AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Top Layer Reinsurance Ltd.. These ratings continue to reflect the substantial amount of support Top Layer receives from its co-owners, State Farm Mutual Automobile Insurance Company, currently with an FSR of A++ and a Long-Term ICR of“ aa+”, and Renaissance…
Reinsurance
TAMPA, Fla.- September 9, 2024- Juniper Re, LLC, the dynamic reinsurance broking arm of The Baldwin Group, is pleased to announce the hiring of Russ Wagner as Head of Facultative. Russ joins Juniper Re with more than 30 years of industry experience, most recently serving as Senior Vice President at Aspen Insurance Group, where he oversaw the North American Property…
Every individual contributes to a united effort, driving the company forward breaking new ground together,” noted CEO and founder Ken Gregg. Over the last year, Orion180 has been expanding its personalized homeowners products to several diverse markets, including Arizona, Georgia, Indiana and Ohio. With the support of sound reinsurance partners, the company…
Shares of Chubb Limited (NYSE: CB) traded at a new 52-week high today and are currently trading at $292.26. So far today, approximately 80,066 shares have been exchanged, as compared to an average 30-day volume of 1.22M shares. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers […]
London, UK: Global specialist insurer Hiscox has today announced the launch of a new Personnel Security Plus product.. Stuart Allen, Kidnap and Ransom Line Underwriter for Hiscox, commented: "It's not just in unstable parts of the world where employee safeguarding can be a challenge, but in countries and regions where you might not expect to experience security…
YOUR TRUSTED INSURANCE COMPANY. WE CARE ABOUT WHAT MATTERS TO YOU.. In the 1970 s, we became an insurance group and spread our wings, expanding overseas for the first time to Latin America. boosted our presence in Latin America,.
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Allianz Ayudhya General Insurance Public Company Limited. The outlook assigned to these Credit Ratings is stable. The company benefits from strong financial flexibility with access to capital markets through its listed parent holding company, Allianz Ayudhya…
PEMBROKE, Bermuda—- AXIS Capital Holdings Limited today announced that Pranav Shroff has joined the Company as Head of Life Sciences in North America. Mr. Shroff will be based in New York and will report to Michael McKenna, Head of AXIS North America. AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and…
The Best’ s Market Segment Report,“ Lloyd’ s Market Delivers Robust Underwriting Results Amid Strong Pricing Conditions,” forms part of AM Best’ s look at the global reinsurance industry during the Rendez-Vous de Septembre in Monte Carlo. Lloyd’ s underwriting performance is subject to volatility due to the nature of business underwritten; however, according to…
Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand on its mission to protect more unprotected businesses. Both are available globally and supported by a robust…
The inclusion of Ukraine with Russia and Belarus is not rooted in the data and analytics that drive the assessment of risk and overlooks that Ukraine, while under siege, seeks to further align as a free and democratic economy and member of the European Union. “Marsh McLennan is dedicated in our support of Ukraine– helping it attract global investment to rebuild…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” for the members of Unum Insurance Group. These companies are the core U.S. life/health insurance subsidiaries of Unum Group. In addition, AM Best has affirmed the Long-Term ICR of“ bbb+” and the Long-Term Issue Credit Ratings of Unum.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Reaseguradora América SPC Ltd.. The outlook of these Credit Ratings is stable. RAM Re is a subsidiary of ASSA Compañía Tenedora, S.A. and owned ultimately by Grupo ASSA, S.A., a financial services holding company publicly traded on the Panama Stock Exchange.
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 IRB-Brasil Resseguros S.A.. IRB is the dominant reinsurance market participant in Brazil. As of December 2023, IRB had an almost 33% share of Brazil’ s domestic reinsurance market.
AM Best has revised the Long-Term Issuer Credit Rating outlook to stable from negative and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb+” of WAICA Reinsurance Corporation PLC. The outlook of the FSR is stable. In addition, the company’ s investment risk reduced in 2023, driven by moderate investments made in bonds of excellent credit…
Major Asia-Pacific reinsurance companies saw their composite’ s return on equity surge to 9.2% from 0.1% under IFRS 17, supported by a more stable investment environment and benign catastrophe activity, according to a new AM Best report. China still faces distinct challenges, though, as the country’ s post-COVID recovery remains weak. AM Best’ s composite of…
AM Specialty Insurance Company, an Arizona- domiciled surplus lines insurance carrier rated A- by AM Best, is proud to announce its role as the underwriting partner for Once Insurance’ s innovative entry into the jewelry insurance market. Once Insurance has introduced a unique, consumer-friendly product that offers comprehensive five-year protection for…
AM Best’ s composite of U.S. and Bermuda reinsurers recorded its third straight year of improved underwriting profitability in 2023, according to a new report. Results benefitted from lower severity of catastrophes during the year, as well as changes made to the structures of most catastrophe reinsurance programs. According to this report, AM Best believes…
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’ s consolidated adjusted capital and surplus recovered by 16% to TWD 15.7 billion at year-end 2023, driven by the retention of net profit derived from underwriting and investment results.
