KBRA releases research on the National Association of Insurance Commissioners private letter ratings review process. In August 2024, the NAIC passed an amendment that granted the Securities Valuation Office the ability to review and challenge credit ratings that it does not believe are a reasonable measure of risk for regulatory purposes.
Reinsurance
In this role, Dr. Strunk will advance Hannover Re’ s underwriting innovation and digital transformation initiatives, lead efforts to modernize medical assessment practices to better reflect evolving medical knowledge, and strengthen the company’ s medical oversight and governance capabilities. Previously, Dr. Strunk spent over a decade in academic…
For the eighth year in a row, Centene is the highest ranked Missouri- based business at No. 19— up four spots from last year's list. Centene is among three Missouri businesses on the list that have female CEOs followed by Edward Jones at No. 249 and Graybar electric at No. 342.. The second highest ranked Missouri company is the Reinsurance Group of America at No. 193. The…
The following information was released by the Insurance Information Institute:. Claims closed without payment occur for many legitimate reasons and should not be confused with an insurer's obligation to pay covered losses. Insurance claims may be closed without payment for a variety of legitimate reasons, including when damages fall below a policy's…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.
Lastly, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa” to MSIG Specialty Insurance America, Inc. The outlook assigned to this rating is stable. The ratings assigned to MSIG Specialty Insurance America, Inc. reflects its strategic importance to the parent as a newly formed excess& surplus entity to support further growth of the business in the United…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora General, S.A.. AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2025, the company reported USD 105 million in direct premium, with a market share…
AM Best has placed under review with negative implications the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. This Credit Rating action reflects erosion in GUNA Re’ s capital position, which is a material deviation from the business plan provided by the company, and the uncertainty regarding the company’ s capital support.
2026 JUN 04– By a News Reporter-Staff News Editor at Politics, Law& Government Daily– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ QRB” by Steven M. Espenshade PIRKEY BARBER PLLC, representing W.R. Berkley Corporation. This application was made available to the public on May 23, 2026.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to“ bbb” from“ bbb-” of One Alliance Insurance Corporation. The outlook of these Credit Ratings has been revised to stable from positive. The ratings reflect One Alliance’ s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to KFH Takaful Insurance Company K.S.C.. The outlook assigned to these Credit Ratings is stable. The ratings reflect KFH Takaful’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and…
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of“ bb+” to Insurance Company Alatau City Garant JSC. An offsetting factor is Alatau’ s exposure to high levels of economic and financial system risks associated with Kazakhstan, where the company is domiciled and holds a large majority of its assets. The company achieved a…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Ansvar Insurance Limited. The outlook of these Credit Ratings is stable. The ratings reflect Ansvar’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate…
Arch Insurance North America today announced a series of leadership and distribution appointments designed to strengthen its Wholesale platform and support long-term growth in the Excess& Surplus market. “Unifying E&S Property and E&S Casualty under Jason, and appointing Jared as a dedicated Wholesale distribution leader, allows for stronger internal…
2026 JUN 03– 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“ MARSH” by Julia K. Sutherland Seyfarth Shaw LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on May 14, 2026.
AM Best has assigned a Performance Assessment of PA-1 to Ryan Specialty Pte. Limited. The outlook assigned to the assessment is stable. In AM Best’ s view, the nine affiliated companies, which include 40 managing general underwriters, operate within a unified governance and systems framework and are considered strategically and financially integral to RSUM’ s…
Karen Clark& Company is pleased to announce CATLAB ® 2026, taking place in Boston from June 2– 4. Emerging construction advancements, including 3 D-printed homes Advances in hurricane forecasting Anti-fragile building and material design New research from the Insurance Institute for Business& Home Safety. “insurers are operating in an increasingly…
Sypher Insurance Exchange is a de novo Florida- domiciled reciprocal insurer formed to write Florida personal residential property business, primarily homeowners and related coverages. In addition, KBRA views management as possessing relevant experience in the Florida homeowners market, and the Exchange may benefit from relationships within Florida’ s…
26 North Reinsurance Holding Company today announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC, which operates Independent Life Insurance Company, the only carrier exclusively dedicated to issuing structured settlement annuities for personal injury claimants and their families.
