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PEMBROKE, Bermuda—- Somerset Reinsurance Ltd., a leading provider of reinsurance solutions to the life insurance and annuity market, is delighted to announce the appointment of Riley LaTour as Chief Risk Officer with immediate effect. He majored in Actuarial Science at the University of Wisconsin– Eau Claire, graduating with a Bachelor of Science with Honors.

AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Peace Hills General Insurance Company. The company’ s loss experience has remained favorable compared with industry averages in its core product lines of automobile, personal property and commercial property insurance in Alberta and British…

Emerald Bay Risk Solutions, a collaborative underwriting carrier, today announced a strategic partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The program will provide…

But now they've seen enough cyber incidents to understand what payouts cost them, said Alan Shark, executive director of the Public Technology Institute. The Association of Washington Cities offers a risk management pool to its local government members, while covering some risk through reinsurance. And while cyber plans often used to exclude coverage for…

It should be read in conjunction with documents filed with the Securities and Exchange Commission by SiriusPoint Ltd., including the Company's Quarterly Report on Form 10- Q. Unless the context otherwise indicates or requires, as used in this financial supplement references to "we," "our," "us," the "Company," and "SiriusPoint" refer to SiriusPoint Ltd. and its directly…

Brighthouse Financial, Inc. announced today that it has completed a reinsurance transaction with a third party to reinsure a legacy block of the company’ s fixed and payout annuities. “This transaction reflects our ongoing progress against several strategic initiatives designed to improve capital efficiency, unlock capital and return to our target…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies. The ratings also consider the operational,…

The ratings also reflect the support received from its sister company, Reaseguradora Patria, S.A., the lead company of the Peña Verde group and a well-known reinsurer in Latin America. As of June 2024, Peña Verde had equity of USD 744 million and premiums of USD 464 million. Patria US is considered a new company formation as it began operations in February of 2023,…

The ratings also recognize Genseg’ s affiliation and strategic importance to its ultimate parent, Peña Verde, S.A.B., a leading group in Mexico’ s insurance and reinsurance industries, which provides synergies and operating efficiencies, as well as the reinsurance support from an affiliated company, Reaseguradora Patria, S.A.. Genseg initiated operations in…

In this presentation, references to "Apollo," "we," "us," "our" and the "Company" refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. We believe these factors include but are not limited to those described under the section entitled "Risk Factors" in our annual report on Form 10- K filed with the Securities and…

Lancashire Holdings Limited today announces its trading statement for the nine months ended 30 September 2024. Gross premiums written increased by 9.0% year-on-year to $1.7 billion, insurance revenue increased by 16.8% year-on-year to $1.3 billion. Net losses relating to recent weather events expected to be between $110 million to $140 million. Total…

Freedom Holding Corp., a multinational diversified financial services holding company with a presence through its subsidiaries in 22 countries, today announced the financial results for their second quarter and first six months of fiscal 2025. $581 million in revenue for the quarter Net income of $115 million, or $1.89 earnings per share, diluted, and $1.93…

Prior to the sale of Westminster on June 30, 2024, the Company had six reportable segments as described below. The Commercial segment consisted primarily of Westminster's balances and results. As a result of the sale, Westminter's results have been removed from the Commercial segment for all 2024 amounts and any remaining commercial business not associated…

STATEMENT AS OF SEPTEMBER 30, 2024 OF THE MBIA Insurance Corporation. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE MBIA INSURANCE CORPORATION. Accounting Practices The statutory financial statements of MBIA Insurance Corporation ( " MBIA Corp." or the "Company") are presented on the basis of accounting practices prescribed or permitted by the New York State…

Sector mix by asset class. Headings are included in each tab, as applicable, to distinguish amounts reported under IFRS 17- Insurance Contracts and IFRS 9- Financial Instruments and those reported under the previous accounting standards: IFRS 4. Insurance Contracts and IAS 39- Financial Instruments: Recognition and Measurement.

As at September 30, 2024. The current supplementary financial information is following the adoption of IFRS 17 and IFRS 9 Figures reflect both IFRS 17 and IFRS 9 metrics, as well as IFRS 4 metrics where the calculation has been impacted by the adoption of IFRS 17 and/or IFRS 9 IFRS 17 became effective on January 1, 2023, with a transition date of January 1, 2022…