AM Best has downgraded the Financial Strength Rating to A- from A and the Long-Term Issuer Credit Rating to“ a-” from“ a” of Southern States Insurance Exchange. The outlook of these Credit Ratings is stable. The business profile assessment reflects the company’ s niche market in agricultural industry and geographic concentration in mid- Atlantic and Southeast U.S….
Reinsurance
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of BNY Trade Insurance, Ltd. and The Hamilton Insurance Corp.. The outlook of these Credit Ratings is stable. The ratings of BNY Trade reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral…
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to Berkeley Re Designated Activity Company. The outlook assigned to these Credit Ratings is stable. Berkeley Re is the captive reinsurer for Mondelez International, Inc., a global confectionary, food and beverage company based in the United States.
The research, completed in November 2024, analyzed 2,867 claims from 2020 to 2024 using an unsupervised machine learning approach. Nine percent of open claims were identified as high potential for Special Investigation Unit referral. Michigan and Arizona showed the highest percentages of potential fraud indicators. The model’ s predictions closely…
U.S. property, auto and business insurers are assisting disaster victims after dozens of deadly tornadoes tore across multiple states over the past several days, damaging thousands of homes and business structures, according to the Insurance Information Institute. “Property/casualty insurers are the nation’ s financial first responders and many already…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Dubai Insurance Company. The outlook of these Credit Ratings is stable. The ratings reflect DIN’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise…
The market size was estimated at USD 8.00 billion in 2023 and is projected to grow from USD 8.88 billion in 2024 to USD 28.24 billion by 2035, exhibiting a compound annual growth rate of 11.09% during the forecast period. This growth is driven by the surge in cyberattacks, increased regulatory requirements, and heightened awareness of cyber risk management.
Triple-I: Resilience, Collaboration and Investment Essential to Mitigate Growing Wildfire Risk in US
The Insurance Information Institute today published its latest wildfire Issues Brief highlighting how fire risk is escalating across all regions of the U.S.. “Resilience, collaboration and investment are what’ s needed to ensure that our communities are safe from wildfire,” said Sean Kevelighan, CEO, Triple-I.“ The insurance industry is working with all…
Porch Group, Inc., a new kind of homeowners insurance company, today announced the continued outstanding performance of Homeowners of America Insurance Company, per the AM Best Market Share Report 1, as well as continued exceptional loss ratio performance at HOA and the Porch Reciprocal Exchange in Q1 2025.. “The AM Best report for 2024 underscores another year…
AmTrust International, a global specialty insurer and reinsurer, has announced significant progress in its Turkish operations following the successful opening of its office in Istanbul last year. AmTrust International is a multinational insurance company offering niche solutions to businesses and their customers. For more information about AmTrust…
A year after Republican leaders ushered in a series of pro-industry changes in a bid to alleviate the home insurance crisis in Louisiana, officials are confronting a hard truth: there are few immediate signs of relief. And while the ongoing legislative session has put the focus on auto insurance rates, many homeowners in south Louisiana still face the threat of…
KBRA assigns a preliminary rating of "BBB” with Stable Outlook to surplus notes to be issued by Clear Blue Specialty Insurance Company. As surplus notes, the Notes are deeply subordinated and payments thereon are subject to the prior approval of the Texas Department of Insurance. CBSIC is one of four operating insurance carriers owned by Clear Blue Financial…
Table of Contents As filed with the Securities and Exchange Commission on May 16, 2025. New York, New York 10166-0188. New York, New York 10166-0188.
OF THE CONDITION AND AFFAIRS OF THE. Organized under the Laws of New York, State of Domicile or Port of Entry. Country of Domicile United States of America.
PLRe is a life reinsurance subsidiary of its ultimate parent, Popular, Inc., a publicly traded bank holding company based in Puerto Rico. Additionally, the company reinsures a portion of credit insurance policies on consumer loans that originated at Banco Popular de Puerto Rico, as well as personal accident and health policies underwritten by unaffiliated…
AM Best Managing Director Greg Williams will join a panel discussion during The Insurer’ s upcoming Program Manager Conference and Awards on May 29, 2025, at Gotham Hall in New York City, NY. Williams oversees a team of analysts who are responsible for monitoring and evaluating companies that operate in the personal lines, commercial lines and life/annuity…
American Family Life Assurance Company of Columbus. OF THE CONDITION AND AFFAIRS OF THE. American Family Life Assurance Company of Columbus.
The Company aims to give shareholders a higher than average retuwith growth of both capital and income over the medium to long-term by investing in a broad spread of predominantly UK companies. The Company invests in a combination of large, medium and smaller companies listed in the UK. In normal circumstances up to half the portfolio is invested in FTSE 100…
FIDELITY& GUARANTY LIFE INSURANCE COMPANY OF NEW YORK. AS OF MARCH 31, 2025. OF THE CONDITION AND AFFAIRS OF THE.
