Reinsurance

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Nacional de Seguros S.A. Compañía de Seguros Generales. Nacional de Seguros began operations in 2014 after acquiring Ecoseguros S.A., a company in voluntary liquidation, with fulfillment and liability insurance licenses granted by the…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Dubai Insurance Company. The outlook of these Credit Ratings is stable. The assessment also considers the material share of equity holdings in DIN’ s investment portfolio, and its exposure to fair value fluctuations, with risks heightened by the ongoing…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Compagnie française d’ assurance pour le commerce extérieur, Coface North America Insurance Company and Coface Re SA, which are subsidiaries of Coface SA, the non-operating holding company of the Coface group. The outlook of these Credit Ratings is stable.

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Union Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Union’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate…

Florida- domiciled personal property specialist companies recorded nearly $1 billion in underwriting gains, following a $132 million underwriting loss just two years ago, highlighting market stabilization and increasingly manageable market conditions, according to a new AM Best report. “The improved Florida property insurance landscape reflects…

Prismic is sponsored by Prudential Financial, Inc. and Warburg Pincus, global leaders in insurance and investment management. Prismic is a Bermuda-exempted limited partnership and the holding company of Prismic Life Reinsurance, Ltd. and Prismic Life Reinsurance International, Ltd., each a licensed Class E Bermuda-based life and annuity reinsurance…

Porch Group, Inc., a new kind of homeowners insurance company, today announced that Homeowners of America has launched in Michigan, marking the 22nd state in which HOA operates. “We’ re pleased to bring HOA’ s homeowners insurance offering to Michigan and expand our ability to serve independent agents and policyholders in another important market,” said Matt…

Energetic Capital, a leading provider of credit insurance solutions for clean energy and infrastructure, today announced it successfully renewed its arrangement with SCOR, adding some new capabilities and increasing the single obligor maximum limit. To date, Energetic Capital has enabled over $1.5 billion in transactions across 1,500 projects and 48…

Global reinsurer MS Reinsurance announced today that it produced a net profit of $415 million after tax for the year ended 2025, compared to $346 million for the year ended 2024.. “2025 was an excellent year for the company as we delivered a significantly increased net profit of $415 million, based on excellent underwriting and investment performance.

AM Best will participate in a panel discussion at the Casualty Actuarial Society’ s Seminar on Reinsurance, which will take place May 31- June 2, 2026, in Philadelphia, PA.. Greg Dickerson, director, AM Best, will join a session on Tuesday, June 2, titled,“ Rating Agency Update,” which will provide an update on the U.S. property/casualty and global reinsurance segments.

Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc.. The transaction builds on Everest’ s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of…

Hadron, a modern specialty insurance carrier setting a higher standard in delegated underwriting authority, today announced the appointments of Liesel Carvajal as Group General Counsel and Ed McGough as Chief Information Officer. "The delegated authority market is at an inflection point,” said Sam Reeder, Chief Executive Officer of Hadron.“ The carriers that…

2026 MAY 18– 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 RE” by Julia K. Sutherland Seyfarth Shaw LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on May 01, 2026.

PEMBROKE, Bermuda—- Hamilton Insurance Group, Ltd. today announced the appointment of Christopher R. Stella as Chief Claims Officer of Hamilton Select, its primary carrier for domestically placed US excess and surplus business, effective May 18, 2026. In his new role, Stella will report to Anita Kuchma, Chief Executive Officer of Hamilton Select and will be based…

As of October, Idaho homeowners have seen a 17% rise in premiums in 2024, according to Insurify's analysis of home insurance data. Though Idaho homeowners still pay less than the national average for home insurance, the state's growing wildfire risk is driving up premiums. Idaho home insurance rates have increased by 17% in 2024— significantly more than the 3%…

The insurance crisis is spreading as climate-related damage wreaks havoc across the U.S., driving up premiums in states that once had low-cost, widely available insurance. Billion-dollar events have factored into Texas home insurance premiums, which are the fifth-highest in the country.In 2023, a record-breaking 28 weather events caused more than $1…

AM Best will deliver its latest perspectives, examining trends in the global insurance industry, together with an outline of Italy’ s insurance market segment outlooks, in a market briefing scheduled for 17 June 2026, in Milan, Italy. The market briefing this year is scheduled to take place from 9:30 a.m. to 2:00 p.m. at The Westin Palace Milan, and will feature…

As natural catastrophes and severe weather events continue to expose more homeowners to property damage and recovery challenges, the Insurance Information Institute and the National Insurance Crime Bureau are urging consumers to remain vigilant against contractor fraud during Contractor Fraud Awareness Week, May 18-22, 2026.. “After a disaster,…

Pacific Life Insurance Company announced that it has launched Pacific Admiral VUL 2 1, a new flagship variable universal life insurance product. “Pacific Admiral VUL 2 represents the next generation of our VUL offerings, building on the strengths of our prior products,” said Sim Zady, vice president of life product development, Consumer Markets, Pacific Life.“…