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AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Bank of China Group Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect BOCG Insurance’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile…

Universal Insurance Holdings reported third quarter 2025 results. Net income available to common stockholders was $39.8 million, compared to a net loss of $16.2 million in the prior year quarter, and adjusted net income available to common stockholders was $39.1 million, compared to a net loss of $20.8 million in the prior year quarter. Revenue was $401.0…

Kinsale Capital Group, Inc. announced today that Brian D. Haney, President and Chief Operating Officer, has been elected to the Company’ s Board of Directors, effective October 23, 2025. In addition, Mr. Haney has informed the Company of his plans to retire on March 2, 2026. Upon retirement, Mr. Haney will commence a consulting engagement with the Company as a Senior…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…

An offsetting rating factor is EARe’ s exposure to the very high levels of political risk and the high levels of economic and financial system risks in Kenya, where the company is domiciled and over 80% of its invested assets are located. EARe has a track record of adequate operating performance, with return-on-equity ratios moderately exceeding inflation…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Gulf Insurance Group B.S.C. (c). The ratings also factor in lift from GIG Gulf’ s parent company, Gulf Insurance Group K.S.C.P., due to the strategic importance of GIG Gulf to the group. In 2024, GIG Gulf reported a post-tax profit of BHD 17.0 million, translating to a…

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,…

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…