Shares of Enact Holdings, Inc. (NASDAQ: ACT) traded at a new 52-week high today and are currently trading at $46.23. So far today, approximately 19,283 shares have been exchanged, as compared to an average 30-day volume of 330.23k shares. Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company […]
Reinsurance
International General Insurance Holdings Ltd. today announced that it expects to release financial results for the second quarter and first half of 2026 on Tuesday, August 4, 2026, after the close of the U.S. financial markets. The Company will host an investor teleconference, including a question-and-answer period, on Wednesday, August 5, 2026, at 9:00 a.m….
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Ikano Re AG. Ikano Re is ultimately majority-owned by the founding family of the global retail store brand, IKEA. The company benefits from its niche position as provider of reinsurance coverage for risks linked to the global IKEA franchise system, with the majority…
A University of Kentucky lawyer told trustees last week that UK officials make trips to the Cayman Islands and London, England, because it’ s a requirement for the university’ s insurance company, Insure Blue. UK spent thousands of dollars on trips to the Cayman Islands and London, England, in recent years for meetings about its captive insurance company, Insure…
Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. and Unum Life Insurance Company of America, a subsidiary of Unum Group. Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will…
Unum Group announced today that its Unum Life Insurance Company of America subsidiary has entered into an agreement to cede to Fortitude Reinsurance Company Ltd., on a coinsurance basis, certain individual long-term care insurance policies representing $3.8 billion of statutory reserves in Fairwind Insurance Company, a wholly owned subsidiary of Unum.
Malibu Life Holdings Limited, a London Stock Exchange- listed insurance holding company focused on the U.S. retirement and annuity market, today announced the successful closing of its acquisition of TruSpire Retirement Insurance Company, which will be rebranded as Malibu Life USA. TruSpire brings Malibu Life a U.S.- domiciled insurance company with broad…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Helvetica Re Rückversicherung AG Corporation. The company is Barbados- domiciled and began commercial operations in 2022, underwriting surety for renewable energy and infrastructure developments mainly in Spain with a geographic presence in Latin…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Motors Insurance Company Limited. The outlook of these Credit Ratings is stable. MICL is a wholly owned subsidiary of AmTrust International Insurance, Ltd., which is a member of the AmTrust Group.
Ms. Bewlay will report to Eric Andersen, President& Chief Executive Officer of AIG, and join the Company’ s Executive Leadership Team. In this role, Ms. Bewlay will have responsibility for AIG’ s underwriting strategy, including advancing underwriting management best practices and overseeing the Company’ s global underwriting organization and its focus on…
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of JSC Insurance Company Aldagi Group. The outlook of these Credit Ratings is stable. Offsetting factors include the company’ s onerous dividend policy, which limits its internal capital generation, as well as Aldagi’ s exposure to the moderate political risk…
Acrisure, a global fintech leader, today launches Asero Insurance Services, a specialty managing general agency that unifies several Acrisure- owned program administrators under a common brand in the United States. This press release features multimedia. Acrisure owns 13 US-based MGAs that collectively underwrite over $1 billion of premium, of which six…
Total direct premiums written sourced from DUAEs reached $108.7 billion in 2025, up from $92.3 billion in 2024, according to data from the National Association of Insurance Commissioners. While DUAEs have played a critical role in generating premium growth and developing coverage solutions, particularly for specialty products that cover evolving and…
2026 JUN 26– By a News Reporter-Staff News Editor at Computer Business Daily– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ C-MANAGERPAY” by Angela P. Doughty Ward and Smith, P.A., representing CIT Group Inc. This application was made available to the public on June 16, 2026.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Egypt National Scale Rating of aaa.EG of Misr Insurance Company. MIC is the largest non-life insurance subsidiary of Misr Insurance Holding Company. The company’ s capital requirements are driven mainly by asset risk, given its concentration of assets in…
BISM is a member of W. R. Berkley Insurance Group, which on a consolidated basis, has a balance sheet strength that AM Best assesses at the strongest level, as well as strong operating performance, a favorable business profile and appropriate enterprise risk management. BISM was formed in November 2016 and is one of W. R. Berkley’ s two Mexico subsidiaries.
Today, Mayor Zohran Kwame Mamdani and New York City Economic Development Corporation Interim President and CEO Jeanny Pak announced the next step toward launching a first-of-its-kind City-backed housing insurance program, with NYCEDC releasing a Request for Expressions of Interest to help design the initiative. Developed in partnership with the…
Agriculture is also central to Ukraine's irreversible path towards membership of the European Union. European agriculture will be stronger with Ukraine than without it. At the same time, our first responsibility is to Ukraine and to the Ukrainian people.
Vasilis Katsipis, general manager, MENA, South and Central Asia, AM Best, will join a panel discussion, titled,“ Absorbing the Shock: Reinsurance, Nat Cat Risk and Market Resilience,” during which he will offer AM Best’ s views on the role of credit ratings in measuring insurer resilience. Katsipis has been with AM Best for more than 20 years and led establishment of the…
