AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies. The ratings also consider the operational,…
Reinsurance
Selective Insurance Group, Inc. reported financial results for the third quarter ended September 30, 2025, with net income per diluted common share of $1.85 and non-GAAP operating income 1 per diluted common share of $1.75. Catastrophe losses were 2.1 points, and net unfavorable prior year casualty reserve development was 3.3 points, driven by $40 million of…
Ategrity Specialty Insurance Company Holdings today announced financial results for the quarter ended September 30, 2025. The Company reported net income attributable to stockholders of $22.7 million, or $0.45 per diluted share, compared to $12.9 million, or $0.36 per diluted share, in the prior-year period. Gross written premiums increased 30.1% to…
AllianceBernstein has announced an equity investment in Fortitude Carlyle Asia Reinsurance, Ltd., with the move to allow the Nashville- based investment management firm to expand its insurance presence across Asia. FCA Re, a Class E licensed Bermuda- domiciled reinsurer, will initially assume a share of existing liabilities from Fortitude Re and will also…
Following the Coconino County Board of Supervisors' most recent discussion about wildfire and homeowners insurance on Sept. 30, the Arizona Daily Sun asked readers to share their stories of searching for affordable insurance in an increasingly unaffordable market. Kathy Gimenez is a retired real estate agent who lives with her husband in Westwood Estates,…
Progressive, one of the nation "s top auto insurance companies, plans to return nearly $1 billion to Florida policyholders, Gov. "The dispute would be over, like, $50,000, and then the lawyer ends up getting like $350,000. In late July, Progressive stated in a filing to shareholders that, thanks to the reforms, premiums collected from its policyholders could exceed…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of MMG Insurance Company. AM Best assesses MMG’ s operating performance as adequate based on modest improvement observed through September 2025. Overall, the company’ s loss& loss adjustment expense ratios have…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Marble Reinsurance Corporation. The outlook of these Credit Ratings is stable. For fiscal-year ending 31 March 2025, the company recorded a moderate decrease in premium income mainly from its property and marine businesses.
AM Best will join a panel discussion at the 2025 Shanghai International Reinsurance Conference, which is taking place 21-24 October 2025 in Shanghai, China. Rob Curtis, managing director and chief executive officer of AM Best’ s Singapore operations, will join a global reinsurance advisory panel in a closed-door meeting scheduled for Tuesday, 21 Oct., at 2 p.m. CST.
AM Best’ s Insurance Market Briefing- Singapore International Reinsurance Conference will discuss trends and developments affecting Asia-Pacific insurance markets on Tuesday, 4 November 2025, as part of the 21 st annual SIRC event. The market briefing will take place at 4:00 p.m. in the Heliconia Main Ballroom of the Marina Bay Sands Expo and Convention…
Despite progress on sweeping reforms to its insurance regulations, Argentina remains a volatile environment for insurers due to high inflation, currency depreciation and investment uncertainty, which pressures solvency ratios and complicates capital management, according to a new AM Best commentary. At the same time, consumer protections have advanced,…
Constitution is wholly owned by Steven Menzies, chief executive officer, and participates in a quota share reinsurance transaction of workers’ compensation business from a commonly owned insurer, Continental Indemnity Company, consolidated within the North American Casualty Group. This reinsurance agreement was not renewed in 2025, as Constitution is…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Luen Fung Hang Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect LFH’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
AM Best will speak and exhibit at the European Captive Forum, which will be held 5-6 November 2025 in Luxembourg. Riccardo Ciccozzi, director, market development– Europe, along with Roisin Gallagher, associate director, market development, also will be attending the forum and will be available to conduct bilateral meetings and answer questions about Best’ s…
Everest Group, Ltd., a global underwriting leader providing world-class property, casualty, and specialty reinsurance and insurance solutions, today announced the appointment of Anthony Vidovich as Executive Vice President and General Counsel, effective on or before January 5, 2026. Mr. Vidovich will report to Jim Williamson, Everest’ s President and Chief…
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Compagnie Centrale de Réassurance. The assessment considers CCR’ s significant exposure to the elevated levels of economic, political and financial system risk associated with Algeria, where the company is domiciled, holds over 95% of its invested assets…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Dah Sing Insurance Company Limited. Under its business plan, DSI is expected to maintain healthy growth through new initiatives in the medium term, positioning the company competitively in the Hong Kong…
The Travelers Companies, Inc. today reported net income of $1.888 billion, or $8.24 per diluted share, for the quarter ended September 30, 2025, compared to $1.260 billion, or $5.42 per diluted share, in the prior year quarter. Core income in the current quarter was $1.867 billion, or $8.14 per diluted share, compared to $1.218 billion, or $5.24 per diluted share, in…
The following information was released by the Insurance Information Institute:. The Insurance Information Institute has published a comprehensive Issues Brief addressing common misconceptions about risk-based pricing in property/casualty insurance and warning against government intervention that could harm consumers. "Without risk-based…
