Ms. Bewlay will report to Eric Andersen, President& Chief Executive Officer of AIG, and join the Company’ s Executive Leadership Team. In this role, Ms. Bewlay will have responsibility for AIG’ s underwriting strategy, including advancing underwriting management best practices and overseeing the Company’ s global underwriting organization and its focus on…
Reinsurance
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of JSC Insurance Company Aldagi Group. The outlook of these Credit Ratings is stable. Offsetting factors include the company’ s onerous dividend policy, which limits its internal capital generation, as well as Aldagi’ s exposure to the moderate political risk…
Acrisure, a global fintech leader, today launches Asero Insurance Services, a specialty managing general agency that unifies several Acrisure- owned program administrators under a common brand in the United States. This press release features multimedia. Acrisure owns 13 US-based MGAs that collectively underwrite over $1 billion of premium, of which six…
Total direct premiums written sourced from DUAEs reached $108.7 billion in 2025, up from $92.3 billion in 2024, according to data from the National Association of Insurance Commissioners. While DUAEs have played a critical role in generating premium growth and developing coverage solutions, particularly for specialty products that cover evolving and…
2026 JUN 26– By a News Reporter-Staff News Editor at Computer Business Daily– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ C-MANAGERPAY” by Angela P. Doughty Ward and Smith, P.A., representing CIT Group Inc. This application was made available to the public on June 16, 2026.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Egypt National Scale Rating of aaa.EG of Misr Insurance Company. MIC is the largest non-life insurance subsidiary of Misr Insurance Holding Company. The company’ s capital requirements are driven mainly by asset risk, given its concentration of assets in…
BISM is a member of W. R. Berkley Insurance Group, which on a consolidated basis, has a balance sheet strength that AM Best assesses at the strongest level, as well as strong operating performance, a favorable business profile and appropriate enterprise risk management. BISM was formed in November 2016 and is one of W. R. Berkley’ s two Mexico subsidiaries.
Today, Mayor Zohran Kwame Mamdani and New York City Economic Development Corporation Interim President and CEO Jeanny Pak announced the next step toward launching a first-of-its-kind City-backed housing insurance program, with NYCEDC releasing a Request for Expressions of Interest to help design the initiative. Developed in partnership with the…
Agriculture is also central to Ukraine's irreversible path towards membership of the European Union. European agriculture will be stronger with Ukraine than without it. At the same time, our first responsibility is to Ukraine and to the Ukrainian people.
Vasilis Katsipis, general manager, MENA, South and Central Asia, AM Best, will join a panel discussion, titled,“ Absorbing the Shock: Reinsurance, Nat Cat Risk and Market Resilience,” during which he will offer AM Best’ s views on the role of credit ratings in measuring insurer resilience. Katsipis has been with AM Best for more than 20 years and led establishment of the…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group. Everlake Life is ultimately owned by Everlake Holdings, LP, and Blackstone Inc. is the ultimate parent company of the general partner of the vehicle…
U.S. insurers paid an estimated $1.65 billion in lightning-related homeowners insurance claims in 2025, a 59% increase from the $1.04 billion paid in 2024, according to the latest figures from the Insurance Information Institute. Florida, California and Texas led the nation in the number of lightning-related homeowners insurance claims.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Juniata Mutual Insurance Company. The Credit Ratings reflect JMIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Kuwait Insurance Company S.A.K.P.. The outlook of these Credit Ratings is stable. The ratings reflect KIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate…
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb+” of Veterinary Professional Insurance Society Incorporated. The outlook of the FSR is stable. The Credit Ratings reflect VPIS’ balance sheet strength, which AM Best assesses as adequate, as…
AM Best will speak at the 14 th annual International Takaful Summit, which will take place from 30 June 2026 to 2 July 2026 in London. In his role at AM Best, Mistry is responsible for managing a team of analysts that cover insurers and reinsurers operating worldwide, with a particular focus on the United Kingdom and London market, Africa, Middle East, Eastern Europe…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Convex Re Limited, Convex Insurance UK Limited, Convex Europe S.A. and Convex Guernsey Limited. All four entities are wholly owned subsidiaries of Convex Group Limited, the non-operating holding company of the group. The group’ s balance sheet strength is…
PEMBROKE, Bermuda—- Arch Capital Group Ltd., a leading provider of insurance, reinsurance and mortgage insurance globally, today announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. He has served as President and Chief Underwriting Officer of Arch Reinsurance Group since…
Mozart was incorporated in Bermuda on July 12, 2019, and registered as a Class 3 A insurer on Sept. 26, 2019. Mozart is owned by Newport International Limited, also incorporated and registered in Bermuda. Mozart assumes risks from Compañía Mundial De Seguros S.A., an insurance company based in Colombia, through retrocession agreements with Mundial’ s global…
