Summit, a leading superregional provider of workers’ compensation insurance services, is pleased to announce that Chris Neyrey has been named vice president of the company’ s Southwest Region. He succeeds Hank Chiles, who will retire in July 2026 after an incredible 36- year career with Summit. James Wood, Summit’ s president and CEO, remarks,“ Chris brings…
Reinsurance
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of B and the Long-Term ICRs of“ bb+” of Ocean Harbor Casualty Insurance Company and its affiliates, Great Northwest Insurance Company and Hawaiian Insurance and Guaranty Insurance Company, Limited. The outlook of the FSR is…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Etiqa General Insurance Berhad. The outlook of these Credit Ratings is stable. In addition, the ratings factor in the neutral impact from the company’ s ultimate majority owner, Malayan Banking Berhad, one of the largest financial services groups incorporated,…
AM Best has affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Rating of“ b+” of Ghana Reinsurance PLC. Risk-adjusted capitalisation deteriorated at year-end 2024, but is expected to have rebounded by year-end 2025, in part due to the improved credit quality of investments in Ghana. Although economic conditions in Ghana have improved…
2026 JAN 29– 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“ TURVI” by Benjamin P. Harbuck Dentons US LLP, representing Crawford& Company. The registrar information for this application is: Benjamin P. Harbuck Dentons US LLP,…
Selective Insurance Group, Inc. reported financial results for the fourth quarter ended December 31, 2025, with net income per diluted common share of $2.52 and non-GAAP operating income 1 per diluted common share of $2.57. Net investment income increased 17% from a year ago, to $114 million after-tax, generating 13.6 points of annualized ROE in the quarter.
“The Hartford delivered an outstanding year, with core earnings of $3.8 billion and a core earnings ROE of 19.4 percent,” said The Hartford’ s Chairman and CEO Christopher Swift.“ Results were driven by excellent performance in Business Insurance, which once again generated robust top-line growth at highly profitable margins, a pivotal year in Personal…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Spinnaker Insurance Company and its 100% reinsured subsidiaries, Spinnaker Specialty Insurance Company and Wingsail Insurance Company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of“ bbb” on the $50 million, 9.5% surplus notes, due in…
KKR& Co. Inc. announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities 2026 Financial Services Conference on Tuesday, February 10, 2026 at 2:40PM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional…
Located at 1111 Brickell Ave., 10 th Floor, Miami, FL, the new hub strengthens Allianz Commercial’s presence in Latin America and enhances its ability to deliver facultative reinsurance and commercial insurance solutions across Property, Construction& Natural Resources, Entertainment, Financial Lines, Marine, and Multinational Services..
As Senior Vice President, Ms. Nixon will be working directly with insurers and reinsurers to ensure KCC’ s advanced modeling technology and applications continue to deliver high value as the market needs evolve. Later in her career, Ms. Nixon was CUO and then CEO of a Florida insurer. During her time in Bermuda, Ms. Nixon was the original founder of the Women in…
Members of AM Best’ s insurance ratings division will share their views on the European insurance and reinsurance markets at its annual market briefing taking place in Paris on Tuesday, 10 March 2026. Florence Lustman, president of the French Insurance Federation, will deliver comments during the half-day morning programme. Headquartered in the United…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to CareSource Reinsurance LLC. CareSource Re is a captive subsidiary of CareSource, a not-for-profit managed care company headquartered in Dayton, OH. CareSource is one of the largest Medicaid managed care organizations in the nation.
The following information was released by the Insurance Information Institute:. Winter storms swept through a large swath of the U.S. this weekend, bringing heavy snow, ice, and freezing temperatures, and leaving homeowners, drivers, and businesses to contend with property damage, financial losses, and other disruptions. In comparison, the 2021 Polar Vortex,…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Halldora Re Ltd. The outlook assigned to these Credit Ratings is stable. The company was founded in 2025 by Arrow Global Group Limited, a pan-European asset management group, and is backed by institutional investors and funds managed by the group.
New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute’ s latest Outlook, New York Personal Auto Insurance Premium and Cost Drivers.. Triple-I estimates New Yorkers allocated 2.23%…
The following information was released by the Insurance Information Institute:. MALVERN, Pa., Jan. 26, 2026 New York households paid an estimated $1,935 on average for personal auto insurance in 2024, the highest level on record for the state and the fourth-highest expenditure nationwide, according to the Insurance Information Institute's latest Outlook,…
The briefings are scheduled for 3 March 2026 in Munich at the Mandarin Oriental hotel, and in Cologne on 4 March 2026 at the Excelsior Hotel Ernst. To register, or for more information, please visit AM Best’s Insurance Market Briefing– Munich, Cologne. Headquartered in the United States, the company does business in over 100 countries with regional offices in…
After years of losses, fortunes have changed in boardrooms in Bermuda and London. An extraordinary spate of wildfires, hurricanes and other disasters wreaked havoc on the reinsurance industry for several years, spurring wide-reaching effects that included surging insurance bills for Louisiana homeowners. "Reinsurers have been doing well the past few…
