SEOUL, South Korea& NEW YORK—- Cybersecurity firm Cyberwrite, backed by Markd VC, has won the prestigious Samsung Financial C-Lab Outside 2025 Global Innovation Competition. Cyberwrite was also honored to win the Popular Vote Award in the Samsung final ceremony in Seoul on Oct 29th, out of 16 finalist companies, recognizing Cyberwrite’s innovative approach to…
Reinsurance
Home to nearly 350 employees, the 26,000- square-foot space- with the potential to expand by an additional 17,000 square feet- reinforces Arch Global Services India's commitment to establishing a long-term presence in India. Arch Global Services India is a wholly owned subsidiary of Arch Capital Group Ltd., a global provider of insurance, reinsurance and…
Lincoln Financial today reported financial results for the third quarter ended September 30, 2025. Strong financial performance in the quarter demonstrates broadening of momentum and balanced growth across all business segments. Third quarter net income available to common stockholders was $411 million, or $2.12 per diluted share. Third quarter…
New Location, Combined with Recent Hyderabad Opening, Reinforces Arch’ s Commitment to Becoming a Meaningful Employer in India. TRIVANDRUM, India—- Arch Global Services India today announced the grand opening of its new office in Trivandrum’ s Technopark. This office opening— in addition to the recent opening of a technology-focused office in Hyderabad— is part…
Axonic Insurance, a global annuity and insurance platform, today announced a $210 million preferred equity investment led by LuminArx Capital Management, a global capital solutions provider, with participation from Deutsche Bank. Axonic Insurance is an innovative insurance platform that designs, distributes, issues, and manages annuity and related…
2025 OCT 29– By a News Reporter-Staff News Editor at Health Policy and Law Daily– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ VERISK” by Michael R. Friscia McCarter& English, LLP, representing Insurance Services Office, Inc. This application was made available to the public on…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Sabal Specialty Insurance Company, Inc.. 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 property, professional liability and other specialty…
NEW YORK& LONDON—- Starr, a global investment and insurance organization, today announced that it has entered into a definitive agreement to acquire IQUW Group. The acquisition of IQUW Group will expand the classes of business that Starr underwrites and will position the combined company for growth across a broader range of global market segments.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Town& Country Life Insurance Company. The outlook of these Credit Ratings is stable. Concurrently, AM Best has withdrawn the ratings as the company has requested to no longer participate in AM Best’ s interactive rating process.
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to“ a” from“ a-” of Work First Casualty Company. The outlook of these Credit Ratings has been revised to stable from positive. The company is licensed in all 50 states and operates through long-term agency partnerships throughout the United States.
Very few know what to do with it. Datavault AI just flipped that equation with something bold, simple, and potentially industry-defining: two new Data Unions that let insurance agents and accounting firms turn the information they already generate into recurring revenue– not for Big Tech, but for the people where the data originates. Companies like Meta, Google,…
Very few know what to do with it. Datavault AI just flipped that equation with something bold, simple, and potentially industry-defining: two new Data Unions that let insurance agents and accounting firms turn the information they already generate into recurring revenue– not for Big Tech, but for the people where the data originates. Companies like Meta, Google,…
Arch Global Services India, a wholly-owned subsidiary of Arch Capital Group Ltd.— a global provider of insurance, reinsurance and mortgage insurance and member of the S&P 500— today announced the grand opening of its new office in Hyderabad. “Hyderabad is globally recognized for its deep pool of IT professionals and vibrant tech ecosystem,” said Prashant Nema,…
Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today announced it has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group. The cover is composed of two…
However, Canada’ s insurers continue to navigate significant challenges, including persistent climate-related risks, challenges in the personal auto sector, partly from rising accident frequency, in addition to economic volatility.“ These pressures are testing the industry’ s resilience and demand continual refinement of underwriting strategies and…
Malcolm, who has more than 35 years’ experience in the London market, joins IGI from Amlin Syndicate 2001. “We are excited to bring Malcolm on board as part of our reinsurance team,” said IGI Chief Underwriting Officer Mr. Chris Jarvis.“ He comes with significant underwriting experience and will be a strong fit as IGI continues to build its treaty reinsurance…
Keep your fingers crossed but it looks like no hurricane or tropical storm will pay Florida a visit this year. Florida's homeowners insurance has been a topic of debate and frustration for years. The Legislature passed some laws in 2022 it believed would help ease the dilemma.
2025 OCT 24– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ MARSH” by Julia K. Sutherland Seyfarth Shaw LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on October 13, 2025.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of CompañĂa Reaseguradora del Ecuador S.A.. Ecua Re was established in 1977 and is the only domestic reinsurer operating in Ecuador. The company benefits from recent regulatory changes in Ecuador allowing primary insurers to cede personal lines business,…
