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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of China Taiping Insurance Company Limited. Evaluated under the HKFRS 17 accounting standard, CTPI’ s capital and surplus improved by 2.4% to HKD 5.3 billion in 2023. The company has maintained a healthy regulatory solvency ratio under the Hong Kong risk-based…

In a year set to be declared the hottest on record, natural disasters caused $310 billion in economic losses globally in 2024, as climate change increasingly takes its toll, Swiss Re said Thursday. "Much of this increasing loss burden results from value concentration in urban areas, economic growth, and increasing rebuilding costs," Balz Grollimund, Swiss Re's…

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of Petrolimex Insurance Corporation. The outlook of these Credit Ratings is stable. The ratings reflect PJICO’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group. At the same time, AM Best has affirmed the Long-Term ICR of“ a” of Securian Financial Group, Inc. and the…

Earnings News Release• Three and twelve months ended October 31, 2024. This quarterly earnings news release should be read in conjunction with the Bank's unaudited fourth quarter 2024 consolidated financial results for the year ended October 31, 2024, included in this Earnings News Release and the audited 2024 Consolidated Financial Statements, prepared…

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Insurance Corporation of Barbados Limited. The outlook of these Credit Ratings is stable. ICBL’ s limited business profile assessment reflects the company’ s business concentration in Barbados.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and its rated insurance subsidiaries. Concurrently, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa-” to HDI Global Select Insurance Company. Additionally, AM Best has affirmed the Mexico…

Factors that could cause actual results to differ materially may be found in the Company's filings with the U.S. Securities and Exchange Commission, in the "Risk Factors" section in the Company's most recent Annual Report on Form. Florida through its wholly owned subsidiary, American Coastal Insurance. AmCoastal has the #1 market share in commercial…

From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. We may make forward-looking statements in this 2024 Annual Information Form…

AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit rating of“ bbb-” of Continental Reinsurance Plc. A further offsetting factor is CRe’ s high exposure to the elevated levels of economic, political and financial system risk associated with its main operating markets in Africa. However, AM Best views these risks to be partially…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of African Reinsurance Corporation. An offsetting factor is ARC’ s exposure to the elevated levels of economic, political and financial system risk that are associated with its main operating markets in Africa. AM Best notes that the company’ s ROE should be viewed…

For the period ended October 31, 2024. For further information, please contact:. The Consolidated Financial Statements are prepared in compliance with International Financial Reporting Standards as issued by the International Accounting Standards Board and International Accounting Standard 34, Interim Financial Reporting unless otherwise noted.

Aon Names Robert O'Connell as Global Cyber Strategy and Growth Leader, Executive Managing Director of Reinsurance Solutions O'Connell brings advanced cyber intellectual property portfolio to Aon from Platform Labs NEW YORK, Dec. 3, 2024- Aon plc, a leading global professional services firm, today named Robert O'Connell as global cyber strategy and growth…

Porch Group, Inc., a homeowners insurance and vertical software platform, today shared details about its upcoming in-person Investor Day, scheduled for December 5, 2024 starting at 9 am Eastern in New York and virtually. The Investor Day marks a milestone for Porch as we share our roadmap we believe will lead to sustained growth, increased profits, and value…

Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country. According to S&P Global Market Intelligence, homeowners insurance increased an average of 11.3% nationwide in 2023, with some states, including Texas, Arizona and Utah, seeing nearly…