Best’s Market Segment Report: Demand for Specialized Expertise Drives Seventh Straight Year of Double-Digit Growth for U.S. Surplus Lines Market
: Total U.S. surplus lines direct premiums written (DPW) reached another record level at nearly $130 billion with a year-over-year increase of 12.3%, notching the seventh straight year of double-digit premium growth for non-adm...
Date: September 9, 2025
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AM Best Downgrades Credit Ratings of UnitedHealth Group Incorporated and Its Subsidiaries; Revises Outlooks to Stable
: AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) and the Long and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of UnitedHealth Group Incorpor...
Date: August 28, 2025
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AM Best Affirms Credit Ratings of AXIS Capital Holdings Limited and Its Operating Subsidiaries
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the operating subsidiaries of AXIS Capital Holdings Limited (Pembroke, Bermuda...
Date: August 28, 2025
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AM Best Releases Revised Criteria Procedure: ‘Rating Captives and Other Alternative Risk Transfer Entities’
: AM Best has released its revised criteria procedure “Rating Captives and Other Alternative Risk Transfer Entities,” (formerly known as “Alternative Risk Transfer”) which is effective immediately.
AM Best initiated a Call fo...
Date: August 28, 2025
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Best’s Market Segment Report: Global Reinsurers Met Cost of Capital for Second Consecutive Year in 2024
: After four years of failing to meet their cost of capital, global reinsurers have now achieved that benchmark for the second straight year, driven in part by strong market performance, according to a new AM Best report.
The...
Date: August 27, 2025
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Best's Market Segment Report: European ‘Big Four’ Reinsurers Maintain Their Risk Appetites
: Europe’s four largest reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—reported strong results in 2024, benefitting from good rate adequacy and continued underwriting discipline on policy terms and attachment points. Acco...
Date: August 21, 2025
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Best’s Market Segment Report: Momentum Remains for Dedicated Reinsurance Capital Beyond Market Peak
: Total dedicated reinsurance capital is projected to grow to USD 649 billion in 2025, following similar-size increases as in the previous two years, according to a new AM Best report.
The Best’s Market Segment Report, “Moment...
Date: August 19, 2025
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Best’s Market Segment Report: Swiss Re’s Adoption of IFRS 17 Shuffles the Top Tier in AM Best’s “World’s 50 Largest Reinsurers” Rankings
: Swiss Re’s adoption of IFRS 17 has resulted in some shifts atop AM Best’s rankings of the world’s largest reinsurers, which differ based on accounting standards.
The Best’s Market Segment Report, “World’s 50 Largest Reinsu...
Date: August 18, 2025
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Best’s Market Segment Report: Reinsurers’ Disciplined Capital Deployment and Underwriting Remain Key Foundations
: A recalibration of the global reinsurance market since the January 2023 renewal period has led to a more-durable market structure characterized by reduced earnings volatility and stronger margins, supporting AM Best’s continu...
Date: August 14, 2025
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AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited’s Senior Unsecured Notes
: AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the recently issued CAD 300 million, 5.1% senior unsecured notes, due August 2055, and CAD 400 million, 4.45% senior unsecured notes, due August 2035...
Date: August 13, 2025
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Best’s Market Segment Report: Improving U.S. Homeowners Results Challenged by January 2025 Wildfires
: Driven by California’s record-setting wildfires in January and tornado outbreaks across other regions, the U.S. homeowners’ insurance segment reported its worst first quarter loss ratio in five years, according to a new repor...
Date: August 7, 2025
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