AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of the property/casualty and life/health members of Horace Mann Educators Corporation. The group entered into two separate agreements with Medical Mutual of Ohio to acquire Employee Services, LLC and Reserve National Insurance Company, and to reinsure…
Reinsurance
Florida homeowners aren’ t buying it. Most homeowners– Democrats and Republicans alike– say the state’ s vaunted 2022-23 property insurance overhaul has primarily benefited the insurance industry, not the consumers who were promised relief. Those are the key findings of a landmark survey of 1,511 Florida property insurance policyholders by the South Florida…
Ten days ago, the Florida Senate demanded that the Orlando Sentinel and South Florida Sun Sentinel destroy a long-hidden state report detailing property insurers’ payments of millions to sibling companies whose profits remained secret. The existence of the 2022“ Affiliated Fee Analysis” of insurer profits and losses, performed for the state Office of…
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of BIDV Insurance Joint Stock Corporation. The outlook of these Credit Ratings is stable. The ratings reflect BIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating…
Wilton Public School 08/12/2026 5:15PM Board Workshop. In attendance: School Board Members Kerri Benning, Kylee Schuh, Jessica Oswald, and Jesse Biesterfeld, Superintendent Andrew Jordan, and Business Manager Jenna Kirchmeier. Absent: Board Member Troy Speten 1.
These companies are collectively referred to as Assurant P&C Group. At the same time, AM Best has affirmed the Long-Term ICR of“ a-”, all associated Long-Term Issue Credit Ratings, indicative Long-Term IRs and the Short-Term IR of Assurant. Concurrently, AM Best has affirmed the FSR of A and the Long-Term ICRs of“ a” of Assurant’ s credit and life/health subsidiaries:…
The company is jointly owned by Samsung Fire& Marine Insurance Co. Ltd., Shenzhen Tencent Domain Computer Network Company Limited, and four minority shareholders. The company also benefits from the distribution capabilities and extensive market outreach of Tencent Domain’ s affiliated online platforms and overall management oversight.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Gulf Insurance Group K.S.C.P. and Gulf Insurance and Reinsurance Company K.S.C.. The ratings also factor in the lift from GIG’ s ultimate parent company, Fairfax Financial Holding Limited, due to the strategic importance of GIG to Fairfax.
KKR, a leading global investment firm, today announced the launch of Akrapoint Commercial Capital, a mid-ticket equipment finance company established by a team of experienced industry professionals and KKR. Akrapoint is led by Chief Executive Officer Nate Smith, an experienced and entrepreneurial executive who most recently spent nearly a decade at Trans…
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of the following operating subsidiaries of Enact Holdings, Inc.: Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina. Both operating companies are domiciled in Raleigh, N.C. In addition, AM Best has…
AM Best has assigned a Financial Strength Rating of A++ and a Long-Term Issuer Credit Rating of“ aa+” to Lasso Healthcare Insurance Company. The outlook assigned to these Credit Ratings is stable. The assessment also considers the financial support provided by its parent, HCC Life Insurance Company.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Allianz Ayudhya General Insurance Public Company Limited. The outlook of these Credit Ratings is stable. Concurrently, AM Best has assigned a Thailand National Scale Rating of aaa.TH to AAGI.
2026 SEP 16– 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“ MARSH MCLENNAN” by Julia K. Sutherland SEYFARTH SHAW LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on August…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Eurasia Insurance Company JSC. While Eurasia’ s financial flexibility is considered limited from its parent, Eurasian Financial Company JSC, which has a weaker credit profile, primarily due to its ownership of JSC Eurasian Bank, regulatory…
The elimination of a fiscal credit on value added tax paid to third parties such as hospitals and on other claims-related expenses in Mexico is likely to create greater earnings volatility and pressurize the capitalization of smaller or monoline insurers, according to a new AM Best report. “While the reinsurance market remains in a soft cycle, the potential…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of National Grid Insurance Company Limited, a captive insurer of National Grid plc. The outlook of these Credit Ratings is stable. The ratings reflect NGICL’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating…
AM Best will participate in multiple sessions during The Insurer’ s upcoming European MGA Summit 2026, taking place 29-30 September 2026, in Paris. William Mills, senior director, market development EMEA, and Roisin Gallagher, associate director, market development, EMEA both of AM Best will also be in attendance as delegates and available for meetings.
The U.S. surplus lines market, including aggregated premiums written by Lloyd’ s syndicates and non-Lloyd’ s alien insurers, achieved an eighth consecutive year of double-digit growth, although the 10.4% year-over-year growth reflected continued premium growth moderation that has been evident in the market over the past three years, according to a new AM…
Japan's Foreign Minister Motegi Toshimitsu phoned his Iranian counterpart, Abbas Araghchi, on Sept. 8, 2026, to express concern over the de facto closure of the Strait of Hormuz. While the economic ripples over the Strait of Hormuz crisis has been felt across the world, Japan is one of the countries feeling the pain most acutely. Prior to the U.S. and Israeli strikes…
