ShoreOne Insurance Managers, Inc. has been acquired by Totalis Program Underwriters. Founded by Cameron Rhodes and Nick Steffey, ShoreOne will continue to operate as an independent business unit within Totalis and Cameron Rhodes will succeed Nick Steffey as chief executive officer. Founded by Cameron Rhodes and Nick Steffey, ShoreOne offers a…
Reinsurance
Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced the appointment of Jason Busti as Head of North America Treaty Reinsurance to lead the division’ s treaty reinsurance business across the United States, Bermuda, and Canada. “Jason is a highly respected leader with a deep understanding of the North American reinsurance…
Scott Machut has joined Alliant Insurance Services as Senior Vice President with the Value-Based Healthcare and Risk Management Solutions team within its Employee Benefits Group, where he will focus on strategic growth. “Scott will play an active role in expanding our value proposition for the healthcare delivery market through analytics-driven risk…
Proposed changes in how the Hong Kong Insurance Authority evaluates non-life insurers’ required capital levels around natural catastrophes and man-made risks, as well as offshore reinsurance business, could bolster this geographic market’ s position as a global reinsurance and risk management hub, according to a new AM Best report. The proposed…
The Cayman Islands sits at the heart of a network of British financial jurisdictions. The Cayman Islands has emerged as an unlikely place to fill the gap. But a 2025 Federal Reserve analysis revealed that the total figure was actually closer to $1.4 trillion by the end of 2024— with some estimates reaching as high as $1.85 trillion— after nearly 40 percent of new…
Today, U.S. Senators Jeanne Shaheen, Ranking Member of the Senate Foreign Relations Committee, sent a letter to the CEO of the U.S. International Development Finance Corporation, Benjamin Black, raising serious concerns about the Administration's reported plan to provide up to $20 billion in taxpayer-funded political risk reinsurance for maritime trade…
Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced that it has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada, to The Wawanesa Mutual Insurance Company. This transaction marks another decisive step in Everest’ s strategic repositioning and advances…
NEW YORK& LONDON—- Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, creating a broader, more diversified specialty insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. With IQUW Group, Starr has strengthened its position in the London…
The following information was released by Rainforest Action Network:. Rainforest Action Network responds to DFC's announcement of Chubb as lead partner for the $20 billion Maritime Reinsurance Plan. The Trump administration is using $20 billion in U.S. taxpayer money to backstop oil and gas tankers navigating a war zone and Chubb, the world's largest…
2026 MAR 20– 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“ CHUBB” by Jenifer DeWolf Paine Fish& Richardson P.C., representing The Chubb Corporation. This application was made available to the public on March 07, 2026.
The global insurance industry is currently operating at a trillion-dollar scale, with the 2025 market valued at $8.33 trillion and projected to climb past $11.6 trillion by 2030. In the U.S. alone, the market stood at $2.27 trillion in 2025, with forecasts pointing toward nearly $4.95 trillion by 2035.. Here, Brad Spurgeon Insurance Agency breaks down the…
Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved -0.7% on the day to $325.67. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, […]
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Vietnam National Scale Rating of aaa.VN of PVI Insurance Corporation. The outlook of these Credit Ratings is stable. PVI Insurance benefits from good financial flexibility, given its majority ownership by HDI V.a.G.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Taiping Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CTIM’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
Accelerant Holdings, a data-driven company modernizing the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the fourth quarter and full year ended December 31, 2025. “We closed out 2025 with a fantastic quarter, meeting or exceeding our expectations across our key operating metrics and…
Mr. Anthony previously served on the Board of IGI Holdings Dubai Limited from 2018 until March 2020, and as a Director on the Board of International General Insurance Company Ltd, a Bermuda- based subsidiary of IGI, from January 2020 until December 2025. Andrew J. Poole, who has served as a Director of IGI and a member of its Compensation Committee since March 2020, has…
The Plateau Group, a multi-line insurance company serving financial institutions and facilitating new product programs since 1981, announced it will operate under a new brand: Lumos Insurance. "Lumos is a new name on top of a proven foundation," said Vince Bodnar, president and chief financial officer. Founded in 1981 by a consortium of Tennessee banks to…
AM Best has assigned a Financial Strength Rating of B, a Long-Term Issuer Credit Rating of“ bb” and a Philippines National Scale Rating of a.PH to Stronghold Insurance Company, Inc.. The outlook assigned to these Credit Ratings is stable. In addition, the company has a low-to-moderate risk investment portfolio with the majority of assets allocated to cash,…
Odyssey Reinsurance Company today announced the appointment of Philip Klecan as its chief agent in Canada, effective March 27. Mr. Klecan succeeds Jean-Raymond Kingsley, who is retiring after 15 years with the Company. Odyssey Reinsurance Company is a globally diversified underwriter of property and casualty reinsurance products.
