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Progressive, one of the nation "s top auto insurance companies, plans to return nearly $1 billion to Florida policyholders, Gov. "The dispute would be over, like, $50,000, and then the lawyer ends up getting like $350,000. In late July, Progressive stated in a filing to shareholders that, thanks to the reforms, premiums collected from its policyholders could exceed…

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of MMG Insurance Company. AM Best assesses MMG’ s operating performance as adequate based on modest improvement observed through September 2025. Overall, the company’ s loss& loss adjustment expense ratios have…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. For fiscal-year ending 31 March 2025, the company recorded a moderate decrease in premium income mainly from its property and marine businesses.

AM Best will join a panel discussion at the 2025 Shanghai International Reinsurance Conference, which is taking place 21-24 October 2025 in Shanghai, China. Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations, will join a global reinsurance advisory panel in a closed-door meeting scheduled for Tuesday, 21 Oct., at 2 p.m. CST.

AM Best’ s Insurance Market Briefing- Singapore International Reinsurance Conference will discuss trends and developments affecting Asia-Pacific insurance markets on Tuesday, 4 November 2025, as part of the 21 st annual SIRC event. The market briefing will take place at 4:00 p.m. in the Heliconia Main Ballroom of the Marina Bay Sands Expo and Convention…

Constitution is wholly owned by Steven Menzies, chief executive officer, and participates in a quota share reinsurance transaction of workers’ compensation business from a commonly owned insurer, Continental Indemnity Company, consolidated within the North American Casualty Group. This reinsurance agreement was not renewed in 2025, as Constitution is…

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

AM Best will speak and exhibit at the European Captive Forum, which will be held 5-6 November 2025 in Luxembourg. Riccardo Ciccozzi, director, market development– Europe, along with Roisin Gallagher, associate director, market development, also will be attending the forum and will be available to conduct bilateral meetings and answer questions about Best’ s…

Everest Group, Ltd., a global underwriting leader providing world-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Anthony Vidovich as Executive Vice President and General Counsel, effective on or before January 5, 2026. Mr. Vidovich will report to Jim Williamson, Everest’ s President and Chief…

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Compagnie Centrale de Réassurance. The assessment considers CCR’ s significant exposure to the elevated levels of economic, political and financial system risk associated with Algeria, where the company is domiciled, holds over 95% of its invested assets…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Dah Sing Insurance Company Limited. Under its business plan, DSI is expected to maintain healthy growth through new initiatives in the medium term, positioning the company competitively in the Hong Kong…

The Travelers Companies, Inc. today reported net income of $1.888 billion, or $8.24 per diluted share, for the quarter ended September 30, 2025, compared to $1.260 billion, or $5.42 per diluted share, in the prior year quarter. Core income in the current quarter was $1.867 billion, or $8.14 per diluted share, compared to $1.218 billion, or $5.24 per diluted share, in…

The lawsuit includes State Farm Fire and Casualty Insurance Co., State Farm Mutual Automobile Insurance Co., State Farm General Insurance Co., and Oglesby Reinsurance Co., all of which fall under the State Farm company. The suit is asking the courts to order State Farm to turn over documents and comply with the examination by the Illinois Department of…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of BTG Pactual Resseguradora S.A. and BTG Pactual Seguros S.A.. BTG Re is a domestic reinsurer in Brazil, operating predominantly in the surety segments in Brazil, Latin America, and recently, in Portugal and Spain, as part of its expansion strategy.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc. and Essent Reinsurance Ltd.. Essent’ s risk-adjusted capitalization, as measured by Best’ s Capital Adequacy Ratio, is at the strongest level, which is analyzed based on the company’…

Although the company’s investment portfolio is of good liquidity, asset risk is relatively high as assets are concentrated in Egypt, thereby exposing the balance sheet to the country’ s high economic and political risk and very high financial system risk. GIG- Egypt has a record of generating strong earnings despite the challenging operating conditions and…