OF THE CONDITION AND AFFAIRS OF THE. Assumed role January 1, 2025** Effective January 1, 2025 ANNUAL STATEMENT FOR THE YEAR 2024 OF THE WESTERN SURETY COMPANY. ANNUAL STATEMENT FOR THE YEAR 2024 OF THE WESTERN SURETY COMPANY.
Reinsurance
Pembroke, Bermuda- 19 February 2025. Preliminary results for the year ended 31 December 2024. CHL, the ultimate parent company of Conduit Re, a multi-line Bermuda- based reinsurance business, today presents its preliminary results for the year ended 31 December 2024.
Legal Notice Affidavit of Patrece-Mulica: Glenn I, Patrece-Mulica: Glenn, being of sound mind and over the age of 18, hereby declare the following statements to be true and accurate to the best of my knowledge and belief:. Identity and Competence: I am legally alive and recognized as an adult, fully competent to manage my estate independently of the United States of…
At the time of its constitution, it was a wholly-owned subsidiary of Industrial Alliance Insurance and Financial Services Inc. and had no business operations. Consequently, on January 1, 2019, a certificate of arrangement was issued by the Quebec Enterprise Registrar, and iA Financial Corporation became the parent company of the iA group, holding all common…
A-CAP Group, a New York- based insurance and financial services company with over $9 billion in assets under management and $302 million in capital, today announced that the South Carolina Administrative Law Court has ruled in favor of Atlantic Coast Life Insurance Company and Southern Atlantic Re, Inc. in their challenge to a December 11, 2024 order from the…
FutureProof Technologies, a venture-backed insurtech startup, is excited to announce the launch of the FutureProof Insurance Agency, a wholly-owned subsidiary designed to enhance insurance distribution through AI-driven risk selection. FutureProof Insurance Agency sells policies on behalf of dozens of carrier partners across the U.S. This strategic…
CHICAGO, Feb. 17, 2025- Aon plc, a leading global professional services firm, today announced it has entered into a co-broking agreement with minority-owned enterprise broker, Protecdiv, to enhance service offerings to U.S.- based public and private sector entities. Co-founded in 2018 by T. Kael Coleman, CEO, and Paul C. Little, COO, Protecdiv is the only certified MBE,…
A political titan has filed a provocative bill he says will reduce insurance costs in Florida— and the insurance industry doesn "t like his proposals. Don Gaetz, R- Crestview, a longtime heavyweight in Florida politics and father of former U.S. Rep. “Floridians pay far more for property insurance than anyone anywhere else in the nation,” the two lawmakers were quoted…
GENERAL AMERICAN INVESTORS COMPANY, INC.. Eugene S. Stark General American Investors Company, Inc. 530 Fifth Avenue 26th Floor New York, New York 10036. Date of reporting period: December 31, 2024.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Gulf Insurance Limited. However, the company has a high dependence on reinsurance to manage capital exposure to catastrophe events, as is typical of Caribbean insurers. Additionally, some degree of financial flexibility is provided by the support of Gulf’ s…
The Consolidated Financial Statements for Holding Companies is to be prepared in accordance with instructions provided by the Federal Reserve System. I, the undersigned CFO of the named holding company, attest that the Consolidated Financial Statements for Holding Companies for this report date have been prepared in conformance with the instructions…
AM Best will participate in separate panel discussions on the insurance-linked securities market and credit rating agencies during the Association of Insurance and Financial Analysts annual conference, which will take place March 2-4, 2025, in Naples, FL, at the Naples Grande Beach Resort. AM Best Senior Director Carlos Wong-Fupuy will join a panel…
Essent Group Ltd. is a Bermuda- based holding company that went public in 2013 and is traded on the New York Stock Exchange. Three primary operating companies: Essent Guaranty, Inc., Essent Reinsurance Ltd. and Essent Title Insurance, Inc.. Offers private mortgage insurance, reinsurance and title insurance and settlement services to serve the U.S. housing…
Travelers reported on Tuesday a $1.7 billion impact from the Los Angeles wildfires based on insurance policyholder claims without stating if it will raise premiums significantly in California or nationally to build reserves back, or possibly offer less protection in areas deemed too risky. Founded in Hartford with headquarters in New York City and…
Trisura continues to benefit from a focus on specialty insurance, demonstrating profitable underwriting and structuring in niche lines of business, and achieving strong operational results while expanding. Momentum continued in 2024 with revenue growing 14% across Surety, Corporate Insurance and Warranty, while Canadian Fronting and US Programs grew…
Sector mix by asset class. Headings are included in each tab, as applicable, to distinguish amounts reported under IFRS 17- Insurance Contracts and IFRS 9- Financial Instruments and those reported under the previous accounting standards: IFRS 4. Refer to Section 12- Supplementary financial measures and non-GAAP financial measures and ratios in the Q4 2024…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Park Assurance Company. The ratings further reflect Park’ s sophisticated risk management strategy and practices, experienced management team and its integral role as a single-parent captive of JPMorgan Chase Holdings LLC, which is a subsidiary of JPMorgan…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The group’ s total reported capital increased by 46% year over year to JPY 3.9 trillion as of 31 March 2024, primarily driven by unrealised gains…
Feb. 11— Travelers reported on Tuesday a $1.7 billion impact from the Los Angeles wildfires based on insurance policyholder claims without stating if it will raise premiums significantly in California or nationally to build reserves back, or possibly offer less protection in areas deemed too risky. Founded in Hartford with headquarters in New York City and…
