AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Philippines National Scale Rating of aa+. PH of National Reinsurance Corporation of the Philippines. AM Best views the company’ s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the…
Reinsurance
In 2023, Guam was impacted by Typhoon Mawar, which was the most severe weather event since 2002. Despite this event, Pacific Indemnity reported operating income of $1.1 million and would have reported capital growth if not for a change in the interpretation of the Guam Insurance Code, which required the company to non-admit real estate property other than for…
AM Best has upgraded the Financial Strength Rating to A from B++ and the Long-Term Issuer Credit Rating to“ a” from“ bbb+” of GIG Insurance- Egypt S.A.E.. GIG- Egypt is a strategically important subsidiary of GIG, representing its interests in Egypt. GIG- Egypt is expected to benefit from this merger, which will add significant additional capital resources to the company.
PEMBROKE, Bermuda—- AXIS Capital Holdings Limited today announced leadership appointments for the Company’ s Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both domiciled in Ireland and regulated by the Central Bank of Ireland. Dax Gulmohamed has been appointed CEO of ASE, overseeing the legal entity and its branches in Belgium and the UK.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Golden Tree Reinsurance Limited. Golden Tree is a subsidiary of Iris Financial Services Limited and is owned ultimately by Springbrook Capital Ltd., a privately held holding company with diversified operations in insurance and financial services.
Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely susceptible to significant catastrophic events. Following hurricanes Irma, Michael and Ian in 2017, 2019 and 2022, respectively, the Florida- concentrated group of property insurers lost more…
Legacy as a strong investor in financial services, including in insurance and asset management Perceived as a financial holding company Investment in Arena, a high- quality $3.5 bn AUM alternative asset manager, well positioned to scale Significant value creation opportunity that can be accelerated through a strategic transaction/ partnership Strong…
We are offering $600,000,000 aggregate principal amount of our 6.625% Fixed-Rate Reset Junior Subordinated Debentures due 2054. The debentures will bear interest from, and including, the date of original issue to, but excluding, October 15, 2034, at the fixed rate of 6.625% per annum and from, and including, the First Reset Date, during each Reset Period, at a rate…
Regulators set to tackle reinsurance concerns after comment period
State insurance regulators are set to return to the reinsurance issue as soon as Thursday.
2024 OCT 08– By a News Reporter-Staff News Editor at Obesity Daily News– Data detailed on Obesity, Fitness and Wellness have been presented. Financial support for this research came from AXA Research Fund. Our news editors obtained a quote from the research from Cornell University,“ Traditionally, the majority of these costs scale linearly with the volume of…
Thank you for your interest in Pro-Dex. Pro-Dex has aggressive growth plans while we also work to improve the patient and doctor experience. I remain thankful for, and proud of, the team we have here at Pro-Dex.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of the European Mutual Association for Nuclear Insurance. The outlook of these Credit Ratings is stable. The ratings reflect Emani’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of European Liability Insurance for the Nuclear Industry. The outlook of these Credit Ratings is stable. The ratings reflect ELINI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business…
AM Best has assigned Preliminary Credit Assessments to Previsor Insurance Company, MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company with Financial Strength Assessments of A- pca and Long-Term Issuer Credit Assessments of“ a-” pca. The PCAs reflect AM Best’ s expectation that the Underwriting Entities will qualify…
As many in Helene-ravaged Western North Carolina pick through the remnants of their lives, the state’ s department of insurance kicked off a hearing into insurance companies’ request to raise homeowners’ premiums statewide by an average 42.2%. On Monday, attorneys on both sides met for the quasi-judicial proceeding in the department’ s second-floor hearing…
Programs Plus, Inc. and Innovative Risk Management, Inc. each a subsidiary of One80 Intermediaries, today announced that they are moving their preferred habitational program from Colony Insurance Company to Ascot Specialty Insurance Company. “The Captive/ Alternative Risk Transfer market is an important part of Ascot’ s strategy as we look to expand our…
This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities, and we are not soliciting an offer to buy these securities, in any jurisdiction where the offer or sale is not permitted. Filed Pursuant to Rule 424 Registration No. 333-270053 SUBJECT TO COMPLETION, DATED OCTOBER 8, 2024 Preliminary Prospectus…
40-17 G Logan Ridge Finance Corporation. Enclosed for filing, pursuant to Rule 17 g-1 of the Investment Company Act of 1940, as amended, please find the following information with respect to Logan Ridge Finance Corporation. Please note the following for the Securities and Exchange Commission's records:.
AcreShield, the developer of Yield Optimizer™, completed its Series A funding of more than $2.5 million. The board of directors authorized Series A for an additional $2 million. “We were attracted to this investment opportunity because of the proven track record and demonstrated experience of the founding team,” said Kaylee Williams, investment director of…