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,…
Reinsurance
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…
The Best’ s Market Segment Report,“ Record-breaking Catastrophe Bond Issuance in First Half of 2026; ILS Capacity Experiences Rate Softening at Renewals,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. This followed three consecutive years of stellar ILS and reinsurance market returns, which has…
*Arkansas, North Carolina, and Missouri saw the largest decreases in home insurance rates. *North Carolina approved two 7.5% base-rate increases from 2025 to 2026, but actual home insurance rates went down. States with the largest decreases in annual home insurance premiums are Arkansas, North Carolina, Missouri, North Dakota, and Mississippi.
AM Best has affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” of Life Insurance Company Centras Life JSC. An offsetting rating factor is Centras Life’ s investment portfolio which, albeit conservative by asset class, has a high degree of concertation and it is exposed materially to the high levels of economic and financial…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of United States Liability Insurance Company and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company; Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company. All companies are domiciled in…
BCG’ s survey initiative aims to clarify the drivers behind today’ s inactivity in jumbo Pension Risk Transfer transactions in the U.S. BRAINTREE, Mass.—- BCG Pension Risk Consultants| BCG Penbridge today announced publication of The Pension Accounting Pushback Challenge, a follow-up article to its February 2026 paper, The Structural Bottleneck in the U.S.
A new AM Best report notes an increased level of reinsurance leverage by U.S. life/annuity companies ceding out business, which is being fueled by strong annuity product growth, higher interest rates, and further offshore transactions as a result of differing capital regimes. The Best’ s Market Segment Report,“ Global Life/Annuity Reinsurers Remained Poised…
PEMBROKE, Bermuda—- Pelagos Insurance Capital Limited, announced that Jonny Strickle, Group Managing Director, is scheduled to present at the 2026 KBW Insurance Conference in New York. The presentation will take place on Thursday, September 10, 2026, at 2:20 p.m. EDT. A live, listen-only webcast of the presentation will be available via the Investors section of…
AM Best executives and analytical staff, in association with senior leadership from the Federation of Afro-Asian Insurers& Reinsurers, will discuss AM Best’ s insurance rating methodology and the process undertaken by companies across Africa, the Middle East and Asia to obtain a Best’s Credit Rating on Tuesday, 22 September 2026, at 9:00 a.m. GMT/ UTC.
