INS’ risk-adjusted capitalization remains at the strongest level, as measured by Best’ s Capital Adequacy Ratio, and is supported by a comprehensive and adequate reinsurance program, solid operating performance and its position as the leading insurer in Costa Rica. INS is Costa Rica’ s largest insurer with a market share of 62%, as of December 2025.
Reinsurance
AM Best has upgraded the Financial Strength Rating to“ B+” from B and the Long-Term Issuer Credit Rating to“ bbb-” from“ bb+” of Reaseguradora Santo Domingo, S.A.. REASANTO is a reinsurance company founded in 1973 in Santo Domingo, Dominican Republic. In 2024, the company began underwriting business in Central America following its plan to expand operations to other…
Newport Specialty Partners, a specialty insurance platform focused on partnering with high-quality MGAs and program administrators, today announced the appointment of Mary Sbaschnig as Chief Operating Officer and Chief Information Officer. “Mary brings exactly the combination of insurance operating experience, technology expertise, and practical…
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Aseguradora del Sur C.A.. The outlook assigned to these Credit Ratings is stable. The company was founded in 1990 in Cuenca, Ecuador by Rodrigo Cevallos Breilh.
Boost Insurance Holdings, Inc., the full-stack specialty insurance infrastructure platform, today announced the release of Boost Atlas, an AI-enabled broker and MGA portal purpose-built to compress the placement workflow from hours to seconds. Boost Atlas is the turnkey distribution interface for Boost’s full-service MGA platform- providing brokers…
Resilience Foundation today confirmed that the Token Generation Event for the RE token will be coming soon. Hundreds of thousands of U.S. policyholders reinsured. $226 million in 2026 premiums written to date.
On Wednesday, May 27, at 12:30 p.m. ART, Carlos De la Torre, managing director of operations of AM Best’ s Mexico- based subsidiary, will join a panel to discuss the state of insurance markets across Latin America. 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.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Nacional de Seguros S.A. Compañía de Seguros Generales. Nacional de Seguros began operations in 2014 after acquiring Ecoseguros S.A., a company in voluntary liquidation, with fulfillment and liability insurance licenses granted by the…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Dubai Insurance Company. The outlook of these Credit Ratings is stable. The assessment also considers the material share of equity holdings in DIN’ s investment portfolio, and its exposure to fair value fluctuations, with risks heightened by the ongoing…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Compagnie française d’ assurance pour le commerce extérieur, Coface North America Insurance Company and Coface Re SA, which are subsidiaries of Coface SA, the non-operating holding company of the Coface group. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Union Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Union’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate…
Florida- domiciled personal property specialist companies recorded nearly $1 billion in underwriting gains, following a $132 million underwriting loss just two years ago, highlighting market stabilization and increasingly manageable market conditions, according to a new AM Best report. “The improved Florida property insurance landscape reflects…
Prismic is sponsored by Prudential Financial, Inc. and Warburg Pincus, global leaders in insurance and investment management. Prismic is a Bermuda-exempted limited partnership and the holding company of Prismic Life Reinsurance, Ltd. and Prismic Life Reinsurance International, Ltd., each a licensed Class E Bermuda-based life and annuity reinsurance…
Porch Group, Inc., a new kind of homeowners insurance company, today announced that Homeowners of America has launched in Michigan, marking the 22nd state in which HOA operates. “We’ re pleased to bring HOA’ s homeowners insurance offering to Michigan and expand our ability to serve independent agents and policyholders in another important market,” said Matt…
Energetic Capital, a leading provider of credit insurance solutions for clean energy and infrastructure, today announced it successfully renewed its arrangement with SCOR, adding some new capabilities and increasing the single obligor maximum limit. To date, Energetic Capital has enabled over $1.5 billion in transactions across 1,500 projects and 48…
Global reinsurer MS Reinsurance announced today that it produced a net profit of $415 million after tax for the year ended 2025, compared to $346 million for the year ended 2024.. “2025 was an excellent year for the company as we delivered a significantly increased net profit of $415 million, based on excellent underwriting and investment performance.
AM Best will participate in a panel discussion at the Casualty Actuarial Society’ s Seminar on Reinsurance, which will take place May 31- June 2, 2026, in Philadelphia, PA.. Greg Dickerson, director, AM Best, will join a session on Tuesday, June 2, titled,“ Rating Agency Update,” which will provide an update on the U.S. property/casualty and global reinsurance segments.
Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc.. The transaction builds on Everest’ s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of…
Hadron Appoints Liesel Carvajal as Group General Counsel and Ed McGough as Chief Information Officer
Hadron, a modern specialty insurance carrier setting a higher standard in delegated underwriting authority, today announced the appointments of Liesel Carvajal as Group General Counsel and Ed McGough as Chief Information Officer. "The delegated authority market is at an inflection point,” said Sam Reeder, Chief Executive Officer of Hadron.“ The carriers that…
