Assured Guaranty Ltd. announced today its financial results for the three-month period ended June 30, 2026. Both GWP and PVP exceeded last year’ s first half totals, increasing by 26% and 48%, respectively, led by results in our U.S. public finance and global structured finance businesses. The Financial Guaranty segment primarily consists of the Company’ s…
Reinsurance
AM Best has affirmed the Financial Strength Rating of B-, the Long-Term Issuer Credit Rating of“ bb-” and the Egypt National Scale Rating of aa+. EG of Egyptian Takaful Properties and Liabilities Insurance Company. Despite Egyptian Takaful’ s conservative investment allocation by asset class, AM Best considers the quality of its assets to be weak given the company’ s…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Lloyd’ s, Lloyd’ s Insurance Company Limited and Lloyd’ s Insurance Company S.A.. Capital adequacy is supported by a robust risk-based approach to setting member-level capital and Lloyd’ s Central Fund, which is available to meet the policyholder obligations of…
Fly Baghdad has announced that it has been removed from the U.S. Department of the Treasury’s Office of Foreign Assets Control List of Specially Designated Nationals and Blocked Persons, marking the successful conclusion of a comprehensive two-year compliance transformation. As of that date, Fly Baghdad is no longer subject to U.S. blocking sanctions, and…
The following information was released by the office of Arizona Senator Ruben Gallego:. WASHINGTON Today, Senator and Member of the Senate Committee on Banking, Housing, and Urban Affairs Ruben Gallego, and 19 other members of Congress sent letters to USAA, State Farm, Progressive, Liberty Mutual, Farmers, and Allstate requesting information on the usage of…
AM Best expects insured losses from the ongoing wildfires in and around Spokane, WA, to be considerable, with more-concentrated individual insurers likely to be more negatively impacted. “In the longer term, depending on the magnitude of the insured losses, primary insurers with a concentration of their homeowners’ or commercial property portfolio in areas…
Assured Guaranty Ltd. announced that Kroll Bond Rating Agency, LLC has affirmed the AA+ insurance financial strength ratings of Assured Guaranty Inc. and its insurance subsidiaries, Assured Guaranty UK Limited and Assured Guaranty SA. “substantial claims-paying resources”“ formal risk management framework”“ disciplined underwriting and surveillance”“…
For the second quarter ended June 30, 2026, iA Financial Group recorded core earnings† of $330 million and core diluted earnings per common share†† of $3.68, which is 5% higher than the same period in 2025, when insurance experience was very favourable. “Our diversified business model continued to demonstrate its strength in the second quarter, as broad-based…
Assurant, Inc., a global company that redefines the boundaries of protection– safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world’ s leading brands, today announced results for the second quarter ended June 30, 2026. "Assurant delivered another quarter of record earnings, reinforcing our…
Equitable Holdings, Inc. today announced financial results for the second quarter ended June 30, 2026. Our businesses delivered healthy organic growth, highlighted by $1.7 billion of net inflows in Retirement, $2.0 billion of advisory net inflows in Wealth Management and $0.8 billion of net inflows for AllianceBernstein. As of June 30, 2026, total AUM/A…
American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company and one of Florida’ s leading providers of residential property insurance, announced that Senior Vice President of Risk Management Ryan Hodges received the Excellence in Risk Management Award in the Insurance Carriers category as part of…
The following information was released by Maryland Senator Chris Van Hollen:. Senator Chirs Van Hollen joined Senator Elizabeth Warren, Representative Ayanna Pressley, and 17 other members of Congress in a set of letters to USAA, State Farm, Progressive, Liberty Mutual, Farmers, and Allstate requesting information on the usage of credit-based insurance…
The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, and Representative Ayanna Pressley led 18 other members of Congress in a set of letters to USAA, State Farm, Progressive, Liberty Mutual, Farmers, and…
Washington property insurers are acting as financial first responders to help their impacted customers recover from the wildfires devastating the Spokane metropolitan area, according to the Insurance Information Institute. This includes providing immediate relief through additional living expenses coverage for displaced policyholders.
Federato, the AI-native platform for the full policy lifecycle, today launched Federato Claims, an end-to-end claims management system built on the same foundation as underwriting, policy administration, and billing. It captures coverage decisions, reserve movement, and claim reasoning as structured signals and feeds them back into underwriting, pricing,…
Fortitude Reinsurance Company Ltd., today announced a $200,000 donation to the Educational Arts Team through Fortitude Re 4 Good, the company’ s umbrella for charitable giving, volunteerism and community partnerships. Fortitude Re’s COO and EdArts Board Member Sean Coyle presents a $200,000 check to EdArts. “Fortitude Re is proud to continue our partnership…
Orbital Sentry, a deep tech startup building persistent infrared imaging systems for geosynchronous orbit, today announced the close of a pre-seed funding round. The round was led by Ridgeline and with participation from Superorganism and Hustle Fund. “The government has utilized the unique value of persistent overhead infrared for decades,” said Ryan…
For the first time in several years, home sale activity across major markets in south Louisiana picked up in the first half of 2026. Perhaps more telling, so far this year, nearly twice as many companies have filed with the Louisiana Department of Insurance for rate decreases than increases, while several other carriers have indicated they plan to hold rates…
Everspan Group, a specialty property and casualty insurance platform and wholly owned subsidiary of Octave Specialty Group, Inc., today announced three senior appointments to support the company’ s continued growth. Bevan Greibesland will join as Chief Underwriting Officer on August 10, followed by Forest Clay Stewart as Chief Operating Officer on August…
