Reinsurance

American Integrity Insurance Group, Inc., a leading Southeast regional property insurer with a long-standing record of disciplined underwriting and financial resilience, today announced its expansion into North Carolina. American Integrity now offers its homeowners insurance product to North Carolina residents, representing a strategic extension…

Remington Bixby Hotchkis thinks fighting wildfires with water in California may be so yesterday. The ranching family scion with roots stretching back to the 19th century San Joaquin Ranch in Orange County to the early days of oil drilling in Long Beach and a spread in the Santa Ynez Valley, is leading an innovative effort in California to commercialize a new…

Venerable Holdings, Inc. is pleased to announce the completion of the acquisition of SunAmerica Asset Management, LLC and the close of the reinsurance transaction involving The United States Life Insurance Company in the City of New York, the final two components of the landmark agreement with Corebridge Financial, Inc. announced in June 2025.

W. R. Berkley Corporation today announced the appointment of Erin Rotz as president of Berkley Fire& Marine. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said: "We are pleased to welcome Erin to Berkley Fire& Marine. Berkley Fire& Marine offers best-in-class insurance products and services for…

Shares of Chubb Limited (NYSE: CB) traded at a new 52-week high today and are currently trading at $314.1. So far today, approximately 196.36k shares have been exchanged, as compared to an average 30-day volume of 1.62M shares. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers […]

Overall, median annual home insurance costs paid by property owners in the North Bay and the two counties to the north significantly exceeded the statewide rates and have grown at a quicker pace. The median cost in Marin County in 2024 was highest in the North Bay at $2,658 but the 10- year rise was significantly less- 27%. The median annual premium for California…

Now that state-owned Citizens Property and Casualty Insurance Corp. is seeking to reduce premiums in South Florida and other parts of the state, customers of private market insurers are likely wondering if their policies will get cheaper as well next year. Others are likely to follow, driven by the same market factors behind the Citizens reductions: fewer…

KBRA assigns an insurance financial strength rating of A to Soteria Reinsurance Ltd. Soteria reported year-end 2024 GAAP equity of $84.8 million and a BSCR coverage ratio of 319%, well above regulatory requirements and internal targets. The company’ s role within Fidelity’ s customer-centric model, including its reinsurance of predictable single premium…

Consumer advocates and Democrats warned at the time that the state could expect mass cancellations of policies, exacerbating a crisis that has already hammered Louisiana homeowners. Insurance executives and Republicans, meanwhile, argued the change was needed to bring Louisiana more in line with other states and to invite competition into the market.

Sonoma County’ s median rate for home insurance premiums shot up more over the past decade than in any other part of the nine-county Bay Area, while Lake and Mendocino counties, where wildfires have exacted a wider if not deeper toll, have seen rates climb even faster and higher. The median cost in Marin County in 2024 was highest in the North Bay at $2,658 but the 10-…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb+” of Min Xin Insurance Company Limited. MXHL is majority owned by its ultimate parent, Fujian Investment& Development Group Co., Ltd., a Chinese state-owned enterprise and the investment platform of the Fujian…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Pacífico Compañía de Seguros y Reaseguros S.A.. PCS is Perú’ s second largest insurer with a market share of 22%, as of October 2025. The company’ s ultimate parent is Perú’ s largest financial holding company, Credicorp Ltd., which had more than USD 75 billion in…

The ratings also reflect the support received from its sister company, Reaseguradora Patria, S.A., the lead company of the Peña Verde group and a well-known reinsurer in Latin America. As of June 2025, Peña Verde had equity of USD 864 million and premiums of USD 601 million. Patria US is considered a new company formation as it began operations in February of 2023,…

AM Best has upgraded the Long-Term Issuer Credit Rating to“ bbb+” from“ bbb” and affirmed the Financial Strength Rating of B++ of Irwell Insurance Company Limited. A partially offsetting factor is the company’ s relatively small capital base of GBP 38 million at fiscal year-end 2025, which exposes its risk-adjusted capitalisation to potential volatility.

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Independence American Insurance Company. The ratings have been removed from under review with developing implications following IAIC’ s renegotiation and re-implementation of its pet…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Bahamas First General Insurance Company Limited and Cayman First Insurance Company Limited, the property/casualty operating subsidiaries of Bahamas First Holdings Limited. The outlook of these Credit Ratings is stable. Like most Caribbean insurance…

As rising premiums and tightening coverage options continue to strain household budgets, millions of U.S. homeowners are grappling with the growing challenge of affording and maintaining adequate insurance protection. The U.S. homeowners segment is projected to post double-digit net written premium growth in 2025, with a return to overall…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Hagerty Reinsurance Limited and its reinsured affiliate, Drivers Edge Insurance Company. Hagerty Re and Drivers Edge are both wholly owned subsidiaries of Hagerty Insurance Holdings Inc..

The following information was released by the Insurance Information Institute:. As rising premiums and tightening coverage options continue to strain household budgets, millions of U.S. homeowners are grappling with the growing challenge of affording and maintaining adequate insurance protection. The Insurance Information Institute's latest Issues…