$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…
Reinsurance
KBRA assigns an issuer rating of BBB to The Fortegra Group, Inc. and assigns an insurance financial strength rating of A- to Fortegra Specialty Insurance Company. In addition, KBRA affirms the A- IFSRs for the key U.S. insurance subsidiaries of The Fortegra Group, Inc.: Lyndon Southern Insurance Company; Insurance Company of the South; Response Indemnity Company…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Nacional de Seguros S.A. Compañía de Seguros Generales. Nacional de Seguros began operations in 2014 after acquiring Ecoseguros S.A., a company in voluntary liquidation, with fulfillment and liability insurance licenses granted by the…
INS’ risk-adjusted capitalization remains at the strongest level, as measured by Best’ s Capital Adequacy Ratio, and is supported by a comprehensive and adequate reinsurance program, solid operating performance and its position as the leading insurer in Costa Rica. INS is Costa Rica’ s largest insurer with a market share of 65%, as of December 2024.
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.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of FuSure Reinsurance Company Limited. In March 2025, FuSure received its long-term reinsurance license authorization from the Hong Kong Insurance Authority, expanding its business scope from existing general reinsurance business, and formally became a…
RICHMOND- Virginia's innovative reinsurance program for health coverag e 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…
Virginia's innovative reinsurance program for health coverag e 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.
American Integrity Insurance Group, Inc., a Tampa- based property and casualty insurance holding company, announced today that it has fully placed its 2025-2026 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiary, American Integrity Insurance Company of Florida, Inc., which is effective as of June 1, 2025.
Universal Insurance Holdings, Inc. today announced the completion by Universal Property& Casualty Insurance Company and American Platinum Property and Casualty Insurance Company, the Company’ s wholly-owned insurance company subsidiaries, of their combined 2025-2026 reinsurance program, effective June 1, 2025. To further insulate future years, UPCIC…
The Insurance Information Institute has released its latest issues brief, Legal System Abuse and Attorney Advertising for Mass Litigation: State of the Risk, shedding light on the sharp rise in attorney advertising across the United States and the increasing influence of third-party litigation funding on the legal and insurance landscapes.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Union Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect Union’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate…
Majesco, a global leader of cloud insurance solutions for insurance business transformation, today announced its participation and spot as a Gold Sponsor of Insurtech Insights 2025. Majesco invites insurance leaders to dare to disrupt outdated business operating models and technology foundations to unlock the future of intelligent insurance at Booth…
This comes following a prolonged period of hardened market conditions characterized by steep premium hikes and reduced capacity, as well as rapid growth for Citizens Property Insurance Corporation, the state-run insurer of last resort. AM Best’ s Florida personal property composite is made up of 45 Florida specialist insurers that predominantly…
INTX Insurance Software, a provider of a fully integrated, single solution to the entire P&C insurance policy lifecycle, today announced its official North American launch following 20 years of proven success with insurance clients in the UK, Europe, the Caribbean, Bermuda and Africa. Assembling‘ best of breed’ solutions is no better, requiring complex and…
Novel Financial Holdings LLC, an independent holding company, today announced its formation and the appointment of its executive leadership team. Jacques Bonneau, Chairman: A highly regarded leader in the global re sector, Bonneau most recently served as CEO and President of Partner Re. Rob Bredahl, Chief Executive Officer: With a distinguished career that…
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today a partnership with Everspan Group, the AM Best rated A- carrier, to launch a new Excess program for Petroleum Gasoline Haulers. Offering up to $4 million in excess coverage, the program is available nationwide, except for Massachusetts, Hawaii and Alaska.
BOSTON& MILAN—- Berkshire Hathaway Specialty Insurance today announced the introduction of Miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. We look forward to continuing to grow, hiring talented professionals, launching new products, entering new segments, and expanding our geographical presence throughout…
Lincoln Financial announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’ s common stock. As of March 31, 2025, the company had $312 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, PA., Lincoln Financial is the marketing name for…
