A-CAP Group, a New York- based insurance and financial services company with over $12 billion in assets, is pleased to share a comprehensive business update, including financial results as of June 30, 2025, notable asset transactions, product enhancements, and strategic operational developments. As of June 30, 2025, Atlantic Coast Life and Sentinel report…
Reinsurance
AM Best is a sponsor at the upcoming African Insurance Organisation 29 th annual African Reinsurance Forum, taking place 11-15 October 2025 in Harare, Zimbabwe. AM Best recently published its major annual special report on the global reinsurance industry, featuring dedicated sections focused on reinsurance trends in the Middle East and North Africa…
Prosperity Life Group ®, an insurance, reinsurance, and asset management organization, today announced the launch of Prosperity PathPro SM Series Fixed Indexed Annuities, issued by S.USA Life Insurance Company, Inc., a Prosperity Company. “Prosperity PathPro Series has a unique story offering stability via guaranteed Par and Cap Rates, customized growth…
Coconino County's efforts to address growing concerns by homeowners regarding fire insurance premiums and availability amid the region's wildfire risk continued last week as part of the Board of Supervisors' Sept. 9 meeting. Initially beginning on June 3 with a pair of speakers from the Headwaters Institute, an independent, nonprofit economics research…
2025 SEP 12– 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“ ARCH RISK MANAGEMENT” by Kenneth Ritz Cahill Gordon& Reindel LLP, representing Arch Capital Group Ltd. This application was made available to the public on…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Cathay Century Insurance Company Limited. Cathay Century posted double-digit growth in consolidated adjusted capital and surplus of TWD 18.4 billion at year-end 2024, buoyed by the net profit derived from underwriting and investment results.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of China BOCOM Insurance Company Limited. The outlook of these Credit Ratings is stable. Other supporting factors include its robust regulatory solvency level as evaluated by the Hong Kong regulator’ s risk-based capital ratio.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Hotai Insurance Co., Ltd.. Concurrently, AM Best has revised the outlook of these Credit Ratings to stable from positive. The company’ s reported capital and surplus strongly recovered from TWD 4.3 billion as of the year-end 2023 to TWD 6.4 billion…
Christie Lee, senior director, head of analytics, AM Best will join a breakout session, titled“ Regulatory- Asset Intensive Deals, ILS and Captives,” on Thursday, 25 September, at 1 p.m. Lee manages a team of rating analysts out of AM Best’ s Hong Kong office that covers all types of rated insurance companies, including life, non-life, reinsurers and captive insurers, for…
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 The Harford Mutual Insurance Company and its wholly owned subsidiaries: Firstline Insurance Company; 1842 Insurance Company; and Clearpath Insurance Company. All companies are domiciled in Bel Air, MD, and…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Trinidad& Tobago Insurance Limited. The outlook of these Credit Ratings is stable. While TATIL’ s reinsurance dependence is considered high, the program is with highly rated reinsurers and is designed to manage capital exposure to catastrophe events, which is…
AM Best has affirmed the Long-Term Issuer Credit Rating of“ bbb” of Palomar Holdings, Inc., the ultimate parent and insurance holding company of Palomar Specialty Insurance Company, Palomar Excess and Surplus Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd.. Concurrently, AM Best has affirmed the Financial Strength Rating of A and…
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 Petrolimex Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PJICO’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of Fidelidade Moçambique– Companhia de Seguros, S.A.. In addition, the ratings factor in rating enhancement from Fid Moz’ s intermediate insurance company parent, Fidelidade- Companhia de Seguros, S.A., reflecting the integration of Fid Moz with its parent and the…
The following information was released by the Insurance Information Institute:. Calls in Illinois for legislative intervention in homeowners' insurance underwriting and price setting, though well-intentioned, would likely reduce both affordability and availability of coverage, according to a new Issues Brief published today by the Insurance…
Calls in Illinois for legislative intervention in homeowners’ insurance underwriting and price setting, though well-intentioned, would likely reduce both affordability and availability of coverage, according to a new Issues Brief published today by the Insurance Information Institute. “While calls for rate regulation may appear politically appealing,…
The event is scheduled for Thursday, Oct. 23, 2025, from 3:00– 6:00p.m. at The Renaissance São Paulo in Brazil. Following the outlook presentation, Carlos De la Torre, managing director of operations of AM Best’s Mexico- based subsidiary, and Alfonso Novelo, senior director, analytics, will cover how Best’ s National Scale Ratings are assigned to insurance…
Morgan Griffith for the 9th Congressional District seat in the 2026 election. Griffith has represented the 9th District in the U.S. House of Representatives since he was first elected in 2010. The 9th District covers most of Southwest Virginia, including Carroll County, Grayson County and the City of Galax.
SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, announced today that it has entered into a definitive agreement to acquire Gemini Financial Holdings Corporation and its subsidiaries, including Olympus MGA Corp.. Olympus MGA, one of the top underwriting franchises in Florida, is the managing general…
