The following information was released by U.S. International Development Finance Corporation:. U.S. International Development Finance Corporation CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf…
Reinsurance
Minnesota will need to reapply for the state innovation waiver for its reinsurance program next year, but lawmakers well versed on the topic won't be at the Capitol to do so. Tim O'Driscoll, co-chair of the House Commerce Finance and Policy Committee. Dan Endresen, senior director of policy and government affairs for the Minnesota Council of Health Plans,…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Gulf Insurance Limited. The ratings reflect Gulf’ s strongest level of risk-adjusted capitalization, as measured by Best’ s Capital Adequacy Ratio, with offsetting favorable drivers that are partially derived by the company holding a large portion of its…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the property/casualty insurance subsidiaries of Cincinnati Financial Corporation and The Cincinnati Life Insurance Company. All companies except The Cincinnati Specialty Underwriters Insurance Company are domiciled in Fairfield, OH.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Insurance Corporation of Barbados Limited. Given exposure to catastrophe weather events, ICBL, like most Caribbean- domiciled insurance companies, has a heavy reliance on reinsurance to protect…
AM Best will deliver a presentation at the Reinsurance Association of America’ s“ Re Underwriting 2026: The Art and Science of Reinsurance Underwriting– Fundamentals and Current Issues,” event, which will take place March 12-13, 2026, in Hamilton, Bermuda. The session is scheduled for Friday, March 13, at 9:00 a.m.. Headquartered in the United States, the company…
K2 Group Holdings Limited, a division of K2 Insurance Services and a leading specialty insurance and insurance underwriting platform based in London, is pleased to announce the launch of K2 Professional Indemnity Limited. This new division, founded by Richard Smart, will write international professional liability business on behalf of a group of Lloyd’ s of…
Jörg Bruniecki, currently CUO, Global Specialty Lines, will succeed Mr. Goldie as MS Re’ s CUO, responsible for the company’ s global underwriting strategy. Having joined MS Re in March 2022 as CUO, International P&C, he most recently has served as CUO, Global Specialty Lines, responsible for all specialty lines, including Agriculture, Financial Risks, Cyber,…
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today that Jayson Bronchetti will join the company as Executive Vice President, Investments, effective March 2, 2026. Mr. Bronchetti most recently served as Executive Vice President, Chief Investment Officer, and Head of Hedging& Sustainability at Lincoln…
BOSTON& HONG KONG& SINGAPORE& DUBAI, United Arab Emirates—- Berkshire Hathaway Specialty Insurance today announced the appointment of Marcus Portbury as Regional President, Asia Middle East. “Marcus has played a pivotal role in growing our business across Asia and the Middle East since our launch in the region, bringing BHSI’ s underwriting discipline, financial…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Seguros Universales, S.A.. Universales, which was established in 1962, is the fourth-largest insurer in Guatemala. The company’ s portfolio, as of December 2025, is composed mainly of non-life products, with the…
The Securities and Exchange Commission announced today the entry of a final consent judgment as to Fernando Passos in the SEC's civil enforcement action that charged Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media…
KKR& Co. Inc. announced today that Robert H. Lewin, Chief Financial Officer, will present at the 2026 RBC Capital Markets Financial Institutions Conference on Wednesday, March 11, 2026 at 9:20AM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information…
Assured Guaranty Ltd. announced today its financial results for the three-month period ended December 31, 2025 and the year ended December 31, 2025. “At year end 2025, Assured Guaranty again reached record highs in our key shareholder value metrics,” said Dominic Frederico, President and CEO.“ Year-over-year, shareholders’ equity per share rose 15% to $125.32,…
Florida property insurers are keeping secrets. The Fort Myers Beach homeowner fought for two years to see records his insurer, Olympus Insurance Co., compiled before denying coverage of damage Berman says was caused by Hurricane Ian’ s winds in September 2022. He lost, like every one of the dozens of individuals who have challenged Florida insurers’ trade secret…
Florida property insurers are keeping secrets. The Fort Myers Beach homeowner fought for two years to see records his insurer, Olympus Insurance Co., compiled before denying coverage of damage Berman says was caused by Hurricane Ian’ s winds in September 2022. He lost, like every one of the dozens of individuals who have challenged Florida insurers’ trade secret…
Shares of Chubb Limited (NYSE: CB) traded at a new 52-week high today and are currently trading at $335.83. So far today, approximately 405.1k shares have been exchanged, as compared to an average 30-day volume of 1.74M shares. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers […]
Home insurance rates may be going through the roof, but State Farm has some good news for its auto insurance customers. State Farm will issue $5 billion in auto insurance dividends to its customers this summer, with a one-time payment of about $100 per vehicle, the Bloomington- based insurance giant announced Thursday. State Farm did not project the average size…
Combined with Winter Storm Fern, for which insured loss estimates have ranged between $4 billion to $7 billion, the first quarter of 2026 will prove to be an above-average quarter in terms of insured losses, albeit not as costly as the California wildfires of January 2025. “More-effective enterprise risk management practices played a large role in the…
