Reinsurance

The Mineola Union Free School District Board of Education heard an update on the ongoing facility projects throughout the district at its Thursday, Oct. 22 meeting. In July of this year, Mineola entered a takeover agreement with Everest Reinsurance Company to complete the remaining work, which will be done by Beacon Merchants Construction at the same cost…

The recent civil unrest witnessed across France has highlighted the need for Strikes, Riots and Civil Commotion coverage to close the insurance gap from these kinds of events, according to a new AM Best commentary. Dr Mathilde Jakobsen, senior director, acting head of analytics, AM Best, and one of the commentary’ s authors, said:“ It is expected that most claims may…

Members of AM Best’ s analytic team will deliver outlook presentations on China’ s non-life insurance segment and the global and Asian reinsurance markets at the 2026 Shanghai International Reinsurance Conference, which will take place 27-30 October 2026 in Shanghai, China. The presentation will be followed by one on the global and Asia reinsurance segments,…

Selective Insurance Group, Inc. reported financial results for the third quarter ended September 30, 2026, with net income per diluted common share of $2.11 and non-GAAP operating income 1 per diluted common share of $2.37. These results reflect our disciplined underwriting approach and continued progress to improve profitability,” said John J. Marchioni,…

Universal Insurance Holdings reported third quarter 2026 results. "Subsequent to quarter end, Hurricane Isaias made landfall near Destin in the western Florida Panhandle as a Category 2 hurricane before quickly weakening as it moved inland. Net income available to common stockholders was $52.5 million, compared to net income of $39.8 million in the prior…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Maxseguros EPM Ltd.. Maxseguros, established in Bermuda in 2008, is a single-parent captive insurer wholly owned by EPM, which is owned by the Colombia municipality of Medellín. EPM is the largest power generation and multi-utility company in Colombia.

AM Best has affirmed the the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Zavarovalnica Triglav d.d., the operating holding company of the Triglav group, and Pozavarovalnica Triglav Re, d.d., a wholly owned subsidiary of Triglav. The outlook of these Credit Ratings is stable. The ratings of Triglav reflect the company’ s balance…

Oxbridge Health, Inc. today announced that it has closed a $45 million Series B financing led by Eir Partners, with participation from Optum Ventures and a group of experienced healthcare leaders. The round brings total investment in the company to $90 million, including capital from its founders and early investors, and marks the start of full commercial…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Pozavarovalnica Sava d.d., the operating holding company of the Sava Insurance Group. The outlook of these Credit Ratings is stable. The ratings reflect Sava Re’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Gulf Insurance Group B.S.C. (c). The outlook of these Credit Ratings is stable. Nonetheless, it is exposed to elevated financial system risk stemming from its operations in Bahrain and Oman.

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Compañía Reaseguradora del Ecuador S.A.. Ecua Re was established in 1977 and is the only domestic reinsurer operating in Ecuador. The company benefits from recent regulatory changes in Ecuador allowing primary insurers to cede personal lines business,…

AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” to Aseguradora Suiza Salvadoreña, S.A. and Asesuisa Vida, S.A., Seguros de Personas. The ratings of Asesuisa and Asesuisa Vida also reflect their affiliation, since 2023, to Grupo Financiero Ficohsa, S.A., a conglomerate with operations in banking, insurance, pensions,…

Ategrity Specialty Insurance Company Holdings today announced financial results for the quarter ended September 30, 2026. The Company reported net income attributable to stockholders of $14.6 million, or $0.29 per diluted share, compared to $22.7 million, or $0.45 per diluted share, in the prior-year period. Gross written premiums increased 14.7% to…

The Minnesota Star Tribune is exploring the top issues in the governor’ s race with a series of articles this week that look at where the candidates stand. Minnesota House Speaker Lisa Demuth, the GOP nominee for governor, has not released a health care plan, but her campaign has pointed to her support for the state’ s reinsurance program, which reimburses health…

The Best’ s Market Segment Report, titled,“ US Farm Bureau Insurers Reverse Direction: P/C Profitable; L/A Premiums Up Slightly,” notes that momentum following the strong 2025 results has continued into the first half of 2026, as property/casualty farm bureaus recorded nearly $1 billion in underwriting gains in the first six months of 2026, on pace with the $2.9…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of European Liability Insurance for the Nuclear Industry. The outlook of these Credit Ratings is stable. The ratings reflect ELINI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business…

The balance sheet strength assessment also considers Kenya Re’ s exposure to elevated levels of economic, political and financial system risks, which are associated with its core markets, as well as its concentration to Kenya, where 90% of its invested assets are located. Kenya Re has a track record of adequate operating performance, evidenced by…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of the European Mutual Association for Nuclear Insurance. The outlook of these Credit Ratings is stable. The ratings reflect Emani’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business…

More than 20 states have enacted laws regulating third-party litigation funding disclosure, according to a new members-only Issues Brief from the Insurance Information Institute. State of the Issue: Third-Party Litigation Funding examines why lawmakers are acting and how litigation finance negatively impacts insurance costs. “Litigation funding has…