the rising cost of renters insurance. The average cost of renters insurance nationally is around $171 annually, based on the latest data from the Insurance Information Institute. According to Gitnux, the average monthly premium is $15, with Mississippi being the state with the highest average renters insurance rates at approximately $252 per…
Performance in the segment has also benefitted over the past three years from higher attachment levels for reinsurance coverage secured by primary market insurers and a strategic rebalancing of reinsurers’ portfolios.“ As a result, the reinsurance segment’ s operating performance for 2025 is expected to generate returns that exceed its cost of capital for a…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of“ aa+” of Chubb Seguros Panama S.A.. The rating affirmations reflect Chubb Panama’ s integration and support from Chubb Limited, one of the world’ s largest insurance groups, which provides synergies and operating efficiencies to the Panama subsidiary.
Brit Re, which is domiciled in Bermuda, has acted primarily as an internal reinsurer for its affiliates, Lloyd’ s Syndicate 2987 and Brit UW Limited. The company continues to derive most of its premium from a quota share contract with Syndicate 2987. While the company’ s risk-adjusted capitalization is maintained consistently at the strongest level, as measured…
Gryphon Holdings LLC, a leading innovator in insurance and financial services solutions, today announced that it has entered into a definitive agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. “We are excited to welcome PrimeOne into the Gryphon enterprise,” said Erin Brennan Bagley, CEO of Gryphon.“ This…
NEXT Insurance, now operating as ERGO NEXT Insurance, today announced a new brand identity that reflects the company’ s next phase of growth as a leading small businesses insurance provider for more than 750,000 entrepreneurs. “By visually aligning our brands, we’ re ensuring our identity reflects both the strong foundation of ERGO and Munich Re and the…
The event, which will take place Feb. 1-3, 2026, in Nashville, TN, is hosted jointly with the American Property Casualty Insurance Association and the Insurance Careers Movement. “The Emerging Leaders Conference provides an important recognition of these individual’ s dedication and commitment to not just AM Best, but the entire insurance industry,” AM Best…
Just before Christmas, I sent an important letter to President Trump, advising him not to pardon Greg Lindberg. Billionaire Mr. Lindberg owned a number of North Carolina- based insurance companies, including Colorado Bankers Life Insurance Co., Bankers Life Insurance Co., Southland National Insurance Corp. and Southland National Reinsurance Corp. Mr….
"BrokersBloc Logo" Insurance General Agency BrokersBloc, founded by Stephen Combs to provide independent benefits brokers access to highly-vetted non-BUCA carriers, announced its acquisition of IFA Marketing, the leading digital marketing agency founded by Ryan Ross, to add digital marketing as a service offering for brokers. St. Louis, MO- January 14, 2026-…
AM Best has launched Best’ s Certificate of Creditworthiness, which provides a streamlined, professional presentation of AM Best’ s financial strength ratings and/or long-term issuer credit ratings and other key information. “A Best’ s Certificate of Creditworthiness is valuable in situations where proof of an insurer’ s financial strength,…
The following information was released by the Insurance Information Institute:. Despite recording no U.S. hurricane landfalls for the first time in a decade, the 2025 Atlantic hurricane season generated deadly tropical storms, above-average days of major hurricane activity, and millions of dollars in U.S. losses, underscoring the need for year-round…
Further, as the retirement savings gap is fueling new business volumes for primary insurers and, in turn, driving demand for asset-intensive reinsurance across geographies, KBRA views this as a global phenomenon, with Bermuda playing a particularly prominent role. KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK.
BOSTON& MILAN—- Berkshire Hathaway Specialty Insurance today announced the introduction of primary casualty policies for national and multinational risks in Italy. "We are pleased to launch our modular, proprietary primary casualty solution, expressly designed to meet our customers’ need for simplicity, clarity and transparency in managing casualty risk,”…
SINGAPORE& CINCINNATI—- Great American Insurance Group is pleased to announce the hiring of Mr. Nattakorn Wattanaumphaipong as Senior Director, Technical Underwriting for the Singapore Branch of its flagship insurer, Great American Insurance Company. He was also Director and Head of P&C underwriting, Asia with a reinsurance company based in Singapore and…
2026 JAN 09– 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“ MEAG” by Michael J. Striker COLLARD& ROE, P.C., representing ERGO Versicherungsgruppe AG. This application was made available to the public on December 27, 2025.
Des joined TransRe in 2006 to lead the regional unit of the U.S. Custom team, before assuming leadership of the U.S. Custom team in 2017. In this new role, Des will report to Paul McKeon, President of Global Underwriting. Eyal Shnaps leads the U.S. Custom team, an important component of TransRe’ s global portfolio.
