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Universal Insurance Holdings reported first quarter 2026 results. Net income available to common stockholders was $54.3 million, compared to net income of $41.4 million in the prior year quarter, and adjusted net income available to common stockholders was $57.8 million, compared to adjusted net income of $41.4 million in the prior year quarter.

The Hartford today announced financial results for the first quarter ended March 31, 2026. The Hartford’s Chief Financial Officer Beth Costello said,“ Business Insurance delivered another strong quarter, with 6 percent written premium growth and an underlying combined ratio of 89.2. In Personal Insurance, the underlying combined ratio improved 4.7 points,…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of ASSA Compañía de Seguros S.A.. ASSA is a subsidiary of ASSA Compañía Tenedora, S.A. and is owned ultimately by Grupo ASSA, S.A., a financial service holding company publicly traded on the Panama Stock Exchange. ASSA is a Panama- based insurer established in 1980…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Reaseguradora América SPC Ltd.. The outlook of these Credit Ratings is stable. RAM Re is a subsidiary of ASSA Compañía Tenedora, S.A. and owned ultimately by Grupo ASSA, S.A., a financial services holding company publicly traded on the Panama Stock Exchange.

The rating upgrades for Louisiana reflect its 100% reinsurance quota share agreement with Southern Farm Bureau Casualty Insurance Company, the lead member of Southern, which was executed successfully, effective April 1, 2026. On that same date, Louisiana demutualized and converted to a stock company, and Southern Casualty purchased all the stock of this…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a+” of Shinkong Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Shinkong Insurance’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile…

AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Ocean Marine Indemnity Company. OMI is a Louisiana- domiciled ocean marine insurer that writes hull& machinery and protection& indemnity coverage for commercial maritime operators, primarily in Louisiana and the Gulf Coast. The company derives substantially…

Heightened killings by terrorists across Nigeria has made it imperative for the federal government to have a re-think on insurers' request for collaboration to provide terrorism insurance cover for Nigerians writes Ebere Nwoji. But Nigeria and some other countries were less concerned about what to do to prevent that from happening or to cover the damages…

PGIM, the global asset management business of Prudential Financial, Inc., has appointed Brian Towers as head of Insurance and Strategic Partnerships. Towers will report to Keshav Rajagopalan, head of Strategic Capital Group, and lead PGIM’ s global effort to deepen and expand its insurance business. PGIM’ s Strategic Capital Group operates at the intersection…

Selective Insurance Group, Inc. reported financial results for the first quarter ended March 31, 2026, with net income per diluted common share of $1.58 and non-GAAP operating income 1 per diluted common share of $1.69. Net investment income increased 18% from a year ago, to $113 million after-tax, generating 13.3 points of annualized ROE in the quarter.

The following information was released by the U.S. House of Representatives Committee on Financial Services:. Today, the House Financial Services Committee is holding a Housing and Insurance Subcommittee hearing, led by Subcommittee Chairman Mike Flood, focused on the importance of reinsurance and credit risk transfer. "Let's say a small mutual insurer…

AM Best has downgraded the Financial Strength Rating to A- from A and the Long-Term Issuer Credit Ratings to“ a-” from“ a” of American Southern Insurance Company, and its wholly owned and 100% reinsured subsidiary, American Safety Insurance Company. Additionally, AM Best has affirmed the FSR of A- and the Long-Term ICRs of“ a-” of Bankers Fidelity Life Insurance Company,…

The risk management event takes place May 3– 6, 2026, at the Philadelphia Convention Center in Philadelphia, PA.. On Monday, May 4, from 2:50 -3: 20 p.m. EDT, Dan Hofmeister, associate director, AM Best, will give a presentation titled,“ Hard Market Reset: The Reinsurance Landscape Ahead.” The session will explore the unfolding dynamics of the global reinsurance market.

Florida Supreme Court elects Couriel as Chief Justice. News Service of Florida Justice John Couriel will be Florida’ s next chief justice, after he was unanimously elected to the post Thursday by his fellow justices on the Florida Supreme Court. The chief justice is the administrative leader of not just the Florida Supreme Court but the entire state court…

W. R. Berkley Corporation today announced the appointment of Christopher T. Reichardt as president of Berkley Oil& Gas. Mr. Reichardt has over 20 years of experience in the oil and gas insurance industry, more than 15 years of which was spent at Berkley Oil& Gas. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley…