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.
Reinsurance
As Asia’ s insurance markets become more competitive with softer market conditions, AM Best’ s composite of Asia-Pacific reinsurance companies reversed a revenue decline from the previous year, posting a 4.0% increase in net insurance service revenue in 2025, driven primarily by overseas business. “The broader improvement in underwriting profitability…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Jet Insurance Company. Jet’ s predecessor was acquired by Amherst Specialty Insurance Company on Dec. 15, 2025. As part of the transaction, Jet’s management team formed Apex Insurance Company, which was renamed Jet Insurance Company, and completed a loss portfolio…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of OneNexus Oklahoma Captive Corp.. In 2023, OneNexus began providing contractual liability insurance policies for its direct parent, OneNexus, LLC. OneNexus, LLC enters into agreements with energy companies to cover costs associated with decommissioning…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to InEvo Re Ltd.. The company’ s overall balance sheet strength is supported by sufficient capital and capital sources from Macquarie Asset Management and Macquarie Group. InEvo Re is a wholly owned subsidiary of Macquarie Group and is a Class E Bermuda regulated…
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of EFU General Insurance Limited. Increased holdings of listed equities in addition to the excellent performance of the Pakistan Stock Exchange in 2025 led to an increase in the weighting of listed equities on the company’ s balance sheet.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Dhipaya Insurance Public Company Limited. The outlook of these Credit Ratings is stable. The balance sheet strength assessment also factors in a neutral holding company impact arising from its ultimate ownership by Dhipaya Group.
The Best’ s Market Segment Report,“ The European‘ Big Four’ Reinsurers Maintain Their Profit Targets Despite a Volatile Environment”, is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Morgane Hillebrandt, associate director, analytics and one of the report authors, said,“ The European‘ Big Four’ are…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa” of Assured Guaranty Re Overseas Ltd.. The outlook of these Credit Ratings is stable. The company’ s strong liquidity position, conservative investment portfolio and well-positioned financial flexibility due to its affiliation with Assured Guaranty Re Ltd.,…
The Best’ s Special Report,“ Unaffiliated Offshore Reinsurance Deals Drive Asset-Intensive Reinsurance Market in 2025,” is a part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. While Bermuda continues to be the dominant offshore domicile, the Cayman Islands increased their share of the market in 2025,…
The upgrade of the Long-Term ICR reflects rating lift applied to Dunav-Re’ s ratings, which considers the company’ s strategic importance to its parent company, Dunav Insurance. This reflects Dunav-Re’ s track record of supporting the group’ s strategy, providing reinsurance support to Dunav Insurance and its subsidiaries. Dunav-Re is the leading reinsurer in…
W. R. Berkley Corporation today announced the formation of Berkley Meridian, a new specialty insurance business that will combine the strengths of Verus Specialty Insurance and Vela Insurance Services under a shared leadership structure and strategic vision. Ms. Morrison joined Verus Specialty Insurance as president in 2019. Commenting on the…
Foreign currency exchange gains against the U.S. dollar have enabled Munich Re and Lloyd’ s to reach the top echelon in AM Best’ s companion rankings of the world’ s largest reinsurers, which differ based on accounting standards. Munich Re has reclaimed the top position among IFRS 17 reporting reinsurers, driven in part by the Euro’ s strong performance compared to…
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,…
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…
eMaxx today announced the launch of its new Commercial Property Program, powered by the eMaxx Reciprocal Insurance Exchange. The program is designed for commercial property owners who invest in their properties, maintain strong risk management practices, and meet defined standards for protection against hurricanes, wildfires, and other catastrophic…
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…
