AM Best has downgraded the Long-Term Issuer Credit Rating to“ a” from“ a+” and affirmed the Financial Strength Rating of A of Erie and Niagara Insurance Association. Concurrently, AM Best has affirmed the FSR of A- and the Long-Term ICR of“ a-” of Cherry Valley Cooperative Insurance Company. Erie& Niagara reported a combined ratio of approximately 110.3% through the…
Reinsurance
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Eni Insurance S.p.A., a captive of Eni S.p.A., a multinational energy company based in Italy. The outlook of these Credit Ratings is stable. EIS’ prospective performance is expected to be strong, in line with the historical performance of Eni Insurance Designated…
The majority of homeowners either don't think climate change is behind increased homeowners insurance rates, or aren't sure if there's a connection, according to the 2026 Insurance and Climate Change survey conducted by Insurance.com. A 2024 Congressional Budget Office report found that climate change is straining insurers' resources, resulting in rate…
Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce its investment in Apex Insurance Services, a leading multi-brand managing general agency platform focused on the Texas non-standard auto insurance market. Headquartered in Richardson, Texas, Apex manages five MGAs— Apollo MGA, Apollo…
Labaton Keller Sucharow LLP and Saxena White P.A. have filed a securities class action lawsuit on behalf of the City of Detroit General Retirement System and the City of Plantation Police Officers’ Retirement System against Everest Group, Ltd. and certain of its executives. Everest Group, Ltd., et al., No. 26- cv-09448, asserts claims under Sections 10 and 20 of the…
Porch Group, Inc., a new kind of homeowners insurance company, today reported third quarter results through September 30, 2026, that exceeded our expectations. “With that organic foundation firmly in place, we are excited to further accelerate our growth through the pending acquisition of Allied Trust. Allied Trust is expected to strengthen an already…
Although the company’ s investment portfolio is of good liquidity, asset risk is high as assets are concentrated in Egypt, thereby exposing the balance sheet to the country’ s high economic and political risk and very high financial system risk. GIG Egypt has a record of generating strong earnings despite the challenging operating conditions and high…
AM Best will join a panel discussion to discuss shifting market forces in the U.S. life/annuity insurance segment at The Capitol Forum’ s“ Life& Annuity Industry at a Crossroads” event, on Thursday, Nov. 12, 2026, at the National Press Club in Washington, D.C.. The Capitol Forum covers public policy-related topics. Headquartered in the United States, the company does…
PEMBROKE, Bermuda—- RenaissanceRe Holdings Ltd. today announced its financial results for the third quarter of 2026.. The third quarter generally is not a significant renewal period for the Company. Net claims and claim expense ratio- current accident year increased by 9.4 percentage points compared to Q3 2025, primarily driven by the 2026 Large Loss Events,…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of The West of England Ship Owners Mutual Insurance Association. West’ s balance sheet strength assessment is underpinned by risk-adjusted capitalisation at the strongest level at year-end February 2026, as measured by Best’ s Capital Adequacy Ratio.
The Hartford today announced financial results for the third quarter ended Sept. 30, 2026. "The Hartford delivered another quarter of strong results in an increasingly competitive market," said The Hartford’s Chairman and CEO Christopher Swift. The Hartford’s Chief Financial Officer Beth Costello said, " Business Insurance delivered a solid quarter, with 6…
BELLEVUE, Wash.& NEW YORK—- Symetra Life Insurance Company, a leading provider of life, retirement and employee benefit insurance products, and Teachers Insurance and Annuity Association of America, a long-standing leader in lifetime income, today announced the launch of Mariner Re Ltd., a Class E licensed reinsurer domiciled in Bermuda. Symetra Investment…
Agam Capital, a global leader in insurance-related asset and liability analytics, is advising Empower, a leading retirement services and wealth management provider in the United States, in the development of an ALM modeling platform designed to enhance capital and risk management. Our collaboration with Agam Capital represents an important step in…
Connecticut voters will head to the polls Nov. 3 to decide who will lead the state, represent them in Washington and Hartford and make decisions in communities across Connecticut. Ned Lamont and Republican challenger Ryan Fazio to the congressional races. Explore the races below, learn about the candidates and compare their positions on the issues that matter…
Connecticut voters will head to the polls Nov. 3 to decide who will lead the state, represent them in Washington and Hartford and make decisions in communities across Connecticut. Ned Lamont and Republican challenger Ryan Fazio to the congressional races. Explore the races below, learn about the candidates and compare their positions on the issues that matter…
The Mineola Union Free School District Board of Education heard an update on the ongoing facility projects throughout the district at its Thursday, Oct. 22 meeting. In July of this year, Mineola entered a takeover agreement with Everest Reinsurance Company to complete the remaining work, which will be done by Beacon Merchants Construction at the same cost…
The recent civil unrest witnessed across France has highlighted the need for Strikes, Riots and Civil Commotion coverage to close the insurance gap from these kinds of events, according to a new AM Best commentary. Dr Mathilde Jakobsen, senior director, acting head of analytics, AM Best, and one of the commentary’ s authors, said:“ It is expected that most claims may…
Members of AM Best’ s analytic team will deliver outlook presentations on China’ s non-life insurance segment and the global and Asian reinsurance markets at the 2026 Shanghai International Reinsurance Conference, which will take place 27-30 October 2026 in Shanghai, China. The presentation will be followed by one on the global and Asia reinsurance segments,…
Selective Insurance Group, Inc. reported financial results for the third quarter ended September 30, 2026, with net income per diluted common share of $2.11 and non-GAAP operating income 1 per diluted common share of $2.37. These results reflect our disciplined underwriting approach and continued progress to improve profitability,” said John J. Marchioni,…
