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When Miguel Zablah bought his five-bedroom home in Miami’ s leafy Shenandoah neighborhood in June of 2020, he said he paid $7,000 a year for homeowner’ s insurance. The house, built in 1923, sits on high ground and has survived a century of famously volatile South Florida weather. “Some insurance companies are now quoting me at $20,000, $25,000 on my house, which is…

The lofty insurance increases, which come on top of Chicago's soaring North Side real-estate taxes, adds another layer of operating-cost expenses. A shocked owner of a vintage red-brick, mixed-use 4 unit building recently saw his insurance bill zoom a whopping 48.3% to $4, 014 from $2, 706 in 2023. On Dec. 1, 2024, the owner of a historic red brick 6- flat saw the…

Established in 1974, MXIC is a long-standing player in Hong Kong and Macau’ s non-life insurance markets. As of year-end 2023, 62% of its premium is generated from Macau, with the remainder from Hong Kong. Specifically in Macau, MXIC leverages its bancassurance channel which includes one of its affiliated banks to source profitable property damage business.

With rising homeowners insurance rates reaching crisis levels in Louisiana, Gov. The increase comes after two years of spikes more than double that amount that thrust Louisiana into a crisis, which has infiltrated the housing market and pushed some coastal communities to the brink. High insurance costs have morphed into a full-blown threat for communities…

Third Point LLC, an alternative investment manager with $12 billion of assets, today announced that it has entered into a definitive agreement to acquire AS Birch Grove LP, a diversified alternative credit fund manager. Upon consummation of the transaction, expected in Q1 2025, American Securities will no longer be an owner of Birch Grove, which will become a…

AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Gaviota Re S.A.. As of 31 December 2023, the funds Gaviota allocated to the inter-company loans with Repsol represented 58% of the company’ s total assets. In 2023, Gaviota reported after-tax profits of EUR 29.9 million, supported by a strong underwriting performance…

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of“ bbb” of Irwell Insurance Company Limited. The outlook of the FSR is stable. Irwell’ s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation at the strongest level,…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Union Insurance Company P.J.S.C.. The Credit Ratings reflect Union’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and…

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Cowen Reinsurance S.A.. Cowen Re’ s ratings were initially placed under review on June 15, 2023. Additionally, the negative implications status also reflects the negative trend on the company’ s…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of RoyalStar Assurance Ltd.. The outlook of these Credit Ratings is stable. However, the company has a high dependence on reinsurance to manage capital exposure to catastrophic events, as is typical of Caribbean insurers.

On behalf of the Board of Directors and management of Capitol Federal Financial, Inc. ®, we cordially invite you to attend our annual meeting of stockholders. The meeting will be held at 10:00 a.m. local time on Tuesday, January 28, 2025, at the Bradbury Thompson Alumni Center on the WashbuUniversity campus, 1701 S.W. Jewell Avenue, Topeka, Kansas.

Prudential Financial, Inc. announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Wilton Re. Prudential Financial, Inc., a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of September…

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WARREN, New Jersey- December 17, 2024- Everest today announced the appointment of Craig Hanrahan to lead its North America Insurance field operations, overseeing the four United States retail regions: Northeast, South, Central, and West. "Craig is a trusted and collaborative industry leader whose strategic vision, strong relationships, and results-driven…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Conduit Reinsurance Limited. Conduit Re has experienced a favourable reception since its launch in December 2020, and in its fourth year of operation AM Best expects the company to write reinsurance service…

AM Best is maintaining its outlook for Germany’ s non-life insurance segment at negative. In its new Best’ s Market Segment Report,“ Market Segment Outlook: Germany Non-Life Insurance”, AM Best says moderate growth prospects, on an inflation-adjusted basis, continue to be a headwind for insurers in Germany. Headquartered in the United States, the company does…

PEMBROKE, Bermuda—- AXIS Capital Holdings Limited and Enstar Group Limited today announced that they have entered into a loss portfolio transfer reinsurance agreement covering a portfolio of reinsurance segment business. This transaction is predominantly attributable to casualty portfolios related to 2021 and prior underwriting years totaling $3.1…

Today, California Insurance Commissioner Ricardo Lara enforced his "first of its kind" catastrophe modeling and ratemaking regulation, a central part of his Sustainable Insurance Strategy to increase coverage in wildfire-distressed areas of the state. The Department of Insurance posted the final regulation after the Office of Administrative Law filed…