AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….
Reinsurance
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement. These companies are members of Berkshire Hathaway…
PEMBROKE, Bermuda—- AXIS Capital Holdings Limited today announced that it has launched AXIS Capacity Solutions, a new business unit dedicated to developing and supporting structured, and multi-line portfolio capacity deals on both a facilitated and delegated basis. Mr. Murie, a +15 years Chartered Accountant, has served as Global Head of Underwriting…
Ategrity Specialty Insurance Company Holdings today announced financial results for the quarter ended June 30, 2025. The Company reported net income attributable to stockholders of $17.6 million, or $0.39 per diluted share, compared to $4.9 million, or $0.14 per diluted share, in the prior-year period. Gross written premiums increased 32.3% to $167.5…
The August issue of Best’ s Review examines the casualty reinsurance sector:. “Standing the Test of Time— 2025 Edition” lists property/casualty and life/health insurers that have maintained a Best’ s Financial Strength Rating of A or higher for more than 50 and 75 years.“ New Captives Emerge While Some Play Catch-Up Amid‘ Transitional’ Market” looks at how captives…
AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of“ a” of Aspen Insurance UK Limited, Aspen Bermuda Limited, Aspen American Insurance Company and Aspen Specialty Insurance Company. The ratings of AIUK, ABL, AAIC and ASIC reflect their integration in and strategic importance to Aspen. Aspen has a track record of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Privilege Underwriters Reciprocal Exchange and PURE Specialty Exchange. These insurance entities comprise PURE Insurance Group. TMNF’ s support of PURE Insurance Group aligns with TMHD’ s strategy of expanding its international business through…
Stone Ridge Holdings Group, a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy, entered into a definitive agreement to acquire a major portfolio of Oklahoma energy assets from ConocoPhillips for approximately $1.3 billion. This marks SRE’ s second…
Aspen Insurance Holdings Limited today reported results for the three and six months ended June 30, 2025. Fee income from Aspen Capital Markets delivered strong growth through the last quarter, providing underwriting expertise to third-party capital investors while also enabling Aspen to further manage net exposures and volatility within our…
Ambac Financial Group, Inc., an insurance holding company, today reported its results for the Second Quarter 2025.. Insurance Distribution Total revenue grew to $33 million for the quarter, an increase of 148% Net loss to Shareholders of$ million for the quarter Adjusted EBITDA of $5 million for the quarter, up 91% Adjusted EBITDA to Shareholders of $3 million…
Brighthouse Financial, Inc. announced today its financial results for the second quarter ended June 30, 2025. The company reported net income available to shareholders of $60 million in the second quarter of 2025, or $1.02 per diluted share, compared with net income available to shareholders of $9 million in the second quarter of 2024, or $0.12 per diluted…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of International Traders Insurance Co., Ltd.. The company is domiciled in the Turks and Caicos Islands and has a portfolio of business written worldwide. The company has a representative office in Panama, through which it provides clients access to the Latin…
Best’s Market Segment Report: Improving U.S. Homeowners Results Challenged by January 2025 Wildfires
Driven by California’ s record-setting wildfires in January and tornado outbreaks across other regions, the U.S. homeowners’ insurance segment reported its worst first quarter loss ratio in five years, according to a new report from AM Best. The direct incurred loss ratio for the U.S. homeowners’ insurers spiked to 102.1% in the first quarter of 2025, which is…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Heartland National Life Insurance Company. HNL has traditionally used extensive reinsurance to share risk and manage capital strain as it executes its growth initiatives under its strategic plan and…
American International Group, Inc. today reported financial results for the second quarter ended June 30, 2025. This growth was driven by higher underwriting income of $626 million, higher net investment income* of $955 million, and disciplined capital management,” said Peter Zaffino, AIG Chairman& Chief Executive Officer. Against this backdrop, General…
MetLife, Inc. today announced its second quarter 2025 results. Supplemental slides for the second quarter of 2025, titled“ 2 Q25 Supplemental Slides” are available on the MetLife Investor Relations website at https://investor.metlife.com and in the Form 8- K furnished by MetLife to the U.S. Securities and Exchange Commission in connection with this…
PEMBROKE, Bermuda—- Hamilton Insurance Group, Ltd. today announced the appointment of Russ Buckley as Group Chief Risk Officer. He will succeed current Group Chief Risk Officer Alex Baker who, as the Company recently announced, has been appointed Chief Executive Officer, Hamilton Global Specialty, effective September 1, 2025, subject to regulatory approval.
Primerica, Inc. announced financial results for the quarter ended June 30, 2025. The Company reported total revenue of $793.3 million, net income of $178.3 million and net earnings per diluted share of $5.40 during the second quarter of 2025. During the second quarter of 2024, the Company reported total revenue of $791.0 million, net income from continuing…
MetLife, Inc. today announced that John McCallion, executive vice president and chief financial officer, and head of MetLife Investment Management, has provided a second quarter 2025 financial update video. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities,…
