• By A.M. Best   -   Jul 19, 2019

    UNITED INSURANCE ESTIMATES $16 MILLION IN SECOND-QUARTER CAT LOSSES

    United Insurance Holdings Corp. said it incurred an estimated $16 million of net catastrophe losses in the second quarter in addition...

    Insurances, Insurance
  • By A.M. Best   -   Jul 19, 2019

    LLOYD'S STRATEGIC PLAN RAISES QUESTIONS ABOUT BERMUDA'S ROLE

    As Lloyd's pursues a long-term strategy designed to make it more attractive to global insurance customers, a question is beginning...

    Insurance, Insurances
  • By A.M. Best   -   Jul 19, 2019

    LLOYD'S HONG KONG REP: STRATEGY IN ASIA INCLUDES DIGITAL, ACCESSIBILITY FOR INNOVATORS

    Thomas Haddrill, Lloyd's general representative for Hong Kong, said recent announcements by Lloyd's communicate its commitment to reaching...

    Insurance, Asia, Innovations, Innovation, Insurances
  • By A.M. Best   -   Jul 19, 2019

    MODELERS ESTIMATE HURRICANE BARRY LOSSES OF UP TO $600 MILLION

    Insured losses from Hurricane Barry could reach as high as $600 million, according to catastrophe modelers. CoreLogic estimated insured...

    Insurance, Insurances
  • By A.M. Best   -   Jul 19, 2019

    BERKLEY NATIONAL NOT LIABLE TO COVER $38M JUDGMENT, COURT SAYS

    The insurer for an individual whose firm published defamatory stories about a Los Angeles real estate developer - comparing him to...

    Insurance, Insurances, Real Estate
  • By A.M. Best   -   Jul 19, 2019

    INVESTMENT MANAGER SCHRODERS ACQUIRES INSURANCE-LINKED SECURITIES SPECIALIST

    Asset manager Schroders said it acquired the remaining stake of insurance-linked securities firm Secquaero Advisors AG it didn't already...

    Moving, Investment, Investments, Management, Insurances, Invest, Security, Insurance
  • By A.M. Best   -   Jul 19, 2019

    VIG RE NAMES NEW HEAD OF CENTRAL & EASTERN EUROPE

    VIG Re named Ales Mirnik to succeed Petr Stepan as head of Central & Eastern Europe. Mirnik will transition into his new position on...

    Europe
  • By A.M. Best   -   Jul 19, 2019

    GENERALI EXPANDS PORTUGAL PRESENCE WITH ACQUISITIONS OF MULTIPLE-LINE INSURER AND HEALTH CARE SERVICE PROVIDER

    Assicurazioni Generali S.p.A. said it is strengthening its presence in Portugal with the acquisition of a multiple-line insurer and...

    Service, Services, Portugal, Italy, Companies, Insurance, Company, Insurances
  • By A.M. Best   -   Jul 19, 2019

    UK INSURERS ALLEGE ‘DISINGENUOUS' GOVERNMENT MOVE ON OGDEN RATE

    The Association of British Insurers accused the U.K. government of “misleading and wholly disingenuous” conduct with the decision by...

    Rate, Moving, Government, Insurance, Insurances
  • By A.M. Best   -   Jul 19, 2019

    AM BEST REVISES OUTLOOKS TO STABLE FOR WAWANESA GENERAL INS CO; AFFIRMS CREDIT RATINGS OF THE WAWANESA MUTUAL INS CO, L/H SUBS

    AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer...

    Rate, Credit, Credits
  • By A.M. Best   -   Jul 19, 2019

    PHILIPPINE NONLIFE INSURANCE GROUP TO LOBBY AGAINST MINIMUM CAPITAL INCREASE

    Philippine nonlife insurers will lobby against the scheduled increase in companies' minimum capital requirement to 1.3 billion pesos...

    Companies, Insurance, Company, Insurances
  • By A.M. Best   -   Jul 19, 2019

    CNA APPOINTS SENIOR VICE PRESIDENT-CHICAGO BRANCH MANAGER

    CNA has appointed Jeremy Winter as senior vice president, Chicago branch manager. Winters will transition into his new role as of Sept....

    Management
  • By A.M. Best   -   Jul 19, 2019

    HARTFORD FINANCIAL NAMES HEAD OF GROUP BENEFITS

    Hartford Financial Services has named Jonathan Bennett as head of group benefits, succeeding Mike Concannon, who is retiring after...

    Service, Services, Careers, Career
  • By A.M. Best   -   Jul 19, 2019

    CATALINA HOLDINGS ADDS TO GLOBAL MANAGEMENT TEAM

    Catalina Holdings Ltd. has appointed Steve Ryland as chief executive of Catalina UK. Ryland will begin his new role in January 2020,...

    Management
  • By A.M. Best   -   Jul 19, 2019

    TAIWAN NONLIFE PREMIUMS INCREASED 5.7% IN 2018, WITH GROWTH PROSPECTS FOR 2019

    Taiwan's nonlife insurance premium increased 5.7% to NT$165.6 billion in 2018, according to a report from the Taiwan Insurance Institute. Premium...

    Insurance, Insurances
  • By A.M. Best   -   Jul 19, 2019

    BESTWEEK: INDUSTRY FEARS TURMOIL IF NFIP BILL CUTS WRITE-YOUR-OWN COMPENSATION RATE

    Cutting the National Flood Insurance Program's Write-Your-Own compensation rate could spark a mass exodus of insurers participating...

    Insurance, Insurances, Rate, Industry, Industries, Marketing, Market
  • By A.M. Best   -   Jul 19, 2019

    AM BEST REVISES OUTLOOKS TO POSITIVE FOR DPL INSURANCE LIMITED

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer...

    Rate, Insurance, Credit, Credits, Insurances
  • By A.M. Best   -   Jul 19, 2019

    AM BEST AFFIRMS CREDIT RATINGS OF FORTEGRA FINANCIAL CORPORATION'S INSURANCE SUBSIDIARIES

    AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of “a-” of the rated operating subsidiaries...

    Rate, Insurance, Credit, Credits, Insurances
  • By A.M. Best   -   Jul 18, 2019

    FEDNAT SECOND-QUARTER CAT LOSSES TO REDUCE PRETAX INCOME BY $9.3 MILLION

    FedNat Holding Co. said it expects a $9.3 million reduction in second-quarter pretax income due to catastrophe losses. The Florida-based...

    Company, Companies
  • By A.M. Best   -   Jul 18, 2019

    HERITAGE INSURANCE SECOND-QUARTER CAT LOSSES MORE THAN DOUBLE

    Heritage Insurance Holdings Inc. expects $21.5 million in second-quarter net catastrophe losses, more than double the $9.4 million...

    Heritage, Region, Insurances, Insurance