American Financial Group, Inc. announced that its Board of Directors approved an increase in the Company’ s regular annual dividend to $3.52 from $3.20 per share of common stock. About American Financial Group, Inc.. American Financial Group is an insurance holding company, based in Cincinnati, Ohio.
Reinsurance
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of Arab Reinsurance Company SAL. Offsetting rating factors include the very high economic, political and financial system risks in Lebanon, where Arab Re is domiciled and holds just under 40% of its invested assets. Nevertheless, the company has increased its…
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb” of Jubilee General Insurance Company Limited. In addition, the rating action considers improvements in the economic, political and financial system risks in Pakistan.
W. R. Berkley Corporation today announced the formation of Berkley Edge, a new business dedicated to providing professional liability and casualty insurance for small to mid-sized businesses. “We are deepening our commitment to the excess and surplus lines market by creating a sustainable platform tailored to small and mid-sized businesses with…
Markel Insurance, the insurance operations within Markel Group Inc., today announced the appointment of Alain Paris as Vice President, Product Line Leader– Primary Casualty, effective immediately. Paris’ appointment marks a significant step as Markel Canada continues to expand its capabilities and build momentum nationwide. “We’ re thrilled to welcome Alain…
“This integration reflects our core mission at INTX, to simplify and modernize the entire insurance lifecycle through powerful, intuitive technology,” said Robert Lewis, CEO of INTX.“ By embedding payments and premium financing directly into the INTX platform, we’ re removing complexity for our clients and delivering a faster, smarter experience for the entire…
The Best’ s Market Segment Report,“ Momentum Remains for Dedicated Reinsurance Capital Beyond the Market Peak,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. AM Best works in conjunction with Guy Carpenter to estimate the total amount of capital supporting the reinsurance industry.
Determined a fully franked interim dividend of 53 US cents per share. Delivered production of 548 Mboe/d and reduced unit production costs to $7.7/ boe. 1 Achieved strong progress on major projects with Scarborough 86%, Trion 35%, and Beaumont New Ammonia 95% complete. Positioned to unlock future value through the final investment decision to develop the…
AIIR Consulting, a global executive coaching and leadership development firm, has earned Gold and Silver in the 2025 Brandon Hall Group™ HCM Excellence Awards for Best Leadership Development Program. PHILADELPHIA, Aug. 18, 2025/ PRNewswire-PRWeb/– AIIR Consulting, a global executive coaching and leadership development firm, has earned two 2025 Brandon Hall…
The figure for Berkshire Hathaway in the fourth paragraph should read: USD 26.9 billion. The Best’ s Market Segment Report,“ World’ s 50 Largest Reinsurers,” is a highly recognized part of AM Best’ s overall look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Among the top five non-IFRS 17 players, the most significant change is…
AM Best is maintaining a negative outlook on Brazil’ s reinsurance market segment, citing in part political uncertainty and tax reform measures that are pressuring industry profitability. However, the Brazilian real has undergone a significant devaluation, reaching 6.18 BRL/ USD, as of 30 December 2024. “Agricultural reinsurance can be considered a natural…
American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company and one of Florida’ s leading providers of residential property insurance, announced today that it has surpassed 400,000 policies in-force— a historic milestone for the Company and a powerful signal to the market. About American Integrity Insurance…
BRISTOL, Va.- New 9th Congressional District candidate Adam Murphy made his first campaign appearance Thursday afternoon in Bristol, listening to the ideas of residents and introducing himself to voters. Murphy, 30, of Roanoke County, is seeking the Democrat nomination to try to unseat U.S. Rep. Morgan Griffith, R- Salem, in the November 2026 general election.
AM Best will participate in a session during the Casualty Actuarial Society’ s fourth annual China Insurance Summit, taking place on Aug. 22, 2025, at the Mingyu Chengdu Dongda Hotel in Chengdu, China. Christie Lee, senior director, head of analytics, will speak at 2:30 p.m. CST in a session titled,“ Reinsurance Market Development Trends.” Additional AM Best…
2025 AUG 14– 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“ 1810” by Cedric DeLaCruz The Hartford Financial Services Group, Inc., representing Hartford Fire Insurance Company. This application was made available to the…
AM Best has upgraded the Financial Strength Rating to B from B- and the Long-Term Issuer Credit Rating to“ bb” from“ bb-” of EFU General Insurance Limited. In addition, the upgrade considers improvements in the economic, political and financial system risks in Pakistan. Further offsetting factors include a high dependence on reinsurance and exposure to a non-rated…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Riverfront Insurance, LLC. Concurrently, AM Best has withdrawn these Credit Ratings as Riverfront has requested to no longer participate in AM Best’ s interactive rating process. The ratings reflect Riverfront’…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Central Reinsurance Corporation. Benefitting from retained operating profits, the company’ s adjusted capital and surplus increased by 8.9% to TWD 22.7 billion in 2024. Central Re’ s reported net profit improved to TWD 2.5 billion in 2024, while the five-year…
PEMBROKE, Bermuda—- AXIS Capital Holdings Limited today announced that Matthew Kirk will be appointed as the Company’ s next Chief Financial Officer effective March 2026, as part of a planned leadership transition. Mr. Kirk, who presently serves as Chief Financial Officer of Enstar Group Limited, joins AXIS with three decades of experience spanning insurance,…
