Very few know what to do with it. Datavault AI just flipped that equation with something bold, simple, and potentially industry-defining: two new Data Unions that let insurance agents and accounting firms turn the information they already generate into recurring revenue– not for Big Tech, but for the people where the data originates. Companies like Meta, Google,…
Reinsurance
Arch Global Services India, a wholly-owned subsidiary of Arch Capital Group Ltd.— a global provider of insurance, reinsurance and mortgage insurance and member of the S&P 500— today announced the grand opening of its new office in Hyderabad. “Hyderabad is globally recognized for its deep pool of IT professionals and vibrant tech ecosystem,” said Prashant Nema,…
Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced it has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group. The cover is composed of two…
However, Canada’ s insurers continue to navigate significant challenges, including persistent climate-related risks, challenges in the personal auto sector, partly from rising accident frequency, in addition to economic volatility.“ These pressures are testing the industry’ s resilience and demand continual refinement of underwriting strategies and…
Malcolm, who has more than 35 years’ experience in the London market, joins IGI from Amlin Syndicate 2001. “We are excited to bring Malcolm on board as part of our reinsurance team,” said IGI Chief Underwriting Officer Mr. Chris Jarvis.“ He comes with significant underwriting experience and will be a strong fit as IGI continues to build its treaty reinsurance…
Keep your fingers crossed but it looks like no hurricane or tropical storm will pay Florida a visit this year. Florida's homeowners insurance has been a topic of debate and frustration for years. The Legislature passed some laws in 2022 it believed would help ease the dilemma.
2025 OCT 24– 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 October 13, 2025.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Compañía Reaseguradora del Ecuador S.A.. Ecua Re was established in 1977 and is the only domestic reinsurer operating in Ecuador. The company benefits from recent regulatory changes in Ecuador allowing primary insurers to cede personal lines business,…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Maxseguros EPM Ltd.. The ratings recognize the important role of the company within its corporate parent structure, Empresas Públicas de Medellín E.S.P., which is owned by the Colombia municipality of Medellín. EPM is the largest power generation and…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Bank of China Group Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect BOCG Insurance’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile…
Universal Insurance Holdings reported third quarter 2025 results. Net income available to common stockholders was $39.8 million, compared to a net loss of $16.2 million in the prior year quarter, and adjusted net income available to common stockholders was $39.1 million, compared to a net loss of $20.8 million in the prior year quarter. Revenue was $401.0…
Kinsale Capital Group, Inc. announced today that Brian D. Haney, President and Chief Operating Officer, has been elected to the Company’ s Board of Directors, effective October 23, 2025. In addition, Mr. Haney has informed the Company of his plans to retire on March 2, 2026. Upon retirement, Mr. Haney will commence a consulting engagement with the Company as a Senior…
Today, Governor Ron DeSantis was joined by Insurance Commissioner Michael Yaworsky to announce continued progress in Florida's insurance market, with major reforms driving down rates, attracting new insurers, reducing litigation, and delivering significant savings for Florida consumers. "Florida's insurance market is stabilizing with decreasing auto…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M. Life Insurance Company and MML Bay State Life Insurance Company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of“ aa-” on the surplus notes of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…
An offsetting rating factor is EARe’ s exposure to the very high levels of political risk and the high levels of economic and financial system risks in Kenya, where the company is domiciled and over 80% of its invested assets are located. EARe has a track record of adequate operating performance, with return-on-equity ratios moderately exceeding inflation…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Gulf Insurance Group B.S.C. (c). The ratings also factor in lift from GIG Gulf’ s parent company, Gulf Insurance Group K.S.C.P., due to the strategic importance of GIG Gulf to the group. In 2024, GIG Gulf reported a post-tax profit of BHD 17.0 million, translating to a…
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,…
Selective Insurance Group, Inc. reported financial results for the third quarter ended September 30, 2025, with net income per diluted common share of $1.85 and non-GAAP operating income 1 per diluted common share of $1.75. Catastrophe losses were 2.1 points, and net unfavorable prior year casualty reserve development was 3.3 points, driven by $40 million of…
