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When a homeowner in Southwest Colorado types their address into an insurance company's quote generator, it's not uncommon to receive a notification that the insurer will not write a policy for that address. "Wildfire risk models are the bane of my existence right now– one of the banes of my existence right now," Colorado Insurance Commissioner Michael Conway…

PEMBROKE, Bermuda—- Arch Capital Group Ltd. today announced it held a private memorial event to honor and celebrate the life of former CEO Dinos Iordanou on Oct. 14 in New York City. “Dinos was full of life, always generous and an inspirational role model,” said Nicolas Papadopoulo, CEO, President and Chief Underwriting Officer of Arch Capital Group Ltd.“ We were…

AM Best and Fitch Ratings each issued reports last week warning that Milton could stretch liquidity of Florida- based insurers that are primarily focused on protecting in-state homeowners. "Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely…

PEMBROKE, Bermuda—- Arch Capital Group Ltd. today announced that Nicolas Papadopoulo has been named Chief Executive Officer and is joining the Board of Directors effective immediately. Papadopoulo has been the President and Chief Underwriting Officer of Arch and Chief Executive Officer of Arch Worldwide Insurance Group since January 1, 2021.

The Pennsylvania Insurance Department announced Pennsylvania's 2025 Affordable Care Act health insurance rates, which will save Pennsylvanians approximately $77.2 million in 2025 health insurance premium costs through PID's rate review process and reinsurance program. Most insurers currently offering individual market coverage in…

AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of General Insurance Corporation of India. In addition, AM Best has revised the Credit Rating outlooks to stable from positive. In addition, the ratings factor in a neutral impact from the company’ s ownership by the government of India.

Floify, the mortgage industry's leading point-of-sale solution, today announced the availability of Floify Verify, a native electronic verification of income and employment service powered by Argyle. Reports generated by Floify Verify have the potential to receive representations and warranties relief on eligible loan components from both Fannie Mae…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Samsung Fire& Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire& Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd., and Samsung Reinsurance Pte. Ltd.. SFM’ s risk-adjusted capitalisation is expected to remain comfortably…

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…

In 2023, Guam was impacted by Typhoon Mawar, which was the most severe weather event since 2002. Despite this event, Pacific Indemnity reported operating income of $1.1 million and would have reported capital growth if not for a change in the interpretation of the Guam Insurance Code, which required the company to non-admit real estate property other than for…

AM Best has upgraded the Financial Strength Rating to A from B++ and the Long-Term Issuer Credit Rating to“ a” from“ bbb+” of GIG Insurance- Egypt S.A.E.. GIG- Egypt is a strategically important subsidiary of GIG, representing its interests in Egypt. GIG- Egypt is expected to benefit from this merger, which will add significant additional capital resources to the company.

PEMBROKE, Bermuda—- AXIS Capital Holdings Limited today announced leadership appointments for the Company’ s Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both domiciled in Ireland and regulated by the Central Bank of Ireland. Dax Gulmohamed has been appointed CEO of ASE, overseeing the legal entity and its branches in Belgium and the UK.

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Golden Tree Reinsurance Limited. Golden Tree is a subsidiary of Iris Financial Services Limited and is owned ultimately by Springbrook Capital Ltd., a privately held holding company with diversified operations in insurance and financial services.

Legacy as a strong investor in financial services, including in insurance and asset management Perceived as a financial holding company Investment in Arena, a high- quality $3.5 bn AUM alternative asset manager, well positioned to scale Significant value creation opportunity that can be accelerated through a strategic transaction/ partnership Strong…

We are offering $600,000,000 aggregate principal amount of our 6.625% Fixed-Rate Reset Junior Subordinated Debentures due 2054. The debentures will bear interest from, and including, the date of original issue to, but excluding, October 15, 2034, at the fixed rate of 6.625% per annum and from, and including, the First Reset Date, during each Reset Period, at a rate…