Virginia's innovative reinsurance program for health coverage is reducing the monthly bill for each person covered by an Obamacare policy by nearly $100 a month, according to the State Corporation Commission. By doing this, the SCC projects average monthly bills this year will be $519 for each covered individual, compared with $617 if the program were not in…
Reinsurance
The ultimate parent of Euro Accident is Impilo AB, a Swedish investment firm focused on Nordic healthcare investments. Euro Accident has delivered robust results since 2019, which was its first full year of operation as a Sweden- domiciled insurance company. In 2025, the company generated a return on equity of 22%, as calculated by AM Best, driven by the positive…
AM Best will speak, sponsor and exhibit at the Philippine Insurance Summit on Wednesday, 3 June 2026 in Makati City, Philippines at the Fairmont Hotel. Additionally, Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations will also be in attendance for meetings. Headquartered in the United States, the company does business in…
AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aa+” to Park Avenue Life Insurance Company. The ratings also reflect implicit support from PALIC’ s parent company, Guardian Life Insurance Company of America. PALIC is not actively writing new business but the company is licensed in 48 states and the District of Columbia,…
In its new Best’ s Market Segment Report,“ Market Segment Outlook: Philippines Non-Life Insurance,” AM Best also takes note of the country’ s stabilised reinsurance capacity, the emergence of insurance pools to support underwriting capacity at the primary level, and a broadly supportive pricing environment. However, offsetting factors include macroeconomic…
Lincoln Financial announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’ s common stock. As of March 31, 2026, the company has $340 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for…
Universal Insurance Holdings, Inc. today announced the completion by Universal Property& Casualty Insurance Company and American Platinum Property and Casualty Insurance Company, the Company’ s wholly-owned insurance company subsidiaries, of their combined 2026-2027 reinsurance program, effective June 1, 2026. “We are pleased to announce the…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Berkeley Re Designated Activity Company. The outlook of these Credit Ratings is stable. Berkeley Re is the captive reinsurer for Mondelez International, Inc., a global confectionary, food and beverage company based in the United States.
Heading into the Atlantic storm season that begins June 1, insurance experts said legislative reforms in 2022 and 2023 targeting“ frivolous” lawsuits, along with a year without any storm hits, have allowed some“ softening” in homeowners insurance prices, growth in new carriers into the state, and a fall in the policy count by state-backed Citizens Property…
INS’ risk-adjusted capitalization remains at the strongest level, as measured by Best’ s Capital Adequacy Ratio, and is supported by a comprehensive and adequate reinsurance program, solid operating performance and its position as the leading insurer in Costa Rica. INS is Costa Rica’ s largest insurer with a market share of 62%, as of December 2025.
AM Best has upgraded the Financial Strength Rating to“ B+” from B and the Long-Term Issuer Credit Rating to“ bbb-” from“ bb+” of Reaseguradora Santo Domingo, S.A.. REASANTO is a reinsurance company founded in 1973 in Santo Domingo, Dominican Republic. In 2024, the company began underwriting business in Central America following its plan to expand operations to other…
Newport Specialty Partners, a specialty insurance platform focused on partnering with high-quality MGAs and program administrators, today announced the appointment of Mary Sbaschnig as Chief Operating Officer and Chief Information Officer. “Mary brings exactly the combination of insurance operating experience, technology expertise, and practical…
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Aseguradora del Sur C.A.. The outlook assigned to these Credit Ratings is stable. The company was founded in 1990 in Cuenca, Ecuador by Rodrigo Cevallos Breilh.
Boost Insurance Holdings, Inc., the full-stack specialty insurance infrastructure platform, today announced the release of Boost Atlas, an AI-enabled broker and MGA portal purpose-built to compress the placement workflow from hours to seconds. Boost Atlas is the turnkey distribution interface for Boost’s full-service MGA platform- providing brokers…
Resilience Foundation today confirmed that the Token Generation Event for the RE token will be coming soon. Hundreds of thousands of U.S. policyholders reinsured. $226 million in 2026 premiums written to date.
On Wednesday, May 27, at 12:30 p.m. ART, Carlos De la Torre, managing director of operations of AM Best’ s Mexico- based subsidiary, will join a panel to discuss the state of insurance markets across Latin America. De la Torre, who joined AM Best in 2018, has more than two decades of experience in the insurance and reinsurance industries, predominantly in Latin America.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Nacional de Seguros S.A. Compañía de Seguros Generales. Nacional de Seguros began operations in 2014 after acquiring Ecoseguros S.A., a company in voluntary liquidation, with fulfillment and liability insurance licenses granted by the…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Dubai Insurance Company. The outlook of these Credit Ratings is stable. The assessment also considers the material share of equity holdings in DIN’ s investment portfolio, and its exposure to fair value fluctuations, with risks heightened by the ongoing…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Compagnie française d’ assurance pour le commerce extérieur, Coface North America Insurance Company and Coface Re SA, which are subsidiaries of Coface SA, the non-operating holding company of the Coface group. The outlook of these Credit Ratings is stable.
