IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction& engineering, ports& terminals, marine cargo, marine trades, contingency, political violence, financial institutions,…
Reinsurance
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of The Wawanesa Mutual Insurance Company. At the same time, AM Best has affirmed the FSR of A and the Long-Term ICR of“ a” of Wawanesa Life Insurance Company. Both companies are domiciled in Winnipeg, Manitoba, Canada.
Australia’ s non-life insurance industry has been resilient against an increasingly complex and interconnected risk landscape, with total insurance revenue for the non-life market reaching approximately AUD 77.7 billion for the fiscal year ended 30 June 2025. According to the Best’ s Market Segment Report,“ Australia’ s Non-Life Insurance Segment:…
The risk management event takes place May 3– 6, 2026, at the Philadelphia Convention Center in Philadelphia, PA.. On Monday, May 4, from 2:50 -3: 20 p.m. EDT, Dan Hofmeister, associate director, AM Best, will give a presentation titled,“ Hard Market Reset: The Reinsurance Landscape Ahead.” The session will explore the unfolding dynamics of the global reinsurance market.
Florida Supreme Court elects Couriel as Chief Justice. News Service of Florida Justice John Couriel will be Florida’ s next chief justice, after he was unanimously elected to the post Thursday by his fellow justices on the Florida Supreme Court. The chief justice is the administrative leader of not just the Florida Supreme Court but the entire state court…
W. R. Berkley Corporation today announced the appointment of Christopher T. Reichardt as president of Berkley Oil& Gas. Mr. Reichardt has over 20 years of experience in the oil and gas insurance industry, more than 15 years of which was spent at Berkley Oil& Gas. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley…
El Potosí is a Mexico- based insurer underwriting property/casualty, life, and accident and sickness insurance. The company is majority-owned subsidiary of Seguros Atlas, S.A. and operates in a competitive market, with a market share of less than 1% based on gross written premiums in 2025.. In 2025, earnings declined by 9% year-over-year, primarily driven by…
The revision of the Long-Term ICR outlook to positive reflects AM Best’ s expectation that Halyk Insurance will continue to develop its ERM capabilities to a level aligned with the company’s evolving risk profile. Halyk Insurance is also expected to further enhance its risk management framework and demonstrate that it is integrated in the company’s…
The Travelers Companies, Inc. today reported net income of $1.711 billion, or $7.78 per diluted share, for the quarter ended March 31, 2026, compared to $395 million, or $1.70 per diluted share, in the prior year quarter. Core income in the current quarter was $1.696 billion, or $7.71 per diluted share, compared to $443 million, or $1.91 per diluted share, in the prior…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of ReliaStar Life Insurance Company of New York and ReliaStar Life Insurance Company, collectively known as ReliaStar Life Insurance Group. The outlook of these Credit Ratings is stable. The ratings reflect ReliaStar’ s balance sheet strength, which AM Best…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of“ bbb+” of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Pinnacle Life Limited. The outlook of these Credit Ratings is stable. The ratings also factor in a neutral impact from the company’ s ultimate parent, Greenstone Holdco Pty Limited.
New Mountain Capital, LLC, a leading growth-oriented alternative investment firm headquartered in New York, today announced the launch of VictoryRe, a new reinsurance platform, marking the firm’ s entry into the reinsurance carrier market with a long-term vision to build a diversified, multi-line reinsurance platform. In connection with this launch,…
The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third straight year such losses have exceeded $50 billion, more than any other category of…
Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, today announced Tokio Marine HCC– Specialty Group has selected its cloud-native SaaS P&C platform to refine core operations across its global specialty insurance portfolio. Origami Risk was selected by TMHCC– Specialty Group following an extensive…
Safety National Casualty Corporation announced today that Mark Wilhelm, Chairman of the Board of Safety National and International Broker Relationships Leader for the Tokio Marine Group, was selected to serve on The Council of Insurance Company Executives Committee. Mark Wilhelm, Chairman of the Board of Safety National and International Broker…
The following information was released by the Insurance Information Institute:. The Insurance Information Institute has published a new members-only Issues Brief, Severe Convective Storms: State of the Risk, finding that tornadoes, hail, straight-line winds and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third…
TEANECK, N.J.& HAMILTON, Bermuda—- Agam Capital, a global leader in insurance-related asset and liability analytics, is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company as a Bermuda- domiciled Class E life and annuity reinsurer. Agam’ s Co-Founders, Chak Raghunathan and…
AM Best will deliver a pair of presentations as part of a half-day seminar with members of the Shanghai International Reinsurance Exchange, scheduled to take place on 22 April 2026, in Shanghai, China. Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations, and Judy Li, market development analyst, will lead the presentations.
