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AM Best has upgraded the Long-Term Issuer Credit Rating to“ a+” from“ a” and affirmed the Financial Strength Rating of A of ICM Assurance Ltd. The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. ICMA is a single-parent captive insurer, wholly owned by CNOOC International Limited, which is in turn wholly owned…

Bowhead Specialty Holdings Inc., a specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, today announced financial results for the third quarter ended September 30, 2025.. Gross written premiums increased 17.5% to $231.5 million. Net income of $15.2 million, or $0.45 per…

It will retain its brand and operate as a wholly owned subsidiary of Ambac. “We are thrilled to welcome the ArmadaCare team,” Ambac President and Chief Executive Officer Claude LeBlanc said.“ ArmadaCare strengthens our financial profile, diversifies our distribution platform, and offers complementary capabilities to our existing accident and health…

As part of its participation at the 2025 Singapore International Reinsurance Conference, AM Best has made available for the first time analyses of 16 countries in the Asia-Pacific region, encompassing markets with varying degrees of development and growth potential. Available in one comprehensive volume, featuring exclusive content on seven countries…

Golden Tree is a subsidiary of Iris Financial Services Limited and is owned ultimately by Springbrook Capital Ltd., a private holding company with diversified operations in insurance and financial services. The revised outlook to positive from stable of the Long-Term ICR reflects AM Best’ s expectation that Golden Tree will be able to maintain…

AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of“ a” and the Mexico National Scale Rating of“ aaa.MX” of Reaseguradora Patria, S.A.. Patria Re is Mexico’s only locally registered reinsurer, founded in 1953. The company has a strong niche position in Mexico and in other Latin America markets, which allows it to accept…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Eni Insurance S.p.A., a captive of Eni S.p.A., a multinational energy company based in Italy. The outlook of these Credit Ratings is stable. EIS’ prospective performance is expected to be strong, in line with the historical performance of Eni Insurance Designated…

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A and the Long-Term ICR of“ a+” of Erie and Niagara Insurance Association. Concurrently, AM Best has affirmed the FSR of A- and the Long-Term ICR of“ a-” of Cherry Valley Cooperative Insurance Company. Both companies are…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of R.V.I. Guaranty Co., Ltd., and its subsidiary, R.V.I. America Insurance Company. The outlook of these Credit Ratings is stable. RVI is affiliated with Group 1001 Insurance Holdings, LLC, and benefits from Group 1001’ s expertise in areas such as investment, risk…

The following information was released by the Insurance Information Institute:. A new analysis by the Insurance Information Institute and the Casualty Actuarial Society, finds that legal system abuse and related litigation trends contributed to $231.6 billion to $281.2 billion found in increased liability insurance losses over the past decade, a surge…

The Baldwin Group today released its Q3 2025 Market Pulse, a pricing trend analysis that blends observed rate movement with changes in exposure and client buying behavior to capture real-world premium dynamics across commercial insurance lines. The report shows clear evidence of continued softening across the commercial property market— supported by…

A new analysis by the Insurance Information Institute and the Casualty Actuarial Society, finds that legal system abuse and related litigation trends contributed to $231.6 billion to $281.2 billion found in increased liability insurance losses over the past decade, a surge that far exceeds what can be explained by economic inflation alone.

Abry Partners, a Boston- based private equity firm, today announced that its portfolio company Portfolio Holding, Inc. has reached an agreement to be acquired by Protective Life Insurance Company, the principal subsidiary of Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. The transaction is subject to the receipt of…

SEOUL, South Korea& NEW YORK—- Cybersecurity firm Cyberwrite, backed by Markd VC, has won the prestigious Samsung Financial C-Lab Outside 2025 Global Innovation Competition. Cyberwrite was also honored to win the Popular Vote Award in the Samsung final ceremony in Seoul on Oct 29th, out of 16 finalist companies, recognizing Cyberwrite’s innovative approach to…

Home to nearly 350 employees, the 26,000- square-foot space- with the potential to expand by an additional 17,000 square feet- reinforces Arch Global Services India's commitment to establishing a long-term presence in India. Arch Global Services India is a wholly owned subsidiary of Arch Capital Group Ltd., a global provider of insurance, reinsurance and…

Lincoln Financial today reported financial results for the third quarter ended September 30, 2025. Strong financial performance in the quarter demonstrates broadening of momentum and balanced growth across all business segments. Third quarter net income available to common stockholders was $411 million, or $2.12 per diluted share. Third quarter…

New Location, Combined with Recent Hyderabad Opening, Reinforces Arch’ s Commitment to Becoming a Meaningful Employer in India. TRIVANDRUM, India—- Arch Global Services India today announced the grand opening of its new office in Trivandrum’ s Technopark. This office opening— in addition to the recent opening of a technology-focused office in Hyderabad— is part…