Reinsurance

Despite homeowners insurance premiums remaining below the national average, California’ s insurance market continues to face significant pressures that are limiting coverage availability and driving more consumers toward nonstandard insurance options, according to a new members-only Issues Brief published by the Insurance Information Institute.

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of Petrolimex Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PJICO’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…

AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Wednesday, Sept. 23, 2026. The panel discussion will feature Brett Boadway, executive director, Canada Association of Managing General Agents; Brady DeSantis, vice president, underwriting solutions, Navacord; Paul Jackson, chief…

AM Best will join a panel discussion during the Latin America Reinsurance Group’ s 2026 Annual Meeting, which will take place Sept. 23– 26, 2026, in Guatemala City, Guatemala. De la Torre, who joined AM Best in 2018, has more than two decades of experience in the insurance and reinsurance industries, predominantly in Latin America. Headquartered in the United States,…

FOR THE PROPOSED PROJECT OF: Lead Service Line Replacement City of Washburn, North Dakota DRINKING WATER STATE REVOLVING FUND PROJECT NUMBER: 2800989-04 The North Dakota Department of Environmental Quality has reviewed the proposed Lead Service Line Replacement project for the City of Washburn in accordance with the National Environmental Policy Act.

Agam Capital, a global leader in insurance-related asset and liability analytics, advised JAB Insurance, the global life insurance business of JAB Holding Company, on the completion of its acquisition of Columbian Financial Group following the successful conclusion of coordinated rehabilitation proceedings in New York and Illinois and receipt of all…

The volume of ceded U.S. health insurance premium to the reinsurance market has grown significantly over the past decade, to USD 203 billion in 2025 from USD 59 billion in 2016, representing growth of more than 300%, according to a new AM Best report. “Underwriting margins across several U.S. health insurance segments have been under pressure, prompting insurers…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of AVLA Perú Compañía de Seguros S.A.. The ratings of AVLA Perú also recognize its affiliation and strategic importance to its ultimate parent, AVLA Bermuda Holding Corp Ltd., a financial holding company domiciled in Bermuda that is engaged in insurance…

The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” states that enhanced regulatory oversight, particularly for non-motor lines such as property and liability, is expected to support pricing discipline, strengthen distribution practices and promote prudent market conduct. “For Chinese Interest Aboard business, while…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Ping An Health Insurance Company of China, Ltd.. The ratings also reflect the implicit and explicit support that Ping An Health receives from its two major shareholders, Ping An Insurance Company of China, Ltd. and Discovery Limited, with respect to capital and…

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. In May 2026, GUNA Re recorded significant capital erosion arising from accounting treatment issues in the novation of an underwriting portfolio from the existing entity, NEWGT Reinsurance…

AM Best has revised its outlook to stable from negative for Brazil’ s reinsurance market, citing its resilience to weather-related events and favorable bottom-line results in 2025, driven by renewed underwriting discipline. Another change occurred in April 2026, when Brazil’ s value-added tax reform introduced the CBS and IBS taxes, replacing federal, state,…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb+” of Frank Winston Crum Insurance Company. The outlook of the FSR is stable. Recent adverse reserve development has been driven primarily by legacy general liability exposures, including…

AM Best has assigned the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” to Mainstream Reinsurance Limited Company. The outlook assigned to these Credit Ratings is stable. In addition, Mainstream Re is exposed to high levels of economic, political and financial system risks in Ghana, where the company is domiciled and all its…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Peak Reinsurance Company Limited and its subsidiaries, Peak Reinsurance AG and Peak Reinsurance North America Ltd.. The company’ s reported capital and surplus grew by 17% to USD 1,678 million, supported by retention of underwriting and investment profits,…

A new AM Best report delves into the growing capacity materializing in the combined property and casualty sidecars segment within the insurance-linked securities market, placing a broad estimate for the niche segment at USD 17 billion to USD 19 billion. The Best’s Market Segment Report,“ Steering Profitability Remains Crucial for Lloyd’ s in a Softening…

Reinsurers operating in the Middle East and Africa reported another year of solid underwriting results, with the MENA market remaining a desirable region for international reinsurers alongside high growth potential in the sub-Saharan Africa region. However, reinsurers’ underwriting appetite has become more selective in response to heightened…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of the members of Allstate Insurance Group. Additionally, AM Best has affirmed the Long-Term ICR of“ a-” and all existing Long-and Short-Term Issue Credit Ratings of the ultimate parent, The Allstate Corporation. In addition, AM Best has affirmed the FSR of A and the…