The ratings also reflect the support received from its sister company, Reaseguradora Patria, S.A., the lead company of the Peña Verde group and a well-known reinsurer in Latin America. As of June 2025, Peña Verde had equity of USD 864 million and premiums of USD 601 million. Patria US is considered a new company formation as it began operations in February of 2023,…
Reinsurance
AM Best has upgraded the Long-Term Issuer Credit Rating to“ bbb+” from“ bbb” and affirmed the Financial Strength Rating of B++ of Irwell Insurance Company Limited. A partially offsetting factor is the company’ s relatively small capital base of GBP 38 million at fiscal year-end 2025, which exposes its risk-adjusted capitalisation to potential volatility.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Independence American Insurance Company. The ratings have been removed from under review with developing implications following IAIC’ s renegotiation and re-implementation of its pet…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Bahamas First General Insurance Company Limited and Cayman First Insurance Company Limited, the property/casualty operating subsidiaries of Bahamas First Holdings Limited. The outlook of these Credit Ratings is stable. Like most Caribbean insurance…
As rising premiums and tightening coverage options continue to strain household budgets, millions of U.S. homeowners are grappling with the growing challenge of affording and maintaining adequate insurance protection. The U.S. homeowners segment is projected to post double-digit net written premium growth in 2025, with a return to overall…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Hagerty Reinsurance Limited and its reinsured affiliate, Drivers Edge Insurance Company. Hagerty Re and Drivers Edge are both wholly owned subsidiaries of Hagerty Insurance Holdings Inc..
The following information was released by the Insurance Information Institute:. As rising premiums and tightening coverage options continue to strain household budgets, millions of U.S. homeowners are grappling with the growing challenge of affording and maintaining adequate insurance protection. The Insurance Information Institute's latest Issues…
PointBridge, a leading managing general underwriter specializing in professional liability insurance, announced today the launch of a new admitted physicians medical malpractice program in partnership with Aspen, an AM Best A rated global specialty lines company. "We’re excited to partner with Aspen to bring a fresh approach to physicians professional…
Munich Re Specialty, the global specialty insurance business of Munich Re Group, has announced the upcoming retirements of Greg Barats, CEO and President of HSB, and Andreas Kleiner, CEO and President of American Modern Insurance Group, following long and distinguished careers. “Greg and Andreas have each made lasting contributions to Munich Re’ s success and to…
2025 DEC 15– 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“ AMLIN” by Jordan A. LaVine FLASTER/GREENBERG PC, representing Amlin plc. This application was made available to the public on December 01, 2025.
The following information was released by the European Union:. The European Insurance and Occupational Pensions Authority published today its December 2025 Financial Stability Report in which it analyses the risks and vulnerabilities facing European insurers and occupational pension funds in a period marked by economic fragility, subdued growth and…
CGDV is the largest Capital Group active ETF with over $19 billion in assets under management 3. Capital Group, home of American Funds, is the fastest organically grown suite of active ETFs in the market 4 and was named etf.com 2025 ETF Issuer of the Year 5. With $3 trillion in AUM 6, Capital Group is one of the most trusted asset manager brands among financial…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Spirit Insurance Company and Radius Insurance Company. Spirit provides property damage, business interruption, construction all-risks, excess liability and employee medical reimbursement insurance for Phillips 66, its affiliates and subsidiaries’…
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of Starr International Insurance Public Company Limited. In addition, SIIT benefits from rating enhancement arising from the implicit and explicit support provided by Starr International Company, Inc.. As of 30 September 2025, the company reported…
The following information was released by the New Jersey State Senate, Democrats:. Aiming to better understand the current and predicted impacts of climate change on property insurance, the Senate Environment and Energy Committee advanced legislation sponsored by its Chair, Senator Bob Smith, and Senator John McKeon that would establish a task force known…
The following information was released by the Bank of England:. Published on 11 December 2025. In this speech Randy Kroszner sets out a' practical guide' for promoting innovation and supporting growth in the economy, while maintaining financial stability.
Concurrently, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of American Financial Group, Inc.. The Republic companies within Great American Contemporary are headquartered in Calabasas, CA, and most Bridgefield companies are headquartered in Lakeland, FL.. AM Best also has affirmed the FSR of A+ and the Long-Term ICRs of“ aa-” of…
The ratings also recognize Genseg’ s affiliation and strategic importance to its ultimate parent, Peña Verde, S.A.B., a leading group in Mexico’ s insurance and reinsurance industries, which provides synergies and operating efficiencies, as well as the reinsurance support from an affiliated company, Reaseguradora Patria, S.A.. Genseg initiated operations in…
Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 3.07% on the day to $305.63. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, […]
