ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability, today reported net income of $21.9 million, or $0.42 per diluted share, and operating income of $26.8 million, or $0.52 per diluted share, for the three months ended June 30, 2025. For the six months ended June 30, 2025, net income was…
Reinsurance
Assurant, Inc., a premier global protection company that safeguards and services connected devices, homes and automobiles in partnership with the world’ s leading brands, today announced results for the second quarter ended June 30, 2025. “We delivered very strong second quarter results fueled by growth across both Global Housing and Global Lifestyle.
Porch Group, Inc., a new kind of homeowners insurance company, today reported second quarter results through June 30, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders 1 second quarter 2025 revenue of $107.0 million. Net income attributable to Porch was $2.6 million, and Adjusted EBITDA was $15.6…
AM Best has affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of“ bb-” of Life Insurance Company Kommesk-Omir JSC. A partially offsetting rating factor is the relatively low credit quality of Kommesk’ s investment portfolio, reflecting its concentration in its domestic market, which exposes the company to the high levels of…
Bowhead Specialty Holdings Inc., a specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, today announced financial results for the second quarter ended June 30, 2025.. Gross written premiums increased 32.4% to $232.4 million. Net income of $12.3 million, or $0.36 per diluted…
Moody’s Wildfire Risk Model Successfully Completes California Department of Insurance Review Process
Moody’ s Corporation announced today that the Moody’ s RMS U.S. Wildfire Model v2.0 has successfully completed the review process established by the California Department of Insurance. The Moody’ s RMS U.S. Wildfire Model v2.0 represents a major advance in capturing the complexities of wildfire behavior, including extreme urban conflagration events.
W. R. Berkley Corporation today announced the appointment of Wayne Ashley as president of Berkley Re UK Limited effective October 2025. Clare Himmer will continue as Berkley Re UK’ s chief executive officer with the expectation that Mr. Ashley will succeed her as CEO upon her retirement at the end of 2025.. W. Robert Berkley, Jr., president and chief executive officer…
Howden, the global insurance intermediary group, today announces the appointment of Mike Parrish as Chief Executive Officer, Howden U.S., and of Jim Hays as Vice Chairman, Howden Group Holdings. Mike will build a next-generation U.S. retail broking business for clients and talent, bringing Howden’ s unique employee-ownership driven and client-centric model to…
The California Department of Insurance continued the momentum toward improving insurance options statewide. That ends now, "said Insurance Commissioner Ricardo Lara. "We are on time and on target for bringing insurance options back to all parts of California."
AM Best has assigned a Preliminary Credit Assessment to Sabal Specialty Insurance Company, Inc. with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of“ a-” pca. Sabal Specialty, formed in 2024, is a specialty insurer focused on the U.S. excess and surplus lines market. The company is expected to underwrite business in specialty…
Concurrently, AM Best has affirmed the FSRs of A and the Long-Term ICRs of“ a+” of Beazley Insurance Designated Activity Company, Beazley Insurance Company, Inc., Beazley America Insurance Company, Inc., and Beazley Excess and Surplus Insurance, Inc.. The ratings of BIDAC, BICI, BESI and Beazley America also reflect the consolidated balance sheet strength of…
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Professionals Advocate Risk Retention Group, Inc., a new subsidiary of Medical Mutual Liability Insurance Society of Maryland. The outlook assigned to these Credit Ratings is stable. ProAd RRG was established on January 1, 2025, and was capitalized by Med Mutual’ s…
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today the successful completion of its previously disclosed transaction with Equitable Holdings, Inc. to reinsure a diversified block of life insurance products. Reinsurance Group of America, Incorporated is a global industry leader specializing in life…
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Jordan Insurance Company Plc.. The outlook of these Credit Ratings is stable. The company reported a net profit of JOD 2.3 million in 2024, primarily driven by the profitability of its life portfolio, while challenging market conditions in Jordan and the…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Lloyd’ s, Lloyd’ s Insurance Company Limited and Lloyd’ s Insurance Company S.A.. Capital adequacy is supported by a robust risk-based approach to setting member-level capital and Lloyd’ s Central Fund, which is available to meet the policyholder obligations of…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty subsidiaries of The Hanover Insurance Group, Inc., which are collectively referred to as The Hanover. Additionally, AM Best has affirmed the Long-Term ICR of“ bbb+” and all Long-Term Issue Credit Ratings of The Hanover Insurance Group,…
Lincoln Financial today reported financial results for the second quarter ended June 30, 2025. Strong performance in the quarter was driven by an increasingly diversified earnings mix and disciplined execution on strategic and financial objectives. Second quarter net income available to common stockholders was $688 million, or $3.80 per diluted share….
Wole Coaxum informed Selective Insurance Group, Inc. today of his resignation from the Board of Directors, effective immediately. “On behalf of the Board and the entire team, I want to express my deep gratitude to Wole Coaxum for his significant contributions to Selective,” said John J. Marchioni, Chairman, President and Chief Executive Officer.“ Wole brought us a…
Guaranty Income Life Insurance Company, a leading fixed and indexed annuity carrier, has been named to the prestigious Ward’ s 50 list of top-performing life and health insurance companies for 2025. Ward benchmarks the financial performance of nearly 700 life and health insurers across the country, selecting the top 50 based on outstanding results in safety,…
