Reinsurance

AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of“ bb+” to Insurance Company Alatau City Garant JSC. An offsetting factor is Alatau’ s exposure to high levels of economic and financial system risks associated with Kazakhstan, where the company is domiciled and holds a large majority of its assets. The company achieved a…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Ansvar Insurance Limited. The outlook of these Credit Ratings is stable. The ratings reflect Ansvar’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate…

Arch Insurance North America today announced a series of leadership and distribution appointments designed to strengthen its Wholesale platform and support long-term growth in the Excess& Surplus market. “Unifying E&S Property and E&S Casualty under Jason, and appointing Jared as a dedicated Wholesale distribution leader, allows for stronger internal…

2026 JUN 03– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ MARSH” by Julia K. Sutherland Seyfarth Shaw LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on May 14, 2026.

AM Best has assigned a Performance Assessment of PA-1 to Ryan Specialty Pte. Limited. The outlook assigned to the assessment is stable. In AM Best’ s view, the nine affiliated companies, which include 40 managing general underwriters, operate within a unified governance and systems framework and are considered strategically and financially integral to RSUM’ s…

Karen Clark& Company is pleased to announce CATLAB ® 2026, taking place in Boston from June 2– 4. Emerging construction advancements, including 3 D-printed homes Advances in hurricane forecasting Anti-fragile building and material design New research from the Insurance Institute for Business& Home Safety. “insurers are operating in an increasingly…

Sypher Insurance Exchange is a de novo Florida- domiciled reciprocal insurer formed to write Florida personal residential property business, primarily homeowners and related coverages. In addition, KBRA views management as possessing relevant experience in the Florida homeowners market, and the Exchange may benefit from relationships within Florida’ s…

26 North Reinsurance Holding Company today announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC, which operates Independent Life Insurance Company, the only carrier exclusively dedicated to issuing structured settlement annuities for personal injury claimants and their families.

Insurance claims may be closed without payment for a variety of legitimate reasons, including when damages fall below a policy’ s deductible, the loss is not covered under the terms of the policy, duplicate claims are submitted, or an investigation determines no payment is owed. Importantly, claims closed without payment are not synonymous with denied claims,…

American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company and one of Florida’ s leading providers of residential property insurance, announced today that it has fully placed its 2026-2027 indemnity based, catastrophe excess of loss reinsurance program for its insurance subsidiary, American Integrity…

Virginia's innovative reinsurance program for health coverage is reducing the monthly bill for each person covered by an Obamacare policy by nearly $100 a month, according to the State Corporation Commission. By doing this, the SCC projects average monthly bills this year will be $519 for each covered individual, compared with $617 if the program were not in…

The ultimate parent of Euro Accident is Impilo AB, a Swedish investment firm focused on Nordic healthcare investments. Euro Accident has delivered robust results since 2019, which was its first full year of operation as a Sweden- domiciled insurance company. In 2025, the company generated a return on equity of 22%, as calculated by AM Best, driven by the positive…

AM Best will speak, sponsor and exhibit at the Philippine Insurance Summit on Wednesday, 3 June 2026 in Makati City, Philippines at the Fairmont Hotel. Additionally, Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations will also be in attendance for meetings. Headquartered in the United States, the company does business in…

AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aa+” to Park Avenue Life Insurance Company. The ratings also reflect implicit support from PALIC’ s parent company, Guardian Life Insurance Company of America. PALIC is not actively writing new business but the company is licensed in 48 states and the District of Columbia,…

In its new Best’ s Market Segment Report,“ Market Segment Outlook: Philippines Non-Life Insurance,” AM Best also takes note of the country’ s stabilised reinsurance capacity, the emergence of insurance pools to support underwriting capacity at the primary level, and a broadly supportive pricing environment. However, offsetting factors include macroeconomic…

Lincoln Financial announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’ s common stock. As of March 31, 2026, the company has $340 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for…

Universal Insurance Holdings, Inc. today announced the completion by Universal Property& Casualty Insurance Company and American Platinum Property and Casualty Insurance Company, the Company’ s wholly-owned insurance company subsidiaries, of their combined 2026-2027 reinsurance program, effective June 1, 2026. “We are pleased to announce the…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Berkeley Re Designated Activity Company. The outlook of 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.

Heading into the Atlantic storm season that begins June 1, insurance experts said legislative reforms in 2022 and 2023 targeting“ frivolous” lawsuits, along with a year without any storm hits, have allowed some“ softening” in homeowners insurance prices, growth in new carriers into the state, and a fall in the policy count by state-backed Citizens Property…