Members of AM Best’ s insurance ratings division will share their views on the European insurance and reinsurance markets at its annual market briefing taking place in Paris on Tuesday, 10 March 2026. Florence Lustman, president of the French Insurance Federation, will deliver comments during the half-day morning programme. Headquartered in the United…
Reinsurance
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to CareSource Reinsurance LLC. CareSource Re is a captive subsidiary of CareSource, a not-for-profit managed care company headquartered in Dayton, OH. CareSource is one of the largest Medicaid managed care organizations in the nation.
The following information was released by the Insurance Information Institute:. Winter storms swept through a large swath of the U.S. this weekend, bringing heavy snow, ice, and freezing temperatures, and leaving homeowners, drivers, and businesses to contend with property damage, financial losses, and other disruptions. In comparison, the 2021 Polar Vortex,…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Halldora Re Ltd. The outlook assigned to these Credit Ratings is stable. The company was founded in 2025 by Arrow Global Group Limited, a pan-European asset management group, and is backed by institutional investors and funds managed by the group.
New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute’ s latest Outlook, New York Personal Auto Insurance Premium and Cost Drivers.. Triple-I estimates New Yorkers allocated 2.23%…
The following information was released by the Insurance Information Institute:. MALVERN, Pa., Jan. 26, 2026 New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute's latest Outlook,…
The briefings are scheduled for 3 March 2026 in Munich at the Mandarin Oriental hotel, and in Cologne on 4 March 2026 at the Excelsior Hotel Ernst. To register, or for more information, please visit AM Best’s Insurance Market Briefing– Munich, Cologne. Headquartered in the United States, the company does business in over 100 countries with regional offices in…
After years of losses, fortunes have changed in boardrooms in Bermuda and London. An extraordinary spate of wildfires, hurricanes and other disasters wreaked havoc on the reinsurance industry for several years, spurring wide-reaching effects that included surging insurance bills for Louisiana homeowners. "Reinsurers have been doing well the past few…
2026 JAN 23– 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“ EVERY DAY, A DAY TO DO RIGHT” by Cedric DeLaCruz The Hartford Financial Services Group, Inc., representing Hartford Fire Insurance Company. The registrar…
AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to“ bb+” from“ bbb” of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company. Both companies are collectively referred to as A-CAP Group. A-CAP Group is taking deliberate steps to rebuild and re-establish its brand presence in this…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Hong Leong Insurance Limited. The outlook of these Credit Ratings is stable. HLIA’ s very strong balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which was at the strongest level in fiscal year-end 30 June 2025, as measured…
According to Mr. Smith, Mark LeBlanc and Robley Moor, who founded the program, are expected to assume leadership roles at First Product Protection, and Mr. Smith commented:“ Program leadership, along with underwriting and claims staff, will join United Risk ensuring continuous operations for all brokers and insureds.”. John Johnson, CEO of DUAL North America,…
Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Autonomous Car insurance, a first-of-its-kind product designed specifically for self-driving cars, starting with Tesla FSD. Lemonade expects further reductions as Tesla releases FSD software updates, which are anticipated to make the cars even…
KKR& Co. Inc. announced today that Robert H. Lewin, Chief Financial Officer, will present at the 2026 UBS Financial Services Conference on Monday, February 9, 2026 at 1:00PM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information about KKR& Co. Inc.,…
“Overall, the P/C insurance industry and the broader U.S. economy remain stable,” said Michel Léonard, Ph.D., CBE, chief economist and data scientist at Triple-I.“ However, despite stronger-than-expected GDP growth in the third quarter, a closer look at the data suggests the U.S. economy may be increasingly vulnerable to rising economic, political, and geopolitical…
The bill, sponsored by Pinellas County Republican Kimberly Berfield, addresses findings and recommendations in a study that surfaced last year and was later investigated by the House Insurance and Banking Subcommittee. It found that during that period, 19 insurers based in Florida or surrounding regions funneled billions of dollars in fees to holding…
MALVERN, Pa, January 21, 2026 The U.S. property/casualty insurance industry exhibited resilience in 2025 and is forecast to have its lowest Net Combined Ratio in over a decade. "Overall, the P/C insurance industry and the broader U.S. economy remain stable," said Michel Leonard, Ph.D., CBE, chief economist and data scientist at Triple-I. In particular, P/C replacement…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Employers Preferred Insurance Company and its pooled affiliates, collectively referred to as Employers Insurance Group. All companies are headquartered in Reno, NV.. In the third quarter of 2025, Employers management determined an off-cycle full reserve…
Assured Guaranty Ltd., the leading financial guarantor, today announced its entry into the annuity reinsurance market through the acquisition of Warwick Re Limited, a Bermuda- based life and annuity reinsurer. Assured Guaranty has renamed the acquired entity Assured Life Reinsurance Ltd.. Assured Guaranty expects that, for certain of Assured Life Re’ s…
