AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Ansvar Insurance Limited. The outlook of these Credit Ratings is stable. The ratings reflect Ansvar’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate…
Reinsurance
As the scenario of a higher-than-average hurricane season is again upon us, the property insurance scenarios for homeowners and business owners in Florida are definitely getting better, insurance experts say. Mark Friedlander, a spokesman for the industry association's Insurance Information Institute, said rates are flat or even lowered across the state…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Columbia Mutual Insurance Company, Columbia National Insurance Company and Association Casualty Insurance Company. Concurrently, AM Best has assigned an FSR of A- and a Long-Term ICR of“ a-” to Ozark Specialty…
Arden Insurance Services LLC, a high-growth, tech-enabled managing general agency, today announced the addition of Tim Henry as chief operating officer and Brian Sheekey as chief financial officer. Tim Henry, Chief Operating Officer, Arden Insurance Services LLC. Tim holds a Bachelor of Arts from Brown University and an MBA from Harvard Business School.
CLARA Analytics, a leading provider of artificial intelligence technology for insurance claims optimization, today announced major enhancements to its Claims DocIntel Pro that directly combat the industry’ s mounting losses from bad faith claims and social inflation. The upgraded platform introduces dynamic medical summarization and advanced legal…
The Best’ s Market Segment Report,“ MGA Premiums Show Double-Digit Growth for a Fourth Consecutive Year,” notes that National Association of Insurance Commissioners reporting regulations require that companies disclose individual MGA premium data only for those MGAs whose premium constitutes more than 5% of the risk-bearing entity’ s policyholder…
As the scenario of a higher-than-average hurricane season is again upon us, the property insurance scenarios for homeowners and business owners in Florida are definitely getting better, insurance experts say. Mark Friedlander, a spokesman for the industry association's Insurance Information Institute, said rates are flat or even lowered across the state…
Slide Insurance CEO and founder Bruce Lucas has come under criticism yet again. Lucas and his wife, the company "s chief operating officer and chief risk officer, earned $50.3 million during the second and third years after building Slide on policies transferred from failing insurers and takeouts from state-owned Citizens Property and Casualty Insurance.
In one case, Florida has decided to fight a court ruling that ordered the state to stop allowing the water pollution that has led to record manatee deaths. In the other, a new report shows that home insurance rates are continuing to rise in Florida, despite Tallahassee lawmakers repeatedly telling you they delivered relief. Maxwell: Manatee corpses— the price of…
NEW YORK& SANTA MONICA, Calif.—- Howden Re, the global reinsurance, capital markets, and strategic advisory division of Howden, the global insurance intermediary group, and Rivonia Road Capital, a leading US-based credit investment manager, today announced that they have entered into a Strategic Cooperation Agreement. Rivonia Road Capital will structure and…
SWBC Life Insurance Company and SWBC Property and Casualty Insurance Company are proud to announce that AM Best, a globally recognized credit rating agency focused on the insurance industry, has reaffirmed their A- ratings with a Stable Outlook. SWBC Life Insurance Company, a long-standing provider of credit insurance and reinsurance solutions, proudly…
JAB Insurance today announced that Jin Chang will join the firm in July as a Partner, bringing more than 30 years of insurance experience, most recently as Senior Vice President of Finance at Athene, Apollo Global Management’ s U.S. Insurance and Retirement Business. I am delighted to welcome him as a partner in JAB Insurance as we focus on creating a life insurance…
PEMBROKE, Bermuda—- Arch Reinsurance Group today announced that William Soares has been promoted to President of Arch Reinsurance Ltd., Pierre Jal has been named President of Arch Reinsurance Europe Underwriting dac and David Seyller elevated to Chief Underwriting Officer of Arch Re Europe, all effective immediately. As President of Arch Re Ltd., Soares will…
KKR& Co. Inc. announced today that Adam Smith, Partner and Co-Head of Credit& Markets, will present at the Morgan Stanley US Financials Conference 2025 on Tuesday, June 10, 2025 at 9:00 AM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information about…
Karen Clark& Company is pleased to announce CATLAB ® 2025, taking place in Boston from June 3– 5. The program also highlights KCC’ s engagement in evolving regulatory landscapes, such as the new California review process for wildfire models. Karen Clark& Company provides advanced models, innovative software, and comprehensive consulting services for deeper…
Virginia's innovative reinsurance program for health coverage is reducing the monthly bill for each person covered by an Obamacare policy by nearly $100 a month, the State Corporation Commission reports. By doing this, the SCC projects average monthly bills this year will be $519 for each covered individual, compared with $617 if the program were not in place.
Virginia's innovative reinsurance program for health coverage is reducing the monthly bill for each person covered by an Obamacare policy by nearly $100 a month, the State Corporation Commission reports. By doing this, the SCC projects average monthly bills this year will be $519 for each covered individual, compared with $617 if the program were not in place.
Regulators to vote on disclosure-only reinsurance asset testing guideline
Regulators are set to adopt an asset adequacy testing guideline to add another layer of transparency to major reinsurance deals.
$98: The average amount, per month, that Virginia's reinsurance program for health coverage is reducing the monthly bill for each person covered by an Obamacare policy. The state program reimburses health insurers for some of the costs of relatively large claims for payment from the hospitals, physicians and other health care providers treating…
