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Reinsurance

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Susan Panuccio to join Howden as Group Chief Financial Officer

October 14, 2025

Howden, the global insurance intermediary group, today announces the appointment of Susan Panuccio as Group Chief Financial Officer, effective 6 January 2026. She previously held senior board and leadership positions at News Corp in the UK and Australia. Prior to that, Susan worked for AngloGold Ashanti and Ansett Australia, having started her career as an…

CLARA Analytics Launches Data Engineering as a Service, Laying the Foundation for Agentic Reasoning in Insurance AI

October 14, 2025

New Service Transforms Data Into AI-Ready Assets That Will Put Actionable Intelligence Directly Into Claims Professionals’ Hands. SUNNYVALE, Calif. and LAS VEGAS—- CLARA Analytics, the leading provider of artificial intelligence technology for insurance claims optimization, today announced the launch of CLARA Data Engineering as a Service, a new offering…

INTX Launches ReinsureConnect Software at ITC Vegas 2025, Revolutionizing Ceded Reinsurance Management

October 14, 2025

INTX Insurance Software, a provider of fully integrated core solutions for the entire P&C insurance policy lifecycle, today announced at ITC Vegas the launch of INTX ReinsureConnect, a cloud-native, AI-ready system that centralizes and streamlines ceded reinsurance operations across all lines of business for fronting carriers and carriers that rely on…

AM Best Withdraws Credit Ratings of Jamestown Insurance Company Limited

October 13, 2025

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Jamestown Insurance Company Limited. The outlook of these Credit Ratings is stable. AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world.

Pacific Life Insurance Company Trademark Application for “THE POWER OF CHOICE” Filed: Pacific Life Insurance Company

October 13, 2025

2025 OCT 13– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ THE POWER OF CHOICE” by Heather J. Kliebenstein Merchant& Gould P.C., representing Pacific Life Insurance Company. The registrar information for this application…

Best’s Market Segment Report: Sub-Saharan Africa’s Reinsurers Staying the Course Amid Economic Uncertainty

October 13, 2025

The economic environment across sub-Saharan Africa has been challenging in recent years, though analysis in a new special report from AM Best shows that the region’s reinsurers have been resilient amid these complexities. In addition, please visit the AM Best TV event playlist for coverage of AM Best’ s reinsurance market briefing from Rendez-Vous de…

Florida home insurance costs rose 1.5% so far in 2025. Will they ever get lower?

October 12, 2025

Average home insurance premiums in Florida increased by 1.5% over the first eight months of 2025— an improvement over previous years but not the reduction that cost-burdened policyholders have been waiting for since reforms were enacted in 2022 and 2023.. According to a South Florida Sun Sentinel analysis of data released monthly by the Florida Office of…

AM Best Affirms Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation

October 10, 2025

The operating subsidiaries are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, and MGIC Assurance Corporation. All companies are domiciled in Milwaukee, WI. The outlook of these Credit Ratings is stable. The business profile is assessed as limited because the company is focused on U.S. single family mortgage risk.

AM Best Affirms Credit Ratings of Zenith National Insurance Group’s Members

October 10, 2025

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…

Best’s Commentary: Brazil Pushes Ahead on Insurance Regulation Overhaul Despite Economic Headwinds

October 10, 2025

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…

TRIPLE-I/MILLIMAN: P/C INSURANCE INDUSTRY POISED FOR GROWTH AND UNDERWRITING PROFITABILITY IN 2025 DESPITE GEOPOLITICAL AND NATURAL CATASTROPHE UNCERTAINTIES

October 10, 2025

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 Affirms Credit Ratings of Bahrain Kuwait Insurance Company B.S.C.

October 9, 2025

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…

Triple-I/Milliman: P/C Insurance Industry Poised for Growth and Underwriting Profitability in 2025 Despite Geopolitical and Natural Catastrophe Uncertainties

October 9, 2025

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 Affirms Credit Ratings of General Insurance Corporation of India

October 9, 2025

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 Affirms Credit Ratings of Pozavarovalnica Sava d.d.

October 9, 2025

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 Affirms Credit Ratings of National Reinsurance Corporation of the Philippines

October 9, 2025

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 Appoints Steve Keogh and Brendan Mulshine as Co-Presidents

October 8, 2025

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 Affirms Credit Ratings of Al Dhafra Insurance Company P.S.C.

October 8, 2025

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 Join Forces to Modernize Risk Data Exchange Across P&C Insurance

October 8, 2025

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…

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