Reinsurance

Here "s what Florida insurance officials want the Legislature to do next year about the state" s troubled property insurance market:. Major litigation reforms enacted in 2022 and 2023 are strengthening the industry by reducing lawsuits, which has helped private market companies return to profitability following five straight years of underwriting losses,…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Insurance Corporation of Barbados Limited. The outlook of these Credit Ratings is stable. ICBL’ s limited business profile assessment reflects the company’ s business concentration in Barbados.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Caribbean Alliance Insurance Company Limited. The outlook of these Credit Ratings is stable. Like many of its Caribbean peers, CAIC has an elevated level of reinsurance dependence.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and its rated insurance subsidiaries. Concurrently, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa-” to HDI Global Select Insurance Company. Additionally, AM Best has affirmed the Mexico…

Factors that could cause actual results to differ materially may be found in the Company's filings with the U.S. Securities and Exchange Commission, in the "Risk Factors" section in the Company's most recent Annual Report on Form. Florida through its wholly owned subsidiary, American Coastal Insurance. AmCoastal has the #1 market share in commercial…

From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. We may make forward-looking statements in this 2024 Annual Information Form…

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit rating of“ bbb-” of Continental Reinsurance Plc. A further offsetting factor is CRe’ s high exposure to the elevated levels of economic, political and financial system risk associated with its main operating markets in Africa. However, AM Best views these risks to be partially…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of African Reinsurance Corporation. An offsetting factor is ARC’ s exposure to the elevated levels of economic, political and financial system risk that are associated with its main operating markets in Africa. AM Best notes that the company’ s ROE should be viewed…

For the period ended October 31, 2024. For further information, please contact:. The Consolidated Financial Statements are prepared in compliance with International Financial Reporting Standards as issued by the International Accounting Standards Board and International Accounting Standard 34, Interim Financial Reporting unless otherwise noted.

Aon Names Robert O'Connell as Global Cyber Strategy and Growth Leader, Executive Managing Director of Reinsurance Solutions O'Connell brings advanced cyber intellectual property portfolio to Aon from Platform Labs NEW YORK, Dec. 3, 2024- Aon plc, a leading global professional services firm, today named Robert O'Connell as global cyber strategy and growth…

AM Best will host a market briefing to discuss its outlooks on the U.S. insurance industry’ s major segments and the global reinsurance industry, along with leading issues facing the insurance industry on Wednesday, Feb. 12, 2025, at the Grand Cayman Marriott Resort in the Cayman Islands.. Andrea Keenan, executive vice president and chief strategy office, will…

AM Best has maintained its market segment outlook for the U.S. life/annuity insurance segment at stable, supported by strong capitalization across the industry, robust top-line growth in core lines of business and consistent profitability trends. In its Best’ s Market Segment Report,“ Market Segment Outlook: US Life/Annuity,” AM Best states that the…

Porch Group, Inc., a homeowners insurance and vertical software platform, today shared details about its upcoming in-person Investor Day, scheduled for December 5, 2024 starting at 9 am Eastern in New York and virtually. The Investor Day marks a milestone for Porch as we share our roadmap we believe will lead to sustained growth, increased profits, and value…

Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country. According to S&P Global Market Intelligence, homeowners insurance increased an average of 11.3% nationwide in 2023, with some states, including Texas, Arizona and Utah, seeing nearly…

American Integrity Insurance Group, a trusted innovator in Florida’ s residential property insurance industry, is thrilled to announce the promotion of Jon Ritchie to President. Jon Ritchie, President, American Integrity Insurance Group. “In an industry defined by constant change, Jon’ s transformative leadership has elevated American Integrity, helping us…

AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to National Grid Insurance USA Ltd. The outlook assigned to these Credit Ratings is stable. The ratings also consider rating enhancement from NGIUSA’ s affiliate, National Grid Insurance Company Limited, which is the largest captive of the NG group and provides…

AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to its persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. “Our expectation is that the U.S. commercial lines segment will remain profitable in the aggregate…

AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, which corresponds with a change to the personal auto outlook. “Carriers recognized the need to respond by aggressively pushing for higher rates to better account for these more volatile trends,” said Christopher Draghi, director, AM Best.“ Large rate…

Holborn Corporation, a U.S.- based independent reinsurance broker, announced today that Frederic Gindraux has joined the company as Senior Vice President, Claims Advisory. Mr. Gindraux brings over four decades of insurance industry claims-related experience to Holborn. Before joining Holborn, Mr. Gindraux spent roughly thirty years at Swiss Re, most recently…