AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of National Grid Insurance Company Limited, a captive insurer of National Grid plc. The outlook of these Credit Ratings is stable. The ratings reflect NGICL’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating…
Reinsurance
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of A and the Long-Term ICR of“ a+” of Terra Insurance Company. The outlook of the FSR is stable. While reinsurance costs have risen, Terra’ s overall exposure remains unchanged as it has no exposure over $2 million.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Bridgehaven Specialty UK Ltd. The company is a wholly owned subsidiary of Bridgehaven Europe Holdings Ltd, the non-operating company of the Bridgehaven group. Bridgehaven’ s recently announced plan to enter the European Union market is considered to be…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++, Long-Term Issuer Credit Rating of“ bbb” and Philippines National Scale Rating of aa+. PH of Malayan Insurance Co., Inc.. In addition, the ratings factor in a neutral impact from the company’ s ultimate ownership by Pan Malayan Management and Investment Corp..
The Best’ s Market Segment Report,“ Asia in Focus: A Two-Way Street for Reinsurance Diversification,” is part of AM Best’ s overall look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. “Asia-Pacific reinsurers are following a similar strategy, significantly expanding abroad,” said Christie Lee, senior director, AM Best.“ With…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Somerset Life Reinsurance Ltd.. Somerset Life Re is a startup Bermuda domiciled reinsurance company with section 953 U.S. taxpayer status and is a subsidiary of Somerset Reinsurance Ltd.. The U.S. taxpayer status allows Somerset Life Re flexibility to reach a…
Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.96% on the day to $279.18. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, […]
2025 AUG 19– 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 HARTFORD” by Cedric DeLaCruz The Hartford Insurance Group, Inc., representing Hartford Fire Insurance Company. The registrar information for this…
American Financial Group, Inc. announced that its Board of Directors approved an increase in the Company’ s regular annual dividend to $3.52 from $3.20 per share of common stock. About American Financial Group, Inc.. American Financial Group is an insurance holding company, based in Cincinnati, Ohio.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of Arab Reinsurance Company SAL. Offsetting rating factors include the very high economic, political and financial system risks in Lebanon, where Arab Re is domiciled and holds just under 40% of its invested assets. Nevertheless, the company has increased its…
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb” of Jubilee General Insurance Company Limited. In addition, the rating action considers improvements in the economic, political and financial system risks in Pakistan.
W. R. Berkley Corporation today announced the formation of Berkley Edge, a new business dedicated to providing professional liability and casualty insurance for small to mid-sized businesses. “We are deepening our commitment to the excess and surplus lines market by creating a sustainable platform tailored to small and mid-sized businesses with…
Markel Insurance, the insurance operations within Markel Group Inc., today announced the appointment of Alain Paris as Vice President, Product Line Leader– Primary Casualty, effective immediately. Paris’ appointment marks a significant step as Markel Canada continues to expand its capabilities and build momentum nationwide. “We’ re thrilled to welcome Alain…
“This integration reflects our core mission at INTX, to simplify and modernize the entire insurance lifecycle through powerful, intuitive technology,” said Robert Lewis, CEO of INTX.“ By embedding payments and premium financing directly into the INTX platform, we’ re removing complexity for our clients and delivering a faster, smarter experience for the entire…
The Best’ s Market Segment Report,“ Momentum Remains for Dedicated Reinsurance Capital Beyond the Market Peak,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. AM Best works in conjunction with Guy Carpenter to estimate the total amount of capital supporting the reinsurance industry.
Determined a fully franked interim dividend of 53 US cents per share. Delivered production of 548 Mboe/d and reduced unit production costs to $7.7/ boe. 1 Achieved strong progress on major projects with Scarborough 86%, Trion 35%, and Beaumont New Ammonia 95% complete. Positioned to unlock future value through the final investment decision to develop the…
AIIR Consulting, a global executive coaching and leadership development firm, has earned Gold and Silver in the 2025 Brandon Hall Group™ HCM Excellence Awards for Best Leadership Development Program. PHILADELPHIA, Aug. 18, 2025/ PRNewswire-PRWeb/– AIIR Consulting, a global executive coaching and leadership development firm, has earned two 2025 Brandon Hall…
The figure for Berkshire Hathaway in the fourth paragraph should read: USD 26.9 billion. The Best’ s Market Segment Report,“ World’ s 50 Largest Reinsurers,” is a highly recognized part of AM Best’ s overall look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Among the top five non-IFRS 17 players, the most significant change is…
AM Best is maintaining a negative outlook on Brazil’ s reinsurance market segment, citing in part political uncertainty and tax reform measures that are pressuring industry profitability. However, the Brazilian real has undergone a significant devaluation, reaching 6.18 BRL/ USD, as of 30 December 2024. “Agricultural reinsurance can be considered a natural…
