AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Orion Reinsurance Ltd.. Orion Re was founded in December 2004 and is licensed by the Bermuda Monetary Authority to act as a class III insurer without restrictions of any kind in its class. As of December 2024, 40% of the company’ s gross written premium was…
Reinsurance
“With roots dating back to the 1600 s, Lloyd’ s has evolved into a global marketplace to assist as well as regulate the transferring of complex risks,” said Sean Kevelighan, chief executive officer, Triple-I.“ Its unique model connects global capital with risk, helping U.S. businesses, communities, and insurers manage exposures that might otherwise be difficult to…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of RF&G Insurance Company Limited. The ratings of RF&G were placed under review with negative implications on September 22, 2023, following the company’ s 100% acquisition of M&C General Insurance Company Limited from Minvielle& Chastanet Limited, a wholly…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of M&C General Insurance Company Limited. After a decline in capital during 2023, mainly due to reduced capital upon M&C General’ s sale to RF&G Insurance Company Limited, the company’ s BCAR scores for 2024 increased significantly. M&C General’ s investment…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Southbridge Compañía de Seguros Generales S.A.. Southbridge is a property/casualty insurer, incorporated on May 6, 1980, in Santiago, Chile. Southbridge ranks sixth within the P/C segment in Chile, holding 5.9% of the market, based on gross written premiums.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of First Net Insurance Company. Underwriting income was reported in four of the last five years, except for 2023, when the company was impacted by Typhoon Mawar, which was the most severe weather event in Guam since 2002. The limited business profile…
The following information was released by the Insurance Information Institute:. As climate, cyber, artificial intelligence, and geopolitical risks accelerate, the Lloyd's insurance marketplace is reinforcing the need for innovation, capital resilience, and collaboration to address emerging threats, according to the Insurance Information Institute's…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Worldwide Medical Assurance, Ltd. Corp.. The outlook of these Credit Ratings is stable. WWMA benefits from its partial ownership by KfW DEG, the German development bank, through its holding company, Worldwide Group, Inc. In recent years, WWMA has expanded…
That's how the federal government and the state have set our nation's health care policy. President Harry Truman's effort after World War II to bring universal health care to the United States failed. In Colorado there's also the Colorado Option, a byproduct of the Affordable Care Act, and Connect for Health Colorado.
—CHESTERFIELD, Mo.— Reinsurance Group of America Inc. on Thursday reported fourth-quarter earnings of $463 million. The Chesterfield, Missouri- based company said it had net income of $6.97 per share. For the year, the company reported profit of $1.18 billion, or $17.69 per share.
MetLife, Inc. today announced its full year and fourth quarter 2025 results. MetLife reported fourth quarter 2025 premiums, fees and other revenues of $18.7 billion, up 29 percent compared with the prior-year quarter. Adjusted premiums, fees and other revenues, excluding pension risk transfers, were $12.8 billion, up 8 percent.
Equitable Holdings, Inc. today announced financial results for the full year and fourth quarter ended December 31, 2025. “In 2025, Equitable Holdings made significant progress on our journey to become a more capital light company focused on three core growth engines of Retirement, Asset Management and Wealth Management. Mr. Pearson concluded,“ Looking to…
MetLife, Inc. today announced that John McCallion, executive vice president and chief financial officer, and head of MetLife Investment Management, has provided a fourth quarter and full year 2025 financial update video. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance,…
AM Best will participate in the 50th General Assembly and Conference of the Federation of African National Law Insurance Companies, which will take place from Feb. 8-11, 2026, in Abidjan, Côte d’Ivoire. The AM Best delegation will hold bilateral meetings at the Sofitel Abidjan Hotel Ivoire, Abidjan. Headquartered in the United States, the company does business…
AM Best will participate and speak at the CPCU Europe Conference, London 2026, which is taking place 13 February 2026, in London. In his role at AM Best, Mistry is responsible for managing a team of analysts that cover insurers and reinsurers operating worldwide, with a particular focus on the United Kingdom and London market, Africa, Middle East, Eastern Europe and…
Despite Mohandes’ conservative investment allocation by asset class, given the concentration of its assets in Egypt, in line with regulatory restrictions, the company’ s balance sheet is exposed to potential volatility, reflecting the country’ s high economic, political and financial system risks. AM Best notes that ROE should be viewed in light of the high…
BHIIL is a wholly owned subsidiary of National Indemnity Company, the lead operating company of the National Indemnity Group. The ratings of BHIIL reflect its key role within the National Indemnity group, which is further supported by common ownership and material reinsurance support from its parent company. BHIIL is one of the group’ s main platforms for…
Somerset Reinsurance Ltd., a leading provider of asset-intensive reinsurance solutions to the life and annuity market, today announced the appointments of Steve Belcher as Chief Financial Officer and Joelina Redden as Chief Legal Officer. Mr. Belcher is responsible for the firm’ s financial and capital management, as well as its accounting, tax and financial…
2026 FEB 03– 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“ RELIANCEMATRIX A MEMBER OF TOKIO MARINE GROUP” by Christina D. Frangiosa Neal& McDevitt, LLC, representing Reliance Standard Life Insurance Company.
