AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Platinum Transport Insurance Risk Retention Group, Inc.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Platinum’ s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business…
Reinsurance
AM Best has upgraded the Long-Term Issuer Credit Rating to“ bbb+” from“ bbb” and affirmed the Financial Strength Rating of B++ of Nazareth Mutual Insurance Company. The outlook of the Long-Term ICR has been revised to stable from positive while the FSR is stable. The limited business profile reflects the company’ s property predominant risk exposure and geographic…
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Gulf Insurance Group– Jordan. The ratings also factor in enhancement from GIG Jordan’ s parent company, Gulf Insurance Group K.S.C.P., reflecting the strategic importance of GIG Jordan to the group. During the second quarter of 2023, the company…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Alliance Insurance. The outlooks of these Credit Ratings are stable. Both segments have been under intense pricing pressure due to the competitive environment in the UAE.
PEMBROKE, Bermuda—- Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, Ltd., today announced its entry into US Property Insurance at Hamilton Americas, its US managing agency, with Lissie Van Leunen appointed as Head of US Property, reporting to Pepe Marquez, President, Hamilton Americas. Lissie Van Leunen, Head of US Property…
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE CONSECO LIFE INSURANCE COMPANY OF TEXAS. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE CONSECO LIFE INSURANCE COMPANY OF TEXAS. LIABILITIES, SURPLUS AND OTHER FUNDS.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Nacional de Reaseguros, S.A.. The company’ s balance sheet strength assessment also reflects its prudent reserving approach, well-diversified investment portfolio and comprehensive retrocession protection covering its domestic and international…
AM Best has revised the outlook to positive 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 ICM Assurance Ltd. ICMA is a single-parent captive insurer, wholly owned by CNOOC International Limited, which is in turn wholly owned by CNOOC Limited, the ultimate parent.
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today that Ruby Reinsurance Company, a Missouri- domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital. Combined with the initial investments from Golub Capital, Hudson…
Aegis Executive Risks, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today the launch of their Management Liability insurance program. "We are thrilled to expand K2’ s and Aegis General Insurance Agency’s presence in the specialty lines space,” said Jeff Hirsch, President of Aegis Executive Risks.“ This launch would not be…
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY.
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK.
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY.
Appoints Nina Corbo to Lead U.S. Primary Casualty; Debbie Weiser to Lead U.S. Excess Casualty. WARREN, New Jersey- November 12, 2024- Everest Insurance ®, the insurance division of Everest Group, Ltd., today announced two key leadership appointments to the Company's U.S. Casualty business, reporting to Bill Hazelton, Executive Vice President of Everest Insurance…
Ambac Financial Group, Inc., a financial services holding company, today reported its results for the quarter ended September 30, 2024. Net loss of$ million or$ per diluted share and Adjusted net loss of$ million or$ per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium…
THE COMPANY OVERVIEW OF PERFORMANCE INVESTMENTS ANALYSIS OF FINANCIAL RESULTS ANALYSIS OF FINANCIAL POSITION OUTLOOK LIQUIDITY AND CAPITAL RESOURCES RELATED PARTY TRANSACTIONS MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS MATERIAL ACCOUNTING POLICIES AND RECENTLY ADOPTED AND PENDING ACCOUNTING PRONOUNCEMENTS QUARTERLY FINANCIAL…
PEMBROKE, Bermuda—- Somerset Reinsurance Ltd., a leading provider of reinsurance solutions to the life insurance and annuity market, is delighted to announce the appointment of Riley LaTour as Chief Risk Officer with immediate effect. He majored in Actuarial Science at the University of Wisconsin– Eau Claire, graduating with a Bachelor of Science with Honors.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Peace Hills General Insurance Company. The company’ s loss experience has remained favorable compared with industry averages in its core product lines of automobile, personal property and commercial property insurance in Alberta and British…
Emerald Bay Risk Solutions, a collaborative underwriting carrier, today announced a strategic partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The program will provide…
