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Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that John Howard has been appointed as an independent, non-executive member of its Board of Directors, effective today. On January 1, 2025, Mr. Howard stepped down as CEO and assumed the role of Vice Chair of…

AM Best has assigned Financial Strength Rating of A- and Long-Term Issuer Credit Ratings of“ a-” to Previsor Insurance Company, MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. All companies are domiciled in Columbia, MO, unless otherwise specified and have an intercompany pooling agreement with MEM Mutual…

Lancashire Holdings Limited today announces its results for the year ended 31 December 2024. Profit after tax of $321.3 million, resulting in a change in DBVS of 23.4%. Gross premiums written increased 11.3% year-on-year to $2,149.6 million. Insurance revenue increased 16.1% year-on-year to $1,765.1 million. Insurance service result of $379.9 million,…

AmTrust Title Insurance Company, a wholly owned subsidiary of AmTrust Financial Services, Inc., today announced the expansion of its presence in Texas with the appointment of industry leader James Gosdin as Head of Direct Underwriting. He is a member of the Order of the Coif and Phi Beta and is board-certified by the Texas Board of Legal Specialization in Farm…

The Florida Legislature made its move in 2022 to bring some relief to besieged homeowners whose insurance policies were nearly doubling in price. Hurricanes and the abandonment of Florida by some of the nation's major companies and the escalating cost of reinsurance— what insurance companies pay to help cover their losses— left Floridians with limited…

A-CAP Group, a New York- based insurance and financial services company with over $12 billion in assets, today announced that on February 14, 2025 the Utah Insurance Department agreed to stay the December 2 nd Emergency Order regarding Sentinel Security Life Insurance Company, Haymarket Insurance Company, and Jazz Reinsurance Company.

We have increased our revenues by around $170 million in the year, of which about $150 million has come from our Retail business. The quality of this growth is reflected in the undiscounted combined ratio at 93.6% and Retail profits of around $300 million. With each of our segments delivering strong results, our Group for the second year in a row is reporting…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Evergreen Insurance Company Limited. The ratings also reflect the parental support EICL receives from Evergreen International S.A. and Evergreen International Corporation in terms of capital, business development, operations and risk management.

ANNUAL STATEMENT FOR THE YEAR 2024 OF THE FD Insurance Company. Stocks: Preferred stocks Common stocks Mortgage loans on real estate: First liens Other than first liens Real estate: Properties occupied by the company (less Receivables for securities Securities lending reinvested collateral assets (Schedule DL) Aggregate write-ins for invested assets 15.

Proposed regular dividend of EUR 1.8 per share. Group net income of EUR 233 million in Q4 2024 driven by all business activities P&C combined ratio of 83.1% in Q4 2024 including a low Nat Cat ratio and allowing for ongoing reserving discipline L&H insurance service result 2 of EUR 119 million in Q4 2024 o Investments regular income yield of 3.6% in Q4 2024…

AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to“ a+” from“ aa-” of Vermont Mutual Insurance Company and its fully reinsured subsidiaries, Northern Security Insurance Company, Inc., and Granite Security Insurance Company. These companies are domiciled in Montpelier, VT and are members of Vermont Mutual…

AM Best has assigned a Financial Strength Rating of A+ and a Long-Term Issuer Credit Rating of“ aa-” to Chubb Seguros de Vida Chile S.A.. Chubb Vida Chile’ s sister company, Chubb Seguros Chile S.A., focuses on property/casualty business. The company’ s business operations have grown in terms of premium volume, business lines and market share after its acquisition of…

HCI Group, Inc. (NYSE: HCI) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 6.75% on the day to $140.55. HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides […]