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AM Best Affirms Credit Ratings of The Hanover Insurance Group, Inc. and Its Subsidiaries

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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty subsidiaries of The Hanover Insurance Group, Inc., which are collectively referred to as The Hanover. Additionally, AM Best has affirmed the Long-Term ICR of“ bbb+” and all Long-Term Issue Credit Ratings of The Hanover Insurance Group,…

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AM Best has affirmed the Financial Strength Rating of A- and Long-Term Issuer Credit Ratings of“ a-” of Everspan Indemnity Insurance Company and its affiliates, collectively referred to as Everspan Group. The outlook of these Credit Ratings is stable. The ratings reflect Everspan Group’ s balance sheet strength, which AM Best assesses as very strong, as well as its…

The following information was released by the Environmental Defense Fund:. California's homeowner's insurance market has come under significant strain as growing wildfire risk drives more frequent and costly insurance claims. The impacts of rising wildfire risk have led insurers to raise premiums, limit coverage, and withdraw from high-risk areas,…

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement.

For the third year in a row, global reinsurers generated returns well above the cost of capital due to positive underwriting results driven by repricing and derisking of reinsurance portfolios, according to a new AM Best report. The Best’ s Market Segment Report,“ Reinsurers’ Returns Exceed Cost of Capital Despite Softening Market,” is part of AM Best’ s look at the…

Shares of Enact Holdings, Inc. (NASDAQ: ACT) traded at a new 52-week high today and are currently trading at $48.88. So far today, approximately 70,182 shares have been exchanged, as compared to an average 30-day volume of 414.46k shares. Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company […]

Within the next decade, older adults are expected to outnumber children in the United States for the first time in history. “Most long-term care insurance products are designed to help people prepare for a future care event,” said Samir Shah, CEO of CareScout.“ What makes this offering different is that policyholders can begin accessing care planning, navigation…

The global reinsurance segment is at a critical inflection point as reinsurers’ strong earnings since 2023 have driven robust capital generation. The Best’ s Market Segment Report,“ Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation of Record Capital? ”starts off AM Best’ s look at the global reinsurance industry ahead of the…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Scotia Insurance Limited. The company reported approximately CAD 270.8 million of equity at fiscal year-end 2025, a decrease from approximately CAD 294.5 million for fiscal year-end 2024. SIC reported profit of approximately CAD 361.2 million, compared…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Scotia Reinsurance Limited. The company reported approximately USD 108.4 million of equity at fiscal year-end 2025, an increase from approximately USD 73.0 million for fiscal year-end 2024. In 2025, Scotia Re resumed dividends to its parent company, BNS…

PEMBROKE, Bermuda—- Hamilton Insurance Group, Ltd. today announced financial results for the second quarter ended June 30, 2026. Commenting on the results, Pina Albo, CEO of Hamilton, said:. The Board of Directors of Hamilton are delighted to announce an amendment to the employment agreement of its Chief Executive Officer, Pina Albo, extending her employment term…

American International Group, Inc. today reported financial results for the second quarter ended June 30, 2026. “Adjusted after-tax income per diluted share was $2.00, increasing 10% year-over-year, and Core Operating ROE was 11.1%. We produced another solid quarter of underwriting profitability, with General Insurance underwriting income of $686…

Octave Specialty Group, Inc., a global specialty insurance firm, today reported its results for the Second Quarter 2026.. Claude LeBlanc, President and Chief Executive Officer of Octave, said "Our core Insurance Distribution business delivered another quarter of strong performance led by revenue growth of 77% and organic revenue growth of 44%.

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…

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…