Mozart was incorporated in Bermuda on July 12, 2019, and registered as a Class 3 A insurer on Sept. 26, 2019. Mozart is owned by Newport International Limited, also incorporated and registered in Bermuda. Mozart assumes risks from Compañía Mundial De Seguros S.A., an insurance company based in Colombia, through retrocession agreements with Mundial’ s global…
Reinsurance
Zywave, a leading provider of insurance technology solutions, celebrated the cyber risk industry’ s top individuals and firms at the 13th annual Cyber Risk Awards at Gotham Hall in New York City on Thursday, June 11, 2026. “Cyber risk dominates every industry discussion, news headline and conversations with organizations of all sizes, and these awards recognize…
Both the Block 1 CLN and Block 2 CLN are in consideration of a variable funding surplus note issued by Redding Reassurance Company 3 LLC, a Missouri- domiciled special purpose financial captive reinsurer and a direct wholly owned subsidiary of Wilton Reassurance Company. Each VSN supports the excess reserves for a block of life insurance business retroceded…
“RGA is grateful to be recognized by InsuranceERM, and we view this award as a reflection of the strong partnerships that define our work across the Americas,” said Senan O’ Loughlin, Executive Vice President, Head of U.S. In 2025, this approach drove strong performance across the region, marked by significant transaction activity, continued business momentum, and…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to SAIC Motor Insurance Limited. Incorporated in 2025 in Hong Kong, SAIC Captive is a single-parent captive of SAIC Motor Corporation Limited, the largest state-owned motor manufacturer in China. SAIC Motor is majority owned by Shanghai Automotive Industry Co., Ltd.,…
FGH Parent, L.P.,, a leading global reinsurance company, today announced that Fortitude Life Insurance& Annuity Company has completed its second funding agreement backed notes offering to institutional investors, scheduled to settle June 12, 2026. The notes will be issued by Fortitude Global Funding, an unaffiliated Delaware statutory trust, and are backed by…
Major insurers in California recently limited new policies and sought large rate hikes due to wildfires, inflation, and reinsurance costs. Regulators also threatened to suspend State Farm's license over claim handling from the 2025 L.A. wildfires. For consumers, developments in California and many other states raise a practical question: What are your…
W. R. Berkley Corporation announced with deep sadness the passing of its founder and Executive Chairman, William R. Berkley, today at the age of 80.. Mr. Berkley founded the Company in 1967 and, over the course of nearly six decades, built it into a Fortune 500 company that is one of the world’ s leading commercial insurance organizations. W. Robert Berkley, Jr., President…
The following information was released by the Insurance Information Institute:. The Insurance Information Institute and Munich Re US today announced the release of RiskScan 2026, a comprehensive cross-market research study that examines evolving risk perceptions and interconnected exposures in the United States and United Kingdom insurance…
International General Insurance Holdings Ltd. today announced that President& CEO Waleed Jabsheh will present at the East Coast IDEAS Investor Conference on Wednesday, June 10, 2026 at The Westin Times Square in New York City. IGI’ s presentation is scheduled to begin at 10.35 am Eastern Time. There will be an audio webcast of the presentation and this can be…
The new platform debuts with its first group focused on property reinsurance, led by Frank DiPaola, who will take on the role of President, DistinguishedRe Property, and is now open for business. Distinguished Programs today announced the launch of DistinguishedRe, its new reinsurance platform, with Frank DiPaola leading the property reinsurance division as…
The Insurance Information Institute and Munich Re US today announced the release of RiskScan 2026, a comprehensive cross-market research study that examines evolving risk perceptions and interconnected exposures in the United States and United Kingdom insurance markets. Featuring detailed research findings and key insights from Triple-I and…
KBRA releases research on the National Association of Insurance Commissioners private letter ratings review process. In August 2024, the NAIC passed an amendment that granted the Securities Valuation Office the ability to review and challenge credit ratings that it does not believe are a reasonable measure of risk for regulatory purposes.
In this role, Dr. Strunk will advance Hannover Re’ s underwriting innovation and digital transformation initiatives, lead efforts to modernize medical assessment practices to better reflect evolving medical knowledge, and strengthen the company’ s medical oversight and governance capabilities. Previously, Dr. Strunk spent over a decade in academic…
For the eighth year in a row, Centene is the highest ranked Missouri- based business at No. 19— up four spots from last year's list. Centene is among three Missouri businesses on the list that have female CEOs followed by Edward Jones at No. 249 and Graybar electric at No. 342.. The second highest ranked Missouri company is the Reinsurance Group of America at No. 193. The…
The following information was released by the Insurance Information Institute:. Claims closed without payment occur for many legitimate reasons and should not be confused with an insurer's obligation to pay covered losses. Insurance claims may be closed without payment for a variety of legitimate reasons, including when damages fall below a policy's…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.
Lastly, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa” to MSIG Specialty Insurance America, Inc. The outlook assigned to this rating is stable. The ratings assigned to MSIG Specialty Insurance America, Inc. reflects its strategic importance to the parent as a newly formed excess& surplus entity to support further growth of the business in the United…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora General, S.A.. AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2025, the company reported USD 105 million in direct premium, with a market share…
