Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, announced today that Ruby Reinsurance Company, a Missouri- domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital. Combined with the initial investments from Golub Capital, Hudson…
Reinsurance
Aegis Executive Risks, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today the launch of their Management Liability insurance program. "We are thrilled to expand K2’ s and Aegis General Insurance Agency’s presence in the specialty lines space,” said Jeff Hirsch, President of Aegis Executive Risks.“ This launch would not be…
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY.
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK.
STATEMENT AS OF SEPTEMBER 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF SEPTEMBER 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY.
Appoints Nina Corbo to Lead U.S. Primary Casualty; Debbie Weiser to Lead U.S. Excess Casualty. WARREN, New Jersey- November 12, 2024- Everest Insurance ®, the insurance division of Everest Group, Ltd., today announced two key leadership appointments to the Company's U.S. Casualty business, reporting to Bill Hazelton, Executive Vice President of Everest Insurance…
Ambac Financial Group, Inc., a financial services holding company, today reported its results for the quarter ended September 30, 2024. Net loss of$ million or$ per diluted share and Adjusted net loss of$ million or$ per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium…
THE COMPANY OVERVIEW OF PERFORMANCE INVESTMENTS ANALYSIS OF FINANCIAL RESULTS ANALYSIS OF FINANCIAL POSITION OUTLOOK LIQUIDITY AND CAPITAL RESOURCES RELATED PARTY TRANSACTIONS MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS MATERIAL ACCOUNTING POLICIES AND RECENTLY ADOPTED AND PENDING ACCOUNTING PRONOUNCEMENTS QUARTERLY FINANCIAL…
PEMBROKE, Bermuda—- Somerset Reinsurance Ltd., a leading provider of reinsurance solutions to the life insurance and annuity market, is delighted to announce the appointment of Riley LaTour as Chief Risk Officer with immediate effect. He majored in Actuarial Science at the University of Wisconsin– Eau Claire, graduating with a Bachelor of Science with Honors.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to“ a-” from“ bbb+” of Peace Hills General Insurance Company. The company’ s loss experience has remained favorable compared with industry averages in its core product lines of automobile, personal property and commercial property insurance in Alberta and British…
Emerald Bay Risk Solutions, a collaborative underwriting carrier, today announced a strategic partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group comprising a large portfolio of high-end residential and commercial real estate properties as its members, to launch its inaugural casualty program. The program will provide…
But now they've seen enough cyber incidents to understand what payouts cost them, said Alan Shark, executive director of the Public Technology Institute. The Association of Washington Cities offers a risk management pool to its local government members, while covering some risk through reinsurance. And while cyber plans often used to exclude coverage for…
It should be read in conjunction with documents filed with the Securities and Exchange Commission by SiriusPoint Ltd., including the Company's Quarterly Report on Form 10- Q. Unless the context otherwise indicates or requires, as used in this financial supplement references to "we," "our," "us," the "Company," and "SiriusPoint" refer to SiriusPoint Ltd. and its directly…
AM Best is maintaining a stable outlook on the New Zealand non-life insurance segment, citing solid premium growth supported by rate adjustments, particularly in the property, motor and commercial segments, despite a challenging economic environment. The Best’ s Market Segment Report,“ Market Segment Outlook: New Zealand Non-Life Insurance,” also notes…
Lawsuits against insurers in Florida have continued to decline in 2024 following reforms enacted two years ago. For the second straight year, the number of lawsuits filed against insurers during the first three quarters declined by 23.8%— from 36,639 to 27,923— compared to the same period last year, according to data compiled from public records by Guy…
Brighthouse Financial, Inc. announced today that it has completed a reinsurance transaction with a third party to reinsure a legacy block of the company’ s fixed and payout annuities. “This transaction reflects our ongoing progress against several strategic initiatives designed to improve capital efficiency, unlock capital and return to our target…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company, which operate under a pooling agreement, collectively referred to as Philadelphia Insurance Companies. The ratings also consider the operational,…
The ratings also reflect the support received from its sister company, Reaseguradora Patria, S.A., the lead company of the Peña Verde group and a well-known reinsurer in Latin America. As of June 2024, Peña Verde had equity of USD 744 million and premiums of USD 464 million. Patria US is considered a new company formation as it began operations in February of 2023,…
The ratings also recognize Genseg’ s affiliation and strategic importance to its ultimate parent, Peña Verde, S.A.B., a leading group in Mexico’ s insurance and reinsurance industries, which provides synergies and operating efficiencies, as well as the reinsurance support from an affiliated company, Reaseguradora Patria, S.A.. Genseg initiated operations in…
