AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Amherst National Insurance Company, formerly known as Jet Insurance Company. At the same time, AM Best has affirmed the FSR of A- and Long-Term ICR of“ a-” of Amherst Specialty Insurance Company.
Reinsurance
A new AM Best analysis reveals that funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity insurance segment’ s overall reserves, which is up from 32% prior to the financial crisis of 2008. It illustrates a shift from traditional, defined benefit retirement and income protection approaches toward strategies more…
A single Directors and Officers insurance claim can cost thousands in outside counsel fees— for coverage analysis that Claimence’ s AI now completes for claim handler confirmation in under 30 minutes. Claimence, LLC today announced the commercial launch of the first purpose-built AI platform for Financial Lines insurance claims processing— expediting and…
The Insurance Information Institute has deployed comprehensive awareness campaigns in Oklahoma and Wisconsin, underscoring the impact of lawsuit abuse on consumer costs and outlining the need for tort reform. By demonstrating the direct link between lawsuit abuse and increased insurance premiums, Triple-I aims to catalyze legislative action and…
The Insurance Information Institute has deployed comprehensive awareness campaigns in Oklahoma and Wisconsin, underscoring the impact of lawsuit abuse on consumer costs and outlining the need for tort reform. Triple-I’s legal system abuse awareness campaigns include digital displays across the Capitol Districts of Oklahoma and Wisconsin.
kWh Analytics, a leader in underwriting the energy transition through its licensed insurance subsidiary, Solar Energy Insurance Services, today announced a data-sharing pilot program to reward renewable energy assets for extreme weather mitigation efforts. kWh Analytics is expanding its risk modeling capabilities by leveraging data from solar…
Lincoln Financial announced today that it will report its results for the first quarter ended March 31, 2026, at 6:00 a.m. Eastern Time on Thursday, May 7, 2026. As of December 31, 2025, the company had $349 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, PA., Lincoln Financial is the marketing name for Lincoln National…
The Insurance Information Institute, in partnership with Fenix24, today published Cybersecurity for Insurers: Squaring Safety with Service, a report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilities remain. “Insurers occupy a paradoxical position in the cybersecurity landscape,” said Sean…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of CMB Wing Lung Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CMBWLI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…
AM Best has upgraded the Long-Term Issuer Credit Ratings to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, Federated Reserve Insurance Company, and Granite Re, Inc.. These companies are collectively referred to as Federated Mutual Group and…
The following information was released by the Insurance Information Institute:. The Insurance Information Institute, in partnership with Fenix24, today published Cybersecurity for Insurers: Squaring Safety with Service, a report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilities remain.
Legislative reforms targeting legal system abuse and claim fraud in Florida have continued to help stabilize the Sunshine State’ s property/casualty insurance market, contributing to rate-filing reductions by dozens of property and auto insurers operating in the state as claim-related litigation plummets, according to the Insurance Information…
LONDON& NEW YORK—- Acrisure, a global fintech leader, today announces it has completed the acquisition of Vave, a technology-driven property MGA, from Canopius Group. Matt Schweinzger, President of North America Insurance at Acrisure, said:“ We look forward to working with the Vave team starting today to continue expanding their technology-enabled products to…
The following information was released by the Insurance Information Institute:. MALVERN, Pa., April 1, 2026 Legislative reforms targeting legal system abuse and claim fraud in Florida have continued to help stabilize the Sunshine State's property/casualty insurance market, contributing to rate-filing reductions by dozens of property and auto insurers…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Fidelity& Guaranty Life Insurance Company and Fidelity& Guaranty Life Insurance Company of New York. These subsidiaries of Fidelity& Guaranty Life Holdings, Inc., are referred to collectively as Fidelity& Guaranty Life Group. In addition, FGL has financial…
The Insurance Information Institute recently launched a comprehensive awareness campaign in Missouri, highlighting the devastating impacts of legal system abuse on the state’ s consumers and overall economy. Triple-I’s billboard highlights that legal system abuse drives high insurance premiums. “As we continue to be inundated across the U.S. by the likes…
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to Aseguradores Argentinos Compania de Reaseguros S.A.. ACR is a reinsurance company founded in 2012 in Buenos Aires, Argentina, and ranks among the country’ s top reinsurance companies based on gross premiums market share. As of June 2025, property/casualty…
The Insurance Information Institute recently launched a comprehensive awareness campaign in Missouri, highlighting the devastating impacts of legal system abuse on the state's consumers and overall economy. "As we continue to be inundated across the U.S. by the likes of billboard attorneys preying on vulnerable Americans and increasing insurance costs…
In Canada, Shantel Aris has been promoted to Head of Longevity Analysis and Client Engagement, North America. In this expanded role, Shantel will guide the development of longevity analysis programs while enhancing engagement with insurance clients across Canada and the broader North American market. Katherine Pelletier has been named Head of Pensions and…
