AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Zenith Insurance Company and ZNAT Insurance Company. These companies comprise Zenith National Insurance Group and are domiciled in Woodland Hills, CA.. Zenith continues to be focused on WC in California, and more recently has used this market as an anchor for…
Reinsurance
According to the International Monetary Fund, the country’ s real GDP growth is projected to slow to 2.0% in 2025 from 3.4% in 2024. Inflation is forecast to increase to 5.3% in 2025 from 4.4% in 2024 to 5.3% in 2025.“ High interest rates, fiscal rigor, and global trade headwinds are constraining growth and limiting the government’ s policy flexibility,” said Ann…
The following information was released by the Insurance Information Institute:. The U.S. property/casualty insurance industry is projected to grow faster than the overall economy in 2025 and is on track to achieve underwriting profitability for a second consecutive year, according to Insurance Economics and Underwriting Projections: A Forward View from…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Bahrain Kuwait Insurance Company B.S.C. and its subsidiary, Takaful International Company BSC, both of which are domiciled in Bahrain. GIG Bahrain Takaful provides a platform to underwrite takaful business domestically and increases the overall…
The U.S. property/casualty insurance industry is projected to grow faster than the overall economy in 2025 and is on track to achieve underwriting profitability for a second consecutive year, according to Insurance Economics and Underwriting Projections: A Forward View from the Insurance Information Institute and Milliman, a collaborating partner.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the National Scale Rating of aaa.IN of General Insurance Corporation of India. The outlook of these Credit Ratings is stable. In addition, the ratings factor in a neutral impact from the company’ s ownership by the government of India.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Pozavarovalnica Sava d.d., the operating holding company of the Sava Insurance Group. For the first half of 2025, Sava Re reported a strong net profit of EUR 57.7 million and a combined ratio of 86.0%. The Sava Insurance Group benefits from a strong position in its…
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Philippines National Scale Rating of aa+. PH of National Reinsurance Corporation of the Philippines. AM Best views the company’ s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the…
Ryan Specialty Holdings, Inc., a leading international specialty insurance firm, today announced that Steve Keogh, Chief Operating Officer, and Brendan Mulshine, Chief Revenue Officer, have been appointed to the additional roles of Co-Presidents of Ryan Specialty. “These appointments reflect the significant contributions Steve and Brendan have each made…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Al Dhafra Insurance Company P.S.C.. The outlook of these Credit Ratings is stable. However underwriting performance has been challenged since 2023, with the company reporting a net-net combined ratio, as calculated by AM Best, of 101.4% for the year-ended 31…
The Institutes RiskStream Collaborative and BluePond.AI announced a strategic partnership to address one of the property and casualty insurance sector’ s most persistent challenges: the broken flow of risk data between agents, carriers, and reinsurers. “Our collaboration with BluePond.AI is about more than just technology— it’ s about reimagining how the…
As part of its strategy to expand within the annuity market, Axonic Insurance TM, an annuity and investment solutions provider backed by Axonic Capital, and iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, announced a new alliance that streamlines the annuity order entry process for the…
Jérôme Jean Haegeli, Swiss Re’ s group chief economist and head of Swiss Re Institute, will deliver the keynote presentation, titled,“ Economic and Geopolitical Outlook.”. The programme also will focus on climate challenges and opportunities for the insurance industry, with a panel discussion that includes Alex Hindson, partner, head of sustainability, Crowe UK;…
Alliant Insurance Services is pleased to welcome Rob Fast as Executive Vice President within its Employee Benefits Group. Based in Portland, Maine, Fast will leverage his broad background in health, life, and disability insurance, along with reinsurance expertise, to enhance Alliant’ s client offerings, drive new initiatives, and provide strategic guidance to…
Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today, today announced the general availability of its Fall’ 25 Release. The new agents automate complex processes across P& C and L& AH Intelligent Core Suites and Loss Control, helping insurers speed up quoting and claims, simplify billing, and cut manual work…
–Consumers' Research launched a seven-figure campaign against Chubb Insurance, stating in its Woke Alert that the company promotes DEI, gender ideology, and climate extremism. Consumers' Research is a conservative consumer protection organization. Hild told The Center Square that " Chubb Insurance has a responsibility to their customers first and foremost…
–Consumers' Research launched a seven-figure campaign against Chubb Insurance, stating in its Woke Alert that the company promotes DEI, gender ideology, and climate extremism. Consumers' Research is "the nation's oldest consumer protection organization," according to Hild. Hild told The Center Square that " Chubb Insurance has a responsibility to their…
She will be succeeded by Marc-Andre Giguère, who will continue to oversee the United States, and Bernard Naumann, who will continue to lead Canada and the Caribbean. Under her leadership, the life reinsurance business in the United States, Canada, and the Caribbean has experienced unprecedented growth and success. Her achievements include significant…
Symetra Life Insurance Company announced that its acquisition through reinsurance of Dearborn Group’ s life and disability business closed on Oct. 1, 2025, in accordance with the terms of the definitive agreement reported on June 30, 2025. The arrangement includes a multi-year distribution agreement with Dearborn Group’ s parent company, Health Care…
