Reinsurance

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of AVLA Perú Compañía de Seguros S.A.. The ratings of AVLA Perú also recognize its affiliation and strategic importance to its ultimate parent, AVLA Bermuda Holding Corp Ltd., a financial holding company domiciled in Bermuda that is engaged in insurance…

The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” states that enhanced regulatory oversight, particularly for non-motor lines such as property and liability, is expected to support pricing discipline, strengthen distribution practices and promote prudent market conduct. “For Chinese Interest Aboard business, while…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Ping An Health Insurance Company of China, Ltd.. The ratings also reflect the implicit and explicit support that Ping An Health receives from its two major shareholders, Ping An Insurance Company of China, Ltd. and Discovery Limited, with respect to capital and…

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. In May 2026, GUNA Re recorded significant capital erosion arising from accounting treatment issues in the novation of an underwriting portfolio from the existing entity, NEWGT Reinsurance…

AM Best has revised its outlook to stable from negative for Brazil’ s reinsurance market, citing its resilience to weather-related events and favorable bottom-line results in 2025, driven by renewed underwriting discipline. Another change occurred in April 2026, when Brazil’ s value-added tax reform introduced the CBS and IBS taxes, replacing federal, state,…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of Frank Winston Crum Insurance Company. The outlook of the FSR is stable. Recent adverse reserve development has been driven primarily by legacy general liability exposures, including…

AM Best has assigned the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” to Mainstream Reinsurance Limited Company. The outlook assigned to these Credit Ratings is stable. In addition, Mainstream Re is exposed to high levels of economic, political and financial system risks in Ghana, where the company is domiciled and all its…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Peak Reinsurance Company Limited and its subsidiaries, Peak Reinsurance AG and Peak Reinsurance North America Ltd.. The company’ s reported capital and surplus grew by 17% to USD 1,678 million, supported by retention of underwriting and investment profits,…

A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion. The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening…

Reinsurers operating in the Middle East and Africa reported another year of solid underwriting results, with the MENA market remaining a desirable region for international reinsurers alongside high growth potential in the sub-Saharan Africa region. However, reinsurers’ underwriting appetite has become more selective in response to heightened…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of the members of Allstate Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and all existing Long-and Short-Term Issue Credit Ratings of the ultimate parent, The Allstate Corporation. In addition, AM Best has affirmed the FSR of A and the…

The Insurance Information Institute today announced the launch of its Insurance Affordability Index, a new interactive resource designed to help consumers, policymakers and the media better understand how homeowners and personal auto insurance costs vary nationwide and the economic, risk and market factors driving those differences.

JAB Insurance today announced the launch of JAB Institutional, a next-generation growth and innovation platform focused on insurance, reinsurance, and financial services. JAB Insurance comprises three verticals: a client-focused U.S. retail platform, an institutional business initially focusing on global reinsurance, and a pension risk solutions…

The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening Market”, is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Kanika Thukral, associate director, analytics and one of the report authors, said, "Over the longer term, the reinsurance segment’ s performance…

AM Best has maintained its stable outlook on the global non-life reinsurance segment, noting that it remains fundamentally strong even as it moves past the peak of the hard property market. “Balance sheet strength across the non-life reinsurance segment is favorable from a credit perspective, although the imbalance created by abundant capacity, partially…

A composite of AM Best- rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply, according to a new AM Best report.. AM Best’ s composite of U.S. and Bermuda reinsurers consists of seven reinsurance groups domiciled in either the United States or Bermuda, for which the reinsurance…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of INPEX Insurance, Ltd.. The outlook of these Credit Ratings is stable. The company also secures stable reinsurance capacity from Everen Limited, an energy sector-dedicated mutual insurance company.

Aug. 27— The three Connecticut hospitals caught up in the bankruptcy of for-profit operator Prospect Medical have moved on to new ownership, but a group of patients and doctors in the state are still waiting for relief as the case winds down. "I'm going to say in a holding pattern right now," said Michael D'Amico, an attorney for Pamela Dorn, who is suing Prospect over…