Reinsurance

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Mexico National Scale Rating of“ aa.MX” of Fianzas Avanza S.A de C.V.. The outlook of these Credit Ratings is stable. The company is Mexico- domiciled and began operations in 2017, initially underwriting fidelity insurance.

AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to“ a+” from“ aa-” of Banner Life Insurance Company and William Penn Life Insurance Company of New York collectively referred to as Banner Life Group. The ratings reflect the early stages of Banner’ s…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of KBFG Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings also reflect the wide range of support that the company receives from its parent, KB Insurance Co., Ltd., in areas including underwriting and pricing, business development,…

Advantage Capital Holdings, LLC, a New York- based insurance and financial services company with over $16 billion in assets under management, and funds managed by Oaktree Capital Management, L.P., a leader among global investment managers specializing in alternative investments, have signed a master transaction agreement in which Oaktree plans to acquire a…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Chubb Seguros de Vida Chile, S.A.. Chubb Vida Chile’ s sister company, Chubb Seguros Chile, S.A., focuses on property/casualty businesses. The company’ s operations grew in terms of premium volume, business lines and market share after its strategic alliance with…

Failing to notify insurers can result in denied claims, reduced liability coverage, higher deductibles, or even policy cancellation, according to a new Insurance Information Institute Outlook, Short-Term Rentals and Homeowners Insurance.. “It’ s important for homeowners to understand the potential for coverage gaps to arise when residential dwellings are…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Aseguradora Ancón, S.A.. The outlooks of these Credit Ratings is stable. Ancón, founded in Panama in 1990, is the eighth-largest insurer in Panama, with a market share of 3% as of November 2025.

Office of Management and Budget Director Russ Vought has indicated the Trump administration's intention to "break up" NCAR, calling it one of the main centers of "climate alarmism." But environmental security without NCAR would be like trying to run a marathon blindfolded, without coordinating our feet. The Trump Administration thinks it's in the national…

The following information was released by U.S. International Development Finance Corporation:. The U.S. International Development Finance Corporation today announced that Chubb will serve as the lead partner for DFC's $20 billion Maritime Reinsurance plan designed to resume commercial shipping in the Gulf. DFC reinsurance facility will insure losses…

2026 MAR 11– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Fresh data on Insurance are presented in a new report. According to news reporting from Gainesville, Florida, by NewsRx editors, the research stated,“ In exchange for a payment, insurance companies assume risks from policyholders. The news correspondents obtained a quote from the…

AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to“ aa-” from“ a+” of Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, collectively known as CapSpecialty Insurance Group. CapSpecialty’ s risk-adjusted capitalization, as measured by Best’ s Capital…

The following information was released by the Insurance Information Institute:. Failing to notify insurers can result in denied claims, reduced liability coverage, higher deductibles, or even policy cancellation, according to a new Insurance Information Institute Outlook, Short-Term Rentals and Homeowners Insurance. "It's important for homeowners to…

The following information was released by the Michigan House of Representatives, the Republicans:. Address: 57900 Van Dyke Ave, Washington Township. Over the past several months, I have heard from many residents who are concerned about what a hyperscale data center could mean for Washington Township, including the potential impacts on electricity demand,…

Michael Watson has joined the Board as Executive Chairman, Mark Flaherty joins as an Independent Director, and existing board member Bart Hedges has been named Lead Independent Director. “These appointments reflect where Openly is today and where we’ re headed,” said Ty Harris, CEO and Co-Founder of Openly.“ Michael, Mark, and Bart are exactly the kind of experienced,…

W. R. Berkley Corporation today announced the appointment of Ryan Miller as president of Berkley Southeast. Mr. Miller has more than 25 years of progressive leadership experience in commercial insurance operations, underwriting, and field management. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley…

Twenty companies were shortlisted to present at a Pitch Day at Lloyd’s of London on March 4, and Elysian was one of twelve ultimately selected to join the cohort. The Lloyd’s Lab accelerator pairs selected companies with Lloyd’s managing agents, brokers, and Corporation specialists over a ten-week program to test, refine, and scale solutions for the specialty…

The Trump administration is rolling out a $20 billion reinsurance program for ships that are worried about incurring losses due to the U.S.- Israeli on Iran and retaliatory strikes against oil-rich Gulf states. Oil prices have surged due to Iran’ s clampdown on the Strait of Hormuz, a vital oil artery, and production disruptions across the Middle East.

The following information was released by U.S. International Development Finance Corporation:. U.S. International Development Finance Corporation CEO Ben Black and U.S. Treasury Secretary Scott Bessent today announced agreement on a detailed implementation plan approved by President Trump to deploy Maritime Reinsurance, including war risk, in the Gulf…

Minnesota will need to reapply for the state innovation waiver for its reinsurance program next year, but lawmakers well versed on the topic won't be at the Capitol to do so. Tim O'Driscoll, co-chair of the House Commerce Finance and Policy Committee. Dan Endresen, senior director of policy and government affairs for the Minnesota Council of Health Plans,…