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Another new property insurer has been approved by Florida regulators to offer coverage in the state— the 11th since the Legislature enacted reforms to shore up insurers "bottom lines. Mangrove Property Insurance, based in St. Petersburg, was approved on Jan. 15 by the Office of Insurance Regulation for a certificate of authority to operate within the state, the…

January 22, 2025, 9:00 a.m. ET. Greg Toczydlowski- Executive Vice President and President of Business Insurance Jeff Klenk- Executive Vice President and President of Bond& Specialty Insurance Michael Klein- Executive Vice President and President of Personal Insurance Abbe Goldstein- Senior Vice President of Investor Relations. This transcript is a…

The Company expects to report full-year 2024 net income in the range of $1.3 billion to $1.4 billion and non-GAAP net operating income in the range of $1.2 billion to $1.3 billion. The reserve strengthening was fully offset by favorable development of well-seasoned reserves in property and mortgage lines. In the Company’ s Insurance segment, Everest…

KKR& Co. Inc. announced today that Robert H. Lewin, Chief Financial Officer, will present at the 2025 UBS Financial Services Conference on Monday, February 10, 2025 at 1:50 p.m. ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information about KKR& Co. Inc.,…

JANUARY 27, 2025| CHICAGO, IL- Ryan Specialty, a leading international specialty insurance firm, is pleased to announce that Sean Ryan has joined Ryan Re Underwriting Managers, a managing general underwriter focused on property and casualty treaty reinsurance. Sean Ryan has held a variety of senior roles in both reinsurance underwriting and reinsurance…

"Mark's vast experience and proven track record in delivering superior results made him an ideal choice to guide ICW Group to achieve our strategic growth initiatives while continuing to create the best insurance experience possible for our customers and agent partners," said Kevin Prior, CEO.. Moitoso brings a comprehensive knowledge of the property and…

Eaton Vance California Municipal Income Trust. Eaton Vance Municipal Income Trust. You are cordially invited to attend the Annual Meeting of Shareholders of your Fund, which will be held at the principal office of each Fund, One Post Office Square, Boston, Massachusetts 02109, on Wednesday, March 12, 2025 at 11:30 a.m..

Novidea, creator of the cloud-native, global insurance management platform for brokers, agents, and MGAs, today revealed the top ten predictions they believe will shape the insurance industry in 2025. “In 2024, the insurance industry experienced significant operational transformation, facing more pressure than ever to innovate, improve efficiency, boost…

January 22, 2025, 9:00 a.m. ET. Greg Toczydlowski- Executive Vice President and President of Business Insurance Jeff Klenk- Executive Vice President and President of Bond& Specialty Insurance Michael Klein- Executive Vice President and President of Personal Insurance Abbe Goldstein- Senior Vice President of Investor Relations. This transcript is a…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Hong Leong Insurance Limited. The outlook of these Credit Ratings is stable. HLIA’ s very strong balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which was at the strongest level in fiscal year-end 30 June 2024, as measured…

AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Indonesia National Scale Rating of aaa.ID of PT Asuransi Tugu Pratama Indonesia Tbk. The ratings also factor in a neutral impact from TUGU’ s ultimate majority parent, PT Pertamina, a state-owned energy company in Indonesia. AM Best views the company’ s…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Fubon Insurance Co., Ltd.. The outlook of these Credit Ratings is negative. The company’ s consolidated reported capital and surplus surged by 271% to TWD 19.4 billion in 2023, primarily driven by the capital injection from Fubon Financial Holding, albeit…

January’ s Best’ s Review includes the following exclusive rankings:. World’ s Largest Insurance Companies– 2025 Edition Ranked by 2023 net nonbanking assets. Ranked by 2023 net premiums written. Top 25 US Holding Companies– 2025 Edition Ranked by 2023 total assets. Ranked by 2023 total revenue. Top Global Brokers– 2025 Edition Top 25 US Property/Casualty Companies–…

AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of“ a” and the Mexico National Scale Rating of“ aaa.MX” of Grupo Nacional Provincial S.A.B.. The outlook of these Credit Ratings is stable. GNP is the largest insurer in Mexico based on gross premiums written.

The Los Angeles fires are likely to mark a turning point in how homes are built and insured in the United States. Though it's easy to point to specific failures in Los Angeles- the California insurance market is a mess, there was insufficient water to fight the fires, and many homes weren't built or retrofitted to withstand the blaze- the reality is that large…

Prudential Financial, Inc. announced today an agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Prismic Life, a Bermuda- based life and annuity reinsurance company sponsored by Prudential and Warburg Pincus and supported by a group of global investors. Under the terms of the agreement, Prismic will…

Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty and specialty insurance and reinsurance solutions, today announced that its Board of Directors has appointed Jim Williamson as President and Chief Executive Officer, effective immediately. Prior to that, he served as the Company’ s EVP and Group COO, and Head of the…