A composite of AM Best- rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply, according to a new AM Best report.. AM Best’ s composite of U.S. and Bermuda reinsurers consists of seven reinsurance groups domiciled in either the United States or Bermuda, for which the reinsurance…
Reinsurance
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of INPEX Insurance, Ltd.. The outlook of these Credit Ratings is stable. The company also secures stable reinsurance capacity from Everen Limited, an energy sector-dedicated mutual insurance company.
Aug. 27— The three Connecticut hospitals caught up in the bankruptcy of for-profit operator Prospect Medical have moved on to new ownership, but a group of patients and doctors in the state are still waiting for relief as the case winds down. "I'm going to say in a holding pattern right now," said Michael D'Amico, an attorney for Pamela Dorn, who is suing Prospect over…
The Best’ s Market Segment Report,“ Record-breaking Catastrophe Bond Issuance in First Half of 2026; ILS Capacity Experiences Rate Softening at Renewals,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. This followed three consecutive years of stellar ILS and reinsurance market returns, which has…
*Arkansas, North Carolina, and Missouri saw the largest decreases in home insurance rates. *North Carolina approved two 7.5% base-rate increases from 2025 to 2026, but actual home insurance rates went down. States with the largest decreases in annual home insurance premiums are Arkansas, North Carolina, Missouri, North Dakota, and Mississippi.
AM Best has affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” of Life Insurance Company Centras Life JSC. An offsetting rating factor is Centras Life’ s investment portfolio which, albeit conservative by asset class, has a high degree of concertation and it is exposed materially to the high levels of economic and financial…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of United States Liability Insurance Company and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company; Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company. All companies are domiciled in…
BCG’ s survey initiative aims to clarify the drivers behind today’ s inactivity in jumbo Pension Risk Transfer transactions in the U.S. BRAINTREE, Mass.—- BCG Pension Risk Consultants| BCG Penbridge today announced publication of The Pension Accounting Pushback Challenge, a follow-up article to its February 2026 paper, The Structural Bottleneck in the U.S.
A new AM Best report notes an increased level of reinsurance leverage by U.S. life/annuity companies ceding out business, which is being fueled by strong annuity product growth, higher interest rates, and further offshore transactions as a result of differing capital regimes. The Best’ s Market Segment Report,“ Global Life/Annuity Reinsurers Remained Poised…
PEMBROKE, Bermuda—- Pelagos Insurance Capital Limited, announced that Jonny Strickle, Group Managing Director, is scheduled to present at the 2026 KBW Insurance Conference in New York. The presentation will take place on Thursday, September 10, 2026, at 2:20 p.m. EDT. A live, listen-only webcast of the presentation will be available via the Investors section of…
AM Best executives and analytical staff, in association with senior leadership from the Federation of Afro-Asian Insurers& Reinsurers, will discuss AM Best’ s insurance rating methodology and the process undertaken by companies across Africa, the Middle East and Asia to obtain a Best’s Credit Rating on Tuesday, 22 September 2026, at 9:00 a.m. GMT/ UTC.
As Asia’ s insurance markets become more competitive with softer market conditions, AM Best’ s composite of Asia-Pacific reinsurance companies reversed a revenue decline from the previous year, posting a 4.0% increase in net insurance service revenue in 2025, driven primarily by overseas business. “The broader improvement in underwriting profitability…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Jet Insurance Company. Jet’ s predecessor was acquired by Amherst Specialty Insurance Company on Dec. 15, 2025. As part of the transaction, Jet’s management team formed Apex Insurance Company, which was renamed Jet Insurance Company, and completed a loss portfolio…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of OneNexus Oklahoma Captive Corp.. In 2023, OneNexus began providing contractual liability insurance policies for its direct parent, OneNexus, LLC. OneNexus, LLC enters into agreements with energy companies to cover costs associated with decommissioning…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to InEvo Re Ltd.. The company’ s overall balance sheet strength is supported by sufficient capital and capital sources from Macquarie Asset Management and Macquarie Group. InEvo Re is a wholly owned subsidiary of Macquarie Group and is a Class E Bermuda regulated…
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of EFU General Insurance Limited. Increased holdings of listed equities in addition to the excellent performance of the Pakistan Stock Exchange in 2025 led to an increase in the weighting of listed equities on the company’ s balance sheet.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Dhipaya Insurance Public Company Limited. The outlook of these Credit Ratings is stable. The balance sheet strength assessment also factors in a neutral holding company impact arising from its ultimate ownership by Dhipaya Group.
The Best’ s Market Segment Report,“ The European‘ Big Four’ Reinsurers Maintain Their Profit Targets Despite a Volatile Environment”, is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Morgane Hillebrandt, associate director, analytics and one of the report authors, said,“ The European‘ Big Four’ are…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa” of Assured Guaranty Re Overseas Ltd.. The outlook of these Credit Ratings is stable. The company’ s strong liquidity position, conservative investment portfolio and well-positioned financial flexibility due to its affiliation with Assured Guaranty Re Ltd.,…
