Ryan Specialty Holdings, Inc., a leading international specialty insurance firm, today announced that Steve Keogh, Chief Operating Officer, and Brendan Mulshine, Chief Revenue Officer, have been appointed to the additional roles of Co-Presidents of Ryan Specialty. “These appointments reflect the significant contributions Steve and Brendan have each made…
Reinsurance
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Al Dhafra Insurance Company P.S.C.. The outlook of these Credit Ratings is stable. However underwriting performance has been challenged since 2023, with the company reporting a net-net combined ratio, as calculated by AM Best, of 101.4% for the year-ended 31…
The Institutes RiskStream Collaborative and BluePond.AI announced a strategic partnership to address one of the property and casualty insurance sector’ s most persistent challenges: the broken flow of risk data between agents, carriers, and reinsurers. “Our collaboration with BluePond.AI is about more than just technology— it’ s about reimagining how the…
As part of its strategy to expand within the annuity market, Axonic Insurance TM, an annuity and investment solutions provider backed by Axonic Capital, and iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, announced a new alliance that streamlines the annuity order entry process for the…
Jérôme Jean Haegeli, Swiss Re’ s group chief economist and head of Swiss Re Institute, will deliver the keynote presentation, titled,“ Economic and Geopolitical Outlook.”. The programme also will focus on climate challenges and opportunities for the insurance industry, with a panel discussion that includes Alex Hindson, partner, head of sustainability, Crowe UK;…
Alliant Insurance Services is pleased to welcome Rob Fast as Executive Vice President within its Employee Benefits Group. Based in Portland, Maine, Fast will leverage his broad background in health, life, and disability insurance, along with reinsurance expertise, to enhance Alliant’ s client offerings, drive new initiatives, and provide strategic guidance to…
Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today, today announced the general availability of its Fall’ 25 Release. The new agents automate complex processes across P& C and L& AH Intelligent Core Suites and Loss Control, helping insurers speed up quoting and claims, simplify billing, and cut manual work…
–Consumers' Research launched a seven-figure campaign against Chubb Insurance, stating in its Woke Alert that the company promotes DEI, gender ideology, and climate extremism. Consumers' Research is a conservative consumer protection organization. Hild told The Center Square that " Chubb Insurance has a responsibility to their customers first and foremost…
–Consumers' Research launched a seven-figure campaign against Chubb Insurance, stating in its Woke Alert that the company promotes DEI, gender ideology, and climate extremism. Consumers' Research is "the nation's oldest consumer protection organization," according to Hild. Hild told The Center Square that " Chubb Insurance has a responsibility to their…
She will be succeeded by Marc-Andre Giguère, who will continue to oversee the United States, and Bernard Naumann, who will continue to lead Canada and the Caribbean. Under her leadership, the life reinsurance business in the United States, Canada, and the Caribbean has experienced unprecedented growth and success. Her achievements include significant…
Symetra Life Insurance Company announced that its acquisition through reinsurance of Dearborn Group’ s life and disability business closed on Oct. 1, 2025, in accordance with the terms of the definitive agreement reported on June 30, 2025. The arrangement includes a multi-year distribution agreement with Dearborn Group’ s parent company, Health Care…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Top Layer Reinsurance Ltd.. These ratings continue to reflect the substantial amount of support Top Layer receives from its co-owners, State Farm Mutual Automobile Insurance Company, currently with an FSR of A++ and a Long-Term ICR of“ aa+”, and Renaissance…
Private equity life insurers turn to Japan in latest reinsurance dealmaking
A pair of private equity-backed life insurers announced significant reinsurance deals this week with Japanese reinsurance companies.
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 Golden Bear Insurance Company. The Credit Ratings reflect GBIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable. The group’ s total reported capital declined by 10% year-over-year to JPY 3.5 trillion as of 31…
Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today its role as a Title Sponsor of ITC Vegas 2025, the world’ s largest gathering of insurance innovators. Taking place October 14-16, 2025 at Mandalay Bay, Las Vegas, Majesco will bring its bold new theme, Dare to Imagine, to the forefront, challenging the…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Sura Re Ltd.. Sura Re is a captive reinsurer based in Bermuda fully owned by Suramericana S.A., an insurance group that is 81.1% owned by Grupo de Inversiones Suramericana S.A.. Sura Re was established in Bermuda as a Class 3 A insurer in December 2015, and in April…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ a+” from“ a” and affirmed the Financial Strength Rating of A of Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A.. The outlook of these Credit Ratings is stable. Solunion is the operating holding company of the Solunion group of companies, a 50- 50 joint venture between the MAPFRE group…
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 Grupo Mexicano de Seguros, S.A. de C.V.. GMX is a subsidiary of GMS Valore, S.A. de C.V., which provides GMX with synergies and operating efficiencies as a member of this group. The company initiated operations in Mexico…
