Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced that it has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada, to The Wawanesa Mutual Insurance Company. This transaction marks another decisive step in Everest’ s strategic repositioning and advances…
Reinsurance
NEW YORK& LONDON—- Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, creating a broader, more diversified specialty insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. With IQUW Group, Starr has strengthened its position in the London…
The following information was released by Rainforest Action Network:. Rainforest Action Network responds to DFC's announcement of Chubb as lead partner for the $20 billion Maritime Reinsurance Plan. The Trump administration is using $20 billion in U.S. taxpayer money to backstop oil and gas tankers navigating a war zone and Chubb, the world's largest…
2026 MAR 20– 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“ CHUBB” by Jenifer DeWolf Paine Fish& Richardson P.C., representing The Chubb Corporation. This application was made available to the public on March 07, 2026.
The global insurance industry is currently operating at a trillion-dollar scale, with the 2025 market valued at $8.33 trillion and projected to climb past $11.6 trillion by 2030. In the U.S. alone, the market stood at $2.27 trillion in 2025, with forecasts pointing toward nearly $4.95 trillion by 2035.. Here, Brad Spurgeon Insurance Agency breaks down the…
Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved -0.7% on the day to $325.67. 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, […]
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Vietnam National Scale Rating of aaa.VN of PVI Insurance Corporation. The outlook of these Credit Ratings is stable. PVI Insurance benefits from good financial flexibility, given its majority ownership by HDI V.a.G.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Taiping Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CTIM’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
Accelerant Holdings, a data-driven company modernizing the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the fourth quarter and full year ended December 31, 2025. “We closed out 2025 with a fantastic quarter, meeting or exceeding our expectations across our key operating metrics and…
Mr. Anthony previously served on the Board of IGI Holdings Dubai Limited from 2018 until March 2020, and as a Director on the Board of International General Insurance Company Ltd, a Bermuda- based subsidiary of IGI, from January 2020 until December 2025. Andrew J. Poole, who has served as a Director of IGI and a member of its Compensation Committee since March 2020, has…
The Plateau Group, a multi-line insurance company serving financial institutions and facilitating new product programs since 1981, announced it will operate under a new brand: Lumos Insurance. "Lumos is a new name on top of a proven foundation," said Vince Bodnar, president and chief financial officer. Founded in 1981 by a consortium of Tennessee banks to…
AM Best has assigned a Financial Strength Rating of B, a Long-Term Issuer Credit Rating of“ bb” and a Philippines National Scale Rating of a.PH to Stronghold Insurance Company, Inc.. The outlook assigned to these Credit Ratings is stable. In addition, the company has a low-to-moderate risk investment portfolio with the majority of assets allocated to cash,…
Odyssey Reinsurance Company today announced the appointment of Philip Klecan as its chief agent in Canada, effective March 27. Mr. Klecan succeeds Jean-Raymond Kingsley, who is retiring after 15 years with the Company. Odyssey Reinsurance Company is a globally diversified underwriter of property and casualty reinsurance products.
2026 MAR 13– 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“ GREAT-WEST LIFE& ANNUITY INSURANCE COMPANY” by Rachel A. Rice, representing Great-West Life& Annuity Insurance Company. This application was made available to…
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Mexico National Scale Rating of“ aa.MX” of Fianzas Avanza S.A de C.V.. The outlook of these Credit Ratings is stable. The company is Mexico- domiciled and began operations in 2017, initially underwriting fidelity insurance.
AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to“ a+” from“ aa-” of Banner Life Insurance Company and William Penn Life Insurance Company of New York collectively referred to as Banner Life Group. The ratings reflect the early stages of Banner’ s…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of KBFG Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings also reflect the wide range of support that the company receives from its parent, KB Insurance Co., Ltd., in areas including underwriting and pricing, business development,…
Advantage Capital Holdings, LLC, a New York- based insurance and financial services company with over $16 billion in assets under management, and funds managed by Oaktree Capital Management, L.P., a leader among global investment managers specializing in alternative investments, have signed a master transaction agreement in which Oaktree plans to acquire a…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Chubb Seguros de Vida Chile, S.A.. Chubb Vida Chile’ s sister company, Chubb Seguros Chile, S.A., focuses on property/casualty businesses. The company’ s operations grew in terms of premium volume, business lines and market share after its strategic alliance with…
