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Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today that it has been positioned by Gartner as a Leader in the September 2025 Gartner ® Magic Quadrant™ for SaaS P&C Insurance Core Platforms for its offering, Majesco P&C Intelligent Core Suite. This recognition marks the sixth time Majesco has been named a…

AM Best- rated U.S. property/casualty mutual insurance companies posted net income of $26.0 billion in 2024, as compared with a $10.8 billion net loss in 2023, according to a new report. The new Best’ s Market Segment Report,“ Profitable Results for US Property/Casualty Mutuals Owed to Improved Rate Adequacy,” states that the improved 2024 results were aided by…

New Energy Risk, a specialist in technology performance insurance with more than a decade of experience underwriting complex technology projects, today announced its first tax credit insurance transaction. In partnership with the Tax Insurance brokerage group at Alliant Insurance Services, NER has bound its first tax credit insurance policy in support…

2025 SEP 19– 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“ RELIANCE MATRIX” by Christina D. Frangiosa Neal& McDevitt, LLC, representing Reliance Standard Life Insurance Company. This application was made available to the…

NEW YORK& CARLSBAD, Calif.—- Leading global investment firms KKR and Onex today announced that Onex Partners will acquire Integrated Specialty Coverages, a tech-enabled insurance platform dedicated to designing, underwriting, and distributing insurance solutions. "It’ s been an extraordinary journey partnering with ISC’ s employees and leadership team,…

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Ratings of“ bbb-” of Azuaga- Companhia de Seguros S.A.. The company is a wholly owned subsidiary of Corporación Financiera Azuaga, S.L., a conglomerate holding company. Azuaga’ s limited business profile assessment reflects its position as a small monoline insurer, focusing…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Samsung Fire& Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire& Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd. and Samsung Reinsurance Pte. Ltd.. Concurrently, AM Best has affirmed the FSR of A-, the Long-Term ICR of“ a-”, and…

kWh Analytics, the market leader in Climate Insurance, today announced the successful close of a parametric Wind Proxy Hedge risk transfer deal, this time for a 79 MW wind project in Virginia developed by Apex Clean Energy. "Implementation of the Wind Proxy Hedge structure went smoothly, and we are evaluating this product on additional projects," commented a…

The following information was released by the U.S. House of Representatives Committee on Financial Services:. Today, the Subcommittee on Housing and Insurance, led by Subcommittee Chair Mike Flood, held a hearing examining the functions of the Terrorism Risk Insurance Act of 2002 and how it interacts with both domestic and international terrorism insurance…

2025 SEP 17– 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“ EVERROCK” by Kathryn Swint Pirkey Barber PLLC, representing The Prudential Insurance Company of America. This application was made available to the public on…

Ethio Re’ s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’ s Capital Adequacy Ratio, which was comfortably at the strongest level at fiscal year-end June 2024. An offsetting rating factor is Ethio Re’ s exposure to high levels of economic risk and very high levels of political and financial system risks in…

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 Forestry Mutual Insurance Company. The Credit Ratings reflect FMIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and…

A-CAP Group, a New York- based insurance and financial services company with over $12 billion in assets, is pleased to share a comprehensive business update, including financial results as of June 30, 2025, notable asset transactions, product enhancements, and strategic operational developments. As of June 30, 2025, Atlantic Coast Life and Sentinel report…

AM Best is a sponsor at the upcoming African Insurance Organisation 29 th annual African Reinsurance Forum, taking place 11-15 October 2025 in Harare, Zimbabwe. AM Best recently published its major annual special report on the global reinsurance industry, featuring dedicated sections focused on reinsurance trends in the Middle East and North Africa…

2025 SEP 12– 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“ ARCH RISK MANAGEMENT” by Kenneth Ritz Cahill Gordon& Reindel LLP, representing Arch Capital Group Ltd. This application was made available to the public on…