AM Best also has affirmed the Long-Term ICR of“ a” of Munich Re America Corporation. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of American Alternative Insurance Corporation and The Princeton Excess and Surplus Lines Insurance Company. In addition, AM Best has withdrawn the rating of Munich Re America Corporation as the company has…
Reinsurance
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Farm Mutual Reinsurance Plan Inc.. The outlook of these Credit Ratings has been revised to stable from positive. Established in 1959, Farm Mutual Re is the exclusive reinsurer for 42 members in Canada and accepts each insurer’ s entire…
2026 JUL 22– By a News Reporter-Staff News Editor at Insurance Daily News– Fresh data on Managed Care are presented in a new report. According to news reporting from Ithaca, New York, by NewsRx journalists, research stated,“ The Inflation Reduction Act of 2022 altered the financing of prescription drug purchases for more than fifty-five million Medicare…
SPRINGFIELD, Ill.& CLEVELAND—- Horace Mann Educators Corporation and Medical Mutual of Ohio today announced they have entered into two separate agreements under which Horace Mann will acquire the employee assistance provider Employee Services, LLC through the acquisition of ESI membership interests, and separately, will acquire an individual…
AMERISAFE, Inc., a specialty provider of workers’ compensation insurance focused on high-hazard industries, today announced results for the second quarter ended June 30, 2026. Net investment income decreased 2.4% to $6.5 million for the quarter, driven by lower average investable assets compared to the prior-year period, primarily due to capital returned…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Epsilon Reinsurance Company Ltd.. Epsilon Re is owned by Panama-domiciled Bardigiano Corp., a pure holding company. Since 2024, the company initiated its internationalization process, incorporating operations in Colombia and Dubai.
Odyssey Group Holdings, Inc. today announced leadership changes at its U.S. insurance subsidiary, Hudson Insurance Group. After more than two decades with the Company, Chris Gallagher has decided to retire from Hudson, effective October 1, 2026, to pursue other career opportunities. As part of Hudson’ s succession plan, Trevor Howard will be appointed chief…
Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
State insurance regulators have begun reviewing the first round of reserve adequacy reports required under a new reinsurance guideline.
2026 JUL 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“ SCOR GLOBAL LIFE, LIFE IS PRECIOUS” by James W. Dabney Hughes Hubbard& Reed LLP, representing Scor Se. This application was made available to the public on July 03,…
2026 JUL 20– By a News Reporter-Staff News Editor at Disease Prevention Daily– Current study results on Investment have been published. According to news reporting from Hubei, People’ s Republic of China, by NewsRx journalists, research stated,“ This paper investigates robust optimal reinsurance and investment for an insurer facing both inflation risk and…
AM Best has assigned a Financial Strength Rating of B+, a Long-Term Issuer Credit Rating of“ bbb-” and a Philippines National Scale Rating of aa.PH to MAAGAP Insurance Inc.. The outlook assigned to these Credit Ratings is stable. The ratings reflect MAAGAP’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…
The Travelers Companies, Inc. today reported net income of $2.208 billion, or $10.26 per diluted share, for the quarter ended June 30, 2026, compared to $1.509 billion, or $6.53 per diluted share, in the prior year quarter. Core income in the current quarter was $2.160 billion, or $10.04 per diluted share, compared to $1.504 billion, or $6.51 per diluted share, in the…
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Vietnam National Scale Rating of aaa.VN of Military Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect MIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Atradius Crédito y Caución S.A. de Seguros y Reaseguros, Atradius Trade Credit Insurance, Inc. and Atradius Seguros de Crédito, S.A., which are the main operating subsidiaries of Atradius N.V., the non-operating holding company. The ratings of ACyC, ATCI and…
“Our latest economic forecasts for the P/C industry have improved since earlier this year,” said Michel Léonard, Ph.D., CBE, chief economist and data scientist at the Triple-I.“ P/C underlying growth, a key economic driver of existing and new business premium volume growth, is expected to outpace overall U.S. However, Triple-I continues to see significant risks to…
Underwriting conditions remain favorable across much of the U.S. property/casualty insurance industry as economic drivers stabilize and moderating claims-cost pressures support stronger underwriting results, according to the latest members-only Insurance Economics and Underwriting Projections: A Forward View from the Insurance Information…
KBRA assigns an A- insurance financial strength rating to TruSpire Retirement Insurance Company. Additional credit strengths include capital support from TruSpire’ s indirect parent, Malibu Life Holdings Limited, and TruSpire’ s strategic role as MLHL’ s U.S. retail annuity platform. TruSpire also benefits from an experienced annuity management team and…
The bill would also permanently extend the ACA enhanced premium tax credits that Congressional Republicans allowed to expire at the end of 2025, codify the "family glitch" fix and provide funding for a national reinsurance program policies that Rep. Craig has long championed. Americans are facing skyrocketing insurance premiums following the expiration…
A comprehensive legal system abuse awareness campaign, conducted by the Insurance Information Institute in Georgia in 2025, has been recognized with a Silver Award in the Best Local/Hyperlocal Campaign category of the Bulldog PR Awards. Triple-I recognized the legal system abuse challenges plaguing Georgia and launched a comprehensive campaign in…
