AM Best Affirms Credit Ratings of Global Protection Reinsurance Ltd.
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Global Protection Reinsurance Ltd. (GPR) (Barbados). The outlook of these Credit Ratings (ratings) is ...
Date: November 20, 2025
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State Commerce: Life and Annuity Provider Aspida to Expand in North Carolina, Add 1,000 Jobs
: Life insurance and annuity group Aspida Financial Services intends to begin a phased expansion of its global headquarters in Durham County, North Carolina, over the next several years and will add 1,000 jobs.
The North Ca...
Date: November 20, 2025
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Pension Insurance Appoints Interim Successor to Retiring CEO
: Pension Insurance Corp. plc., a specialist insurer of defined benefit pension schemes, appointed Dom Veney to succeed Tracy Blackwell, chief executive officer, as interim CEO, effective Dec. 31.
Veney is currently chief f...
Date: November 20, 2025
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Africa Re Posts Third-Quarter Profit Hike Despite Higher Claims Activity
: African Reinsurance Corp. posted higher third-quarter net income on premium growth and strong investment results despite what it called global economic uncertainty and large-loss events.
Third-quarter net profit after tax...
Date: November 20, 2025
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Lloyd's Launches Probe Into 'Historic Breaches of Policy'
: Lloyd's began an investigation into what the market calls market speculation about "historic breaches of policy."
"After taking on his role earlier this year, Sir Charles Roxburgh, the chair of Lloyd's, initiated a review...
Date: November 19, 2025
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IGI Chief: Industry Failure to Learn From Prior Mistakes Leaves 'Blood on the Streets'
: Despite some good recent years for the insurance industry, strong profits inevitably lead to greed and increased competition that sheds "blood on the streets," according to International General Insurance Holdings Ltd. Presid...
Date: November 19, 2025
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Managing General Agent Rokstone Launches Cyber Division, Names Industry Vet as Head
: International specialty (re)insurance managing general agent Rokstone said it has launched a cyber division and named a former Ryan Specialty Group executive to lead it.
Rokstone said in a statement creation of the new cy...
Date: November 19, 2025
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AM Best Affirms Credit Ratings of ZEP-RE (PTA Reinsurance Company)
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of ZEP-RE (PTA Reinsurance Company) (ZEP-RE) (Kenya). The outlook of these Credit Ratings (ratings) is s...
Date: November 19, 2025
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AM Best Affirms Credit Ratings of Stellar Insurance, Ltd.
: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Stellar Insurance, Ltd. (Stellar) (Bermuda), an indirectly wholly owned subsidiary of the Saudi...
Date: November 19, 2025
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Zurich CEO: Global Specialty Prospects Ideal Amid Current Uncertainty
: Zurich Insurance Group Ltd. sees big opportunities in a world with growing uncertainties, led by exploding demand in specialty lines for coverage of areas such as data center construction and energy alternatives, its chief ex...
Date: November 19, 2025
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AM Best Affirms Credit Ratings of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni (S2C) (Italy). The outlook of these Credit...
Date: November 19, 2025
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Markel Hires Three Axis Capital Execs for New Construction and Engineering Practice
: Markel Insurance launched its construction and engineering practice within its international division and has named Anna Woolley as director, construction.
Woolley will be responsible for overseeing the construction and e...
Date: November 18, 2025
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MGA SageSure Gets Lloyd's Coverholder, Delegated Claims Administrator Status
: SageSure, a U.S. managing general underwriter focused on catastrophe-exposed markets, said it has received approval from Lloyd's as a coverholder and delegated claims administrator.
SageSure as a coverholder will underwri...
Date: November 18, 2025
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AM Best: Reinsurance Market Well-Positioned for Transition as Rate Softening Emerges
: Mathilde Jakobsen and Ghislain Le Cam, both of AM Best, said adequate pricing and dedicated capital have positioned the reinsurance sector to navigate the transition to a soft market. They spoke with AM Best TV at AM Best's E...
Date: November 18, 2025
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AM Best: Insurers Turn to Diversification, Reinsurance to Manage Climate Risks
: Jessica Botelho-Young, director, analytics, AM Best, said insurers are engaging both traditional and alternative reinsurers. Botelho-Young spoke with AM Best TV at AM Best's Europe Insurance Market & Methodology Briefings – L...
Date: November 18, 2025
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HDI Specialty Posts Nine-Month Income Growth on New Business, Pricing
: HDI Global SE posted higher nine-month net income on new business growth and inflation-related price adjustments.
Nine-month net income rose to €409 million ($473.9 million) from €362 million a year ago. Adjusted for curr...
Date: November 17, 2025
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MGA Augmented UW Appoints Head of Underwriting
: Managing general agent Augmented UW Ltd. has appointment of Luke Overall as head of underwriting.
In his new role, Overall will lead the underwriting team, working closely with brokers and carriers to build data-led portf...
Date: November 17, 2025
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L&G's Retail Business Appoints Willis Towers Watson Exec as Head of Reinsurance, UK Protection
: L&G’s retail business has appointed Donna Cowell to the newly created role of head of reinsurance, U.K. protection.
Cowell will work across both L&G’s retail and group protection businesses to deliver a joined up and eff...
Date: November 17, 2025
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Dale Underwriting, K2 Gain Lloyd's Approval for Special-Purpose Syndicate
: Dale Underwriting Partners and K2 Insurance Services gained in-principle approval from Lloyd's for Syndicate 1954, a new special purpose arrangement.
The SPA will be managed by Dale Managing Agency Ltd. and hosted by Dale...
Date: November 17, 2025
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AM Best Downgrades Credit Ratings of State Farm Mutual Automobile Insurance Company and Affiliates, Takes Various Credit Rating Actions on Subsidiaries
: AM Best has downgraded the Financial Strength Rating (FSR) to A+ (Superior) from A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa+” (Superior) of State Farm Mutual Automobile ...
Date: November 14, 2025
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