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AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Top Layer Reinsurance Ltd.. These ratings continue to reflect the substantial amount of support Top Layer receives from its co-owners, State Farm Mutual Automobile Insurance Company, currently with an FSR of A++ and a Long-Term ICR of“ aa+”, and Renaissance…

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Golden Bear Insurance Company. The Credit Ratings reflect GBIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of The Dai-ichi Life Insurance Company, Limited, the wholly owned operating subsidiary of Dai-ichi Life Holdings, Inc.. The outlook of these Credit Ratings is stable. The group’ s total reported capital declined by 10% year-over-year to JPY 3.5 trillion as of 31…

Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today its role as a Title Sponsor of ITC Vegas 2025, the world’ s largest gathering of insurance innovators. Taking place October 14-16, 2025 at Mandalay Bay, Las Vegas, Majesco will bring its bold new theme, Dare to Imagine, to the forefront, challenging the…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Sura Re Ltd.. Sura Re is a captive reinsurer based in Bermuda fully owned by Suramericana S.A., an insurance group that is 81.1% owned by Grupo de Inversiones Suramericana S.A.. Sura Re was established in Bermuda as a Class 3 A insurer in December 2015, and in April…

AM Best has upgraded the Long-Term Issuer Credit Rating to“ a+” from“ a” and affirmed the Financial Strength Rating of A of Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A.. The outlook of these Credit Ratings is stable. Solunion is the operating holding company of the Solunion group of companies, a 50- 50 joint venture between the MAPFRE group…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Grupo Mexicano de Seguros, S.A. de C.V.. GMX is a subsidiary of GMS Valore, S.A. de C.V., which provides GMX with synergies and operating efficiencies as a member of this group. The company initiated operations in Mexico…

CyberCube, a leading cyber risk modeling and analytics business, today announced an investment of more than $180 MM by Spectrum Equity, subject to customary regulatory approvals. With this investment, Spectrum Equity will join existing investors ForgePoint Capital, Hudson Structured Capital Management Ltd, and MTech Capital, as a cornerstone…

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…

Kuvare Holdings is pleased to announce the official opening of a Japan Representative Office for its reinsurance affiliate, Kuvare Life Re Ltd., marking a significant milestone in KLR’ s strategic expansion into the Japanese and Asian markets. This formalized presence in Tokyo underscores Kuvare’ s commitment to deepening relationships and fostering…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Rembrandt Insurance Company, Ltd., a captive insurer of Vitol Holding B.V., a group engaged in the trading of energy-related products. The outlook of these Credit Ratings is stable. The ratings reflect Rembrandt’ s balance sheet strength, which AM Best assesses as…

AM Best will host a market briefing on the state of the U.S. property/casualty and global reinsurance industries in conjunction with the American Property Casualty Insurers Association’ s Annual Meeting, on Monday, Oct. 6, 2025, at 2 p.m. EDT at the JW Marriott Orlando, Grande Lakes in Orlando, FL.. At the market briefing, AM Best Senior Directors and Jacqalene Lentz…

FGH Parent, L.P.,, a leading global reinsurance company, today announced that Fortitude Life Insurance& Annuity Company has entered the market for funding agreement backed notes, with its inaugural offering to institutional investors scheduled to settle Oct. 6, 2025. The Issuer has priced a private offering of $500 million aggregate principal amount of 4.625%…

Ambac Financial Group, Inc., an insurance holding company, today announced it has entered into a definitive agreement to acquire ArmadaCare, a leading supplemental health insurance program manager, from SiriusPoint Ltd. for $250 million. “The addition of ArmadaCare materially accelerates the growth and scale of our distribution platform, strengthens…

Pacific Life announced today that it has added a new flexible premium universal life insurance product to its lineup. Pacific Venture UL 2 1 provides a robust set of choices and replaces the Versa-Flex Venture UL 2 product. “Pacific Venture UL 2 can be thought of as the Swiss Army™ knife of ULs— it’ s versatile and can support a wide range of customer needs,” says Sim Zady,…

AM Best will be represented by William Mills, senior director, market development, EMEA and Stanislav Stoev, senior financial analyst. Delegates interested in meeting with AM Best to understand more about its rating and assessment services, as well as its research and insurance insights, can schedule a meeting by contacting Charlotte Shoesmith at…