W. R. Berkley Corporation today announced the appointment of Christopher T. Reichardt as president of Berkley Oil& Gas. Mr. Reichardt has over 20 years of experience in the oil and gas insurance industry, more than 15 years of which was spent at Berkley Oil& Gas. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley…
Reinsurance
El Potosí is a Mexico- based insurer underwriting property/casualty, life, and accident and sickness insurance. The company is majority-owned subsidiary of Seguros Atlas, S.A. and operates in a competitive market, with a market share of less than 1% based on gross written premiums in 2025.. In 2025, earnings declined by 9% year-over-year, primarily driven by…
The revision of the Long-Term ICR outlook to positive reflects AM Best’ s expectation that Halyk Insurance will continue to develop its ERM capabilities to a level aligned with the company’s evolving risk profile. Halyk Insurance is also expected to further enhance its risk management framework and demonstrate that it is integrated in the company’s…
The Travelers Companies, Inc. today reported net income of $1.711 billion, or $7.78 per diluted share, for the quarter ended March 31, 2026, compared to $395 million, or $1.70 per diluted share, in the prior year quarter. Core income in the current quarter was $1.696 billion, or $7.71 per diluted share, compared to $443 million, or $1.91 per diluted share, in the prior…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of ReliaStar Life Insurance Company of New York and ReliaStar Life Insurance Company, collectively known as ReliaStar Life Insurance Group. The outlook of these Credit Ratings is stable. The ratings reflect ReliaStar’ s balance sheet strength, which AM Best…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of“ bbb+” of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Pinnacle Life Limited. The outlook of these Credit Ratings is stable. The ratings also factor in a neutral impact from the company’ s ultimate parent, Greenstone Holdco Pty Limited.
New Mountain Capital, LLC, a leading growth-oriented alternative investment firm headquartered in New York, today announced the launch of VictoryRe, a new reinsurance platform, marking the firm’ s entry into the reinsurance carrier market with a long-term vision to build a diversified, multi-line reinsurance platform. In connection with this launch,…
The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third straight year such losses have exceeded $50 billion, more than any other category of…
Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, today announced Tokio Marine HCC– Specialty Group has selected its cloud-native SaaS P&C platform to refine core operations across its global specialty insurance portfolio. Origami Risk was selected by TMHCC– Specialty Group following an extensive…
Safety National Casualty Corporation announced today that Mark Wilhelm, Chairman of the Board of Safety National and International Broker Relationships Leader for the Tokio Marine Group, was selected to serve on The Council of Insurance Company Executives Committee. Mark Wilhelm, Chairman of the Board of Safety National and International Broker…
The following information was released by the Insurance Information Institute:. The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third…
TEANECK, N.J.& HAMILTON, Bermuda—- Agam Capital, a global leader in insurance-related asset and liability analytics, is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company as a Bermuda- domiciled Class E life and annuity reinsurer. Agam’ s Co-Founders, Chak Raghunathan and…
AM Best will deliver a pair of presentations as part of a half-day seminar with members of the Shanghai International Reinsurance Exchange, scheduled to take place on 22 April 2026, in Shanghai, China. Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations, and Judy Li, market development analyst, will lead the presentations.
2026 APR 10– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Researchers detail new data in Insurance. For more information on this research see: Implications of State Reinsurance Programs for Marketplaces. American Journal of Health Economics, 2026. American Journal of Health Economics can be contacted at: Univ Chicago Press, 1427 E 60 TH St,…
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of Summit Insurance Company Limited. The outlook of these Credit Ratings is stable. Like most Caribbean- domiciled insurance companies, Summit has a high dependence on reinsurance to manage capital exposure from catastrophe events.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to North American Fire& General Insurance Company Limited and North American Life Insurance Company Limited. NAFICO was incorporated in Guyana in 1989 and is the third-largest carrier in the country’ s insurance industry. Overall, both companies belong to the…
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 Amherst National Insurance Company, formerly known as Jet Insurance Company. At the same time, AM Best has affirmed the FSR of A- and Long-Term ICR of“ a-” of Amherst Specialty Insurance Company.
A new AM Best analysis reveals that funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity insurance segment’ s overall reserves, which is up from 32% prior to the financial crisis of 2008. It illustrates a shift from traditional, defined benefit retirement and income protection approaches toward strategies more…
