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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Rembrandt Insurance Company, Ltd., a captive insurer of Vitol Holding B.V., a group engaged in the trading of energy-related products. The outlook of these Credit Ratings is stable. The ratings reflect Rembrandt’ s balance sheet strength, which AM Best assesses as…

AM Best will host a market briefing on the state of the U.S. property/casualty and global reinsurance industries in conjunction with the American Property Casualty Insurers Association’ s Annual Meeting, on Monday, Oct. 6, 2025, at 2 p.m. EDT at the JW Marriott Orlando, Grande Lakes in Orlando, FL.. At the market briefing, AM Best Senior Directors and Jacqalene Lentz…

FGH Parent, L.P.,, a leading global reinsurance company, today announced that Fortitude Life Insurance& Annuity Company has entered the market for funding agreement backed notes, with its inaugural offering to institutional investors scheduled to settle Oct. 6, 2025. The Issuer has priced a private offering of $500 million aggregate principal amount of 4.625%…

Ambac Financial Group, Inc., an insurance holding company, today announced it has entered into a definitive agreement to acquire ArmadaCare, a leading supplemental health insurance program manager, from SiriusPoint Ltd. for $250 million. “The addition of ArmadaCare materially accelerates the growth and scale of our distribution platform, strengthens…

Pacific Life announced today that it has added a new flexible premium universal life insurance product to its lineup. Pacific Venture UL 2 1 provides a robust set of choices and replaces the Versa-Flex Venture UL 2 product. “Pacific Venture UL 2 can be thought of as the Swiss Army™ knife of ULs— it’ s versatile and can support a wide range of customer needs,” says Sim Zady,…

AM Best will be represented by William Mills, senior director, market development, EMEA and Stanislav Stoev, senior financial analyst. Delegates interested in meeting with AM Best to understand more about its rating and assessment services, as well as its research and insurance insights, can schedule a meeting by contacting Charlotte Shoesmith at…

AM Best has downgraded the Financial Strength Rating to A- from A and the Long-Term Issuer Credit Rating to“ a-” from“ a” of Nissan Global Reinsurance, Ltd.. The neutral business profile considers NGRe’ s strategic role as a captive insurer for its parent, Nissan Motor Co., Ltd.. The downgrades reflect moderate weakening in the parent company’ s credit profile, driven by…

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Samsung Property& Casualty Insurance Company, Ltd.. The company was a wholly owned subsidiary of Samsung Fire& Marine Insurance Co., Ltd. until 2022, during which time Shenzhen Tencent Domain Computer Network Company Limited, an affiliate of Tencent Holdings…

Majesco, the insurance industry’ s foremost innovator in cloud-native, AI-driven software, announced today that it has been positioned by Gartner as a Leader in the September 2025 Gartner ® Magic Quadrant™ for SaaS P&C Insurance Core Platforms for its offering, Majesco P&C Intelligent Core Suite. This recognition marks the sixth time Majesco has been named a…

AM Best- rated U.S. property/casualty mutual insurance companies posted net income of $26.0 billion in 2024, as compared with a $10.8 billion net loss in 2023, according to a new report. The new Best’ s Market Segment Report,“ Profitable Results for US Property/Casualty Mutuals Owed to Improved Rate Adequacy,” states that the improved 2024 results were aided by…

New Energy Risk, a specialist in technology performance insurance with more than a decade of experience underwriting complex technology projects, today announced its first tax credit insurance transaction. In partnership with the Tax Insurance brokerage group at Alliant Insurance Services, NER has bound its first tax credit insurance policy in support…

2025 SEP 19– 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“ RELIANCE MATRIX” by Christina D. Frangiosa Neal& McDevitt, LLC, representing Reliance Standard Life Insurance Company. This application was made available to the…

NEW YORK& CARLSBAD, Calif.—- Leading global investment firms KKR and Onex today announced that Onex Partners will acquire Integrated Specialty Coverages, a tech-enabled insurance platform dedicated to designing, underwriting, and distributing insurance solutions. "It’ s been an extraordinary journey partnering with ISC’ s employees and leadership team,…

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Ratings of“ bbb-” of Azuaga- Companhia de Seguros S.A.. The company is a wholly owned subsidiary of Corporación Financiera Azuaga, S.L., a conglomerate holding company. Azuaga’ s limited business profile assessment reflects its position as a small monoline insurer, focusing…

AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Samsung Fire& Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire& Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd. and Samsung Reinsurance Pte. Ltd.. Concurrently, AM Best has affirmed the FSR of A-, the Long-Term ICR of“ a-”, and…

kWh Analytics, the market leader in Climate Insurance, today announced the successful close of a parametric Wind Proxy Hedge risk transfer deal, this time for a 79 MW wind project in Virginia developed by Apex Clean Energy. "Implementation of the Wind Proxy Hedge structure went smoothly, and we are evaluating this product on additional projects," commented a…