Reinsurance

bow-20241021 As filed with the Securities and Exchange Commission on October 21, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Bowhead Specialty Holdings Inc. 452 Fifth Avenue New York, NY10018 970-0269 H. Matthew Crusey General Counsel…

Selective Insurance Group, Inc. reported financial results for the third quarter ended September 30, 2024, with net income per diluted common share of $1.47 and non-GAAP operating income 1 per diluted common share of $1.40. The investments segment generated 13.1 points of annualized ROE in the quarter, as after-tax net investment income was $93 million, up…

AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to HDFC International Life and Re Company Limited, a subsidiary of HDFC Life Insurance Company Limited, which in turn is owned by HDFC Bank Limited. The outlook assigned to these Credit Ratings is stable. The ratings reflect HDFC’ s balance sheet strength, which AM Best…

Oct. 16— STAMFORD— Another company will take space in the downtown office building at 400 Atlantic St., the latest sign of the rebound in the past few years of the former home of Spectrum-services provider Charter Communications. Keter Environmental Services signed a lease for 38,696 square feet at 400 Atlantic in the third quarter of this year, according to a new…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Spheric Assurance Company, Ltd. As of December 2023, Spheric’ s balance sheet strength was pressured by the effects of Hurricane Otis impacting its credit risk. As of June 2024, the company showed an improved balance sheet position reinforcing its strong…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Constitution Insurance Company. Constitution is wholly owned by Steven Menzies, its chief executive officer, and participates in a quota share reinsurance transaction of workers’ compensation business from a commonly owned insurer. Constitution is…

The ratings also consider EARe’ s exposure to heightened economic, political and financial system risks in Kenya, where the majority of its assets are invested. EARe has a track record of adequate operating performance, with return-on-equity moderately exceeding the inflation in Kenya over the past five years. Overall earnings remained driven by favourable…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Dah Sing Insurance Company Limited. The company’ s reported capital and surplus under HKFRS 17 increased by 18% to HKD 2,373 million in 2023, driven by net profit retention and a recovery in the valuation of equity investments measured at fair value through…

Logan Browne thought he already experienced sticker shock from his Bushwick condo building's insurance rate tripling last year. Then, this summer, the insurance company dropped the building, citing a "loss ratio" that Browne, the condo board president, said related to water damage claims in 2020 and 2023 after heavy rainfall flooded the basement.

Strong third quarter net income of $1.260 billion and core income of $1.218 billion. Consolidated combined ratio improved 7.8 points from the prior year quarter to a strong 93.2%. Catastrophe losses of $939 million pre-tax, compared to $850 million pre-tax in the prior year quarter. Substantial net favorable prior year reserve development of $126 million…

The Travelers Companies, Inc. today reported net income of $1.260 billion, or $5.42 per diluted share, for the quarter ended September 30, 2024, compared to $404 million, or $1.74 per diluted share, in the prior year quarter. Core income in the current quarter was $1.218 billion, or $5.24 per diluted share, compared to $454 million, or $1.95 per diluted share, in the…

Oct. 16— STAMFORD— Another company will take space in the downtown office building at 400 Atlantic St., the latest sign of the rebound in the past few years of the former home of Spectrum-services provider Charter Communications. Keter Environmental Services signed a lease for 38,696 square feet at 400 Atlantic in the third quarter of this year, according to a new…

“We are pleased to reach this important milestone towards the completion of the Sale and thank our shareholders for their overwhelming support,” Ambac President and Chief Executive Officer Claude LeBlanc said.“ The Sale represents a meaningful step in a robust and thorough process to maximize the value of our legacy financial guarantee insurance business…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of R.V.I. Guaranty Co., Ltd. and its subsidiary, R.V.I. America Insurance Company. The outlook of these Credit Ratings is stable. RVI is affiliated with Group 1001 Insurance Holdings, LLC, and benefits from Group 1001’ s expertise in areas such as investment, risk…

The International Insurance Society has announced the finalists for the 2024 RGA Leaders of Tomorrow award, representing a global cohort of mentees who have demonstrated exceptional leadership potential. Annie Nhat Anh Tran, MSIG Asia. Tran’ s research explores how courageous leadership is the key to unlocking growth in emerging markets. Beth Carter,…

When a homeowner in Southwest Colorado types their address into an insurance company's quote generator, it's not uncommon to receive a notification that the insurer will not write a policy for that address. "Wildfire risk models are the bane of my existence right now– one of the banes of my existence right now," Colorado Insurance Commissioner Michael Conway…

PEMBROKE, Bermuda—- Arch Capital Group Ltd. today announced it held a private memorial event to honor and celebrate the life of former CEO Dinos Iordanou on Oct. 14 in New York City. “Dinos was full of life, always generous and an inspirational role model,” said Nicolas Papadopoulo, CEO, President and Chief Underwriting Officer of Arch Capital Group Ltd.“ We were…

AM Best and Fitch Ratings each issued reports last week warning that Milton could stretch liquidity of Florida- based insurers that are primarily focused on protecting in-state homeowners. "Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely…