Top contenders in the state insurance commissioner "s race squared off Friday, March 27 at a Pacific Palisades forum where they discussed wildfire risks and how they would reel in soaring premiums for homeowners in the aftermath of devastating California wildfires. The forum, sponsored by the Palisades Recovery Coalition, invited a narrow field of…
Reinsurance
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of“ aa”, and the Mexico National Scale Rating of“ aaa.MX” of Allianz México, S.A., Compañía de Seguros. It is focused solely on Mexico’ s market, and its insurance portfolio, as of September 2025, was composed of life, P/C and accident and health. Allianz Mexico forms part of the…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa” of Allianz Global Corporate& Specialty Resseguros Brasil S.A.. The outlook of these Credit Ratings is stable. The ratings reflect AGCS Re Brazil’ s strategic importance as a subsidiary of Allianz SE, which on a consolidated basis has a balance sheet strength that…
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a”“ a-” of Ocean International Reinsurance Company Limited. Ocean Re is a Barbados- based reinsurer, licensed as a Class 2 insurance company, which offers a diversified product mix worldwide with a relevant presence in Latin America. Ocean Re’ s regional…
Fishlinger, Chief Executive Officer and Chairman of Gramercy Risk Holdings, spoke extensively about the hurdles he encountered and the knowledge he gained along the way to becoming a transformational figure in public-sector risk financing during the latest Dean's Distinguished Speaker Series event on Wednesday, March 11, 2026, at the University of…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Nan Shan General Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Nan Shan General’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and…
ShoreOne Insurance Managers, Inc. has been acquired by Totalis Program Underwriters. Founded by Cameron Rhodes and Nick Steffey, ShoreOne will continue to operate as an independent business unit within Totalis and Cameron Rhodes will succeed Nick Steffey as chief executive officer. Founded by Cameron Rhodes and Nick Steffey, ShoreOne offers a…
Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced the appointment of Jason Busti as Head of North America Treaty Reinsurance to lead the division’ s treaty reinsurance business across the United States, Bermuda, and Canada. “Jason is a highly respected leader with a deep understanding of the North American reinsurance…
Scott Machut has joined Alliant Insurance Services as Senior Vice President with the Value-Based Healthcare and Risk Management Solutions team within its Employee Benefits Group, where he will focus on strategic growth. “Scott will play an active role in expanding our value proposition for the healthcare delivery market through analytics-driven risk…
Proposed changes in how the Hong Kong Insurance Authority evaluates non-life insurers’ required capital levels around natural catastrophes and man-made risks, as well as offshore reinsurance business, could bolster this geographic market’ s position as a global reinsurance and risk management hub, according to a new AM Best report. The proposed…
The Cayman Islands sits at the heart of a network of British financial jurisdictions. The Cayman Islands has emerged as an unlikely place to fill the gap. But a 2025 Federal Reserve analysis revealed that the total figure was actually closer to $1.4 trillion by the end of 2024— with some estimates reaching as high as $1.85 trillion— after nearly 40 percent of new…
Today, U.S. Senators Jeanne Shaheen, Ranking Member of the Senate Foreign Relations Committee, sent a letter to the CEO of the U.S. International Development Finance Corporation, Benjamin Black, raising serious concerns about the Administration's reported plan to provide up to $20 billion in taxpayer-funded political risk reinsurance for maritime trade…
Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced that it has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada, to The Wawanesa Mutual Insurance Company. This transaction marks another decisive step in Everest’ s strategic repositioning and advances…
NEW YORK& LONDON—- Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, creating a broader, more diversified specialty insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. With IQUW Group, Starr has strengthened its position in the London…
The following information was released by Rainforest Action Network:. Rainforest Action Network responds to DFC's announcement of Chubb as lead partner for the $20 billion Maritime Reinsurance Plan. The Trump administration is using $20 billion in U.S. taxpayer money to backstop oil and gas tankers navigating a war zone and Chubb, the world's largest…
2026 MAR 20– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ CHUBB” by Jenifer DeWolf Paine Fish& Richardson P.C., representing The Chubb Corporation. This application was made available to the public on March 07, 2026.
The global insurance industry is currently operating at a trillion-dollar scale, with the 2025 market valued at $8.33 trillion and projected to climb past $11.6 trillion by 2030. In the U.S. alone, the market stood at $2.27 trillion in 2025, with forecasts pointing toward nearly $4.95 trillion by 2035.. Here, Brad Spurgeon Insurance Agency breaks down the…
Chubb Limited (NYSE: CB) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved -0.7% on the day to $325.67. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, […]
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the Vietnam National Scale Rating of aaa.VN of PVI Insurance Corporation. The outlook of these Credit Ratings is stable. PVI Insurance benefits from good financial flexibility, given its majority ownership by HDI V.a.G.
