• By A.M. Best   -   Jan 18, 2019

    AM BEST REMOVES FROM UNDER REVIEW AND AFFIRMS CREDIT RATINGS OF KEMPER CORPORATION AND MOST OF ITS SUBSIDIARIES AND AFFILIATES

    AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term...

    Rate, Credit, Credits
  • By A.M. Best   -   Jan 18, 2019

    SWISS RE NAMES UK CHAIRMAN TO PROVIDE GUIDANCE ON REASSURE IPO

    Swiss Re said it named Archie Kane as nonexecutive chairman of the board of directors of ReAssure plc, its U.K.-based closed book business,...

    Business
  • By A.M. Best   -   Jan 18, 2019

    AIG'S ALPHACAT UNIT IN NONSTANDARD AUTO INSURANCE-LINKED SECURITIES DEAL

    American International Group Inc.'s AlphaCat Managers Ltd. and Ledger Capital Markets LLC announced what they said is a direct securitization...

    Management, Insurances, Insurance, Security, Market, Marketing
  • By A.M. Best   -   Jan 18, 2019

    AM BEST ASSIGNS ISSUE CREDIT RATING TO THE WESTERN AND SOUTHERN LIFE INSURANCE COMPANY'S FORTHCOMING SURPLUS NOTES

    AM Best has assigned a Long-Term Issue Credit Rating of “a+” to the forthcoming $500 million 5.150% surplus notes due 2049 to be issued...

    Rate, Insurance, Insurances, Credit, Company, Life Insurance, Companies, Credits
  • By A.M. Best   -   Jan 18, 2019

    ALLIANZ SE PROMOTES EXECUTIVES TO KEY COMMERCIAL LINES, HEALTH ROLES

    Allianz SE announced three senior appointments, including a new chief financial officer for the group's corporate lines affiliate and...

    Insurances, Insurance
  • By A.M. Best   -   Jan 18, 2019

    EMC ESTIMATES $18.5 MILLION IN FOURTH-QUARTER PRETAX CATASTROPHE LOSSES

    EMC Insurance Group Inc. incurred $18.5 million in estimated pretax catastrophe and storm losses in the fourth quarter, it said in...

    Insurance, Insurances
  • By A.M. Best   -   Jan 18, 2019

    WORKERS' COMPENSATION CARRIER NORMANDY EXPANDS TO TEXAS

    Workers' compensation carrier Normandy Insurance Co. is now offering coverage in Texas, its fourth expansion in two years. It plans...

    Insurances, Insurance
  • By A.M. Best   -   Jan 18, 2019

    ARGO ANTICIPATES $44 MILLION IN 4Q LOSSES, INCLUDING $32 MILLION RELATED TO HURRICANE MICHAEL, CALIFORNIA WILDFIRES

    Argo Group International Holdings Ltd. said it is estimating pretax catastrophe losses of $32 million for the fourth quarter, related...

  • By A.M. Best   -   Jan 18, 2019

    KOREA'S SHINHAN GROUP WINS APPROVAL TO ACQUIRE MAJORITY STAKE IN ORANGE LIFE

    Shinhan Financial Group has received approval from the Korean Financial Services Commission for its majority acquisition of Orange...

    Service, Services, Insurances, Insurance, Life Insurance
  • By A.M. Best   -   Jan 18, 2019

    PHILIPPINES, ASIAN DEVELOPMENT BANK TO DEVELOP PARAMETRIC DISASTER INSURANCE POOL

    The Philippines and the Asian Development Bank are co-developing a parametric disaster insurance pooling facility meant to give local...

    Insurance, Insurances, Fund, Bank, Banks
  • By A.M. Best   -   Jan 18, 2019

    BESTWEEK: PARTNERRE SAYS LOSS ADJUSTMENT EXPENSES, REOPENED CLAIMS SHADOWED 2017 CATS

    Hurricanes Harvey, Irma and Maria made 2017 one of the most costly storm seasons on record for insurers and reinsurers, and the first...

    Unusual, Insurance, Insurances
  • By A.M. Best   -   Jan 18, 2019

    MARSH & MCLENNAN APPOINTS CEO AT CONSULTING AFFILIATE MERCER

    Marsh & McLennan Cos. has appointed Martine Ferland as chief executive officer of global consulting affiliate Mercer, effective March...

    Consulting
  • By A.M. Best   -   Jan 18, 2019

    AM BEST AFFIRMS CREDIT RATINGS OF NIPPON LIFE INSURANCE COMPANY AND ITS SUBSIDIARY

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of “aa-” of Nippon Life Insurance Company....

    Rate, Insurance, Insurances, Credit, Company, Life Insurance, Companies, Credits
  • By A.M. Best   -   Jan 18, 2019

    AM BESTTV: AM BEST DIRECTOR DISCUSSES FACTORS BEHIND RAISED ESTIMATE FOR INSURANCE ASBESTOS AND ENVIRONMENTAL EXPOSURES

    In this episode of AM BestTV, Brian O'Larte, director, AM Best, discusses a recent market segment report that examines insurers' obligations...

    Marketing, Insurances, Insurance, Market
  • By A.M. Best   -   Jan 17, 2019

    AXS CAPITAL NAMES CHIEF INFORMATION OFFICER

    Axis Capital Holdings Ltd. said it has hired Keith Schlosser as chief information officer. Schlosser will lead the company's global...

    Technology, Technologies, Company, Companies
  • By A.M. Best   -   Jan 17, 2019

    MICHIGAN BILL WOULD REFORM NO-FAULT AUTO, ALLOW OLDER DRIVERS TO OPT OUT OF UNLIMITED MEDICAL

    A bill introduced in the Michigan Senate would impose significant cost-containment controls on the state's no-fault automobile insurance...

    Insurance, Insurances
  • By A.M. Best   -   Jan 17, 2019

    NEW YORK ATTORNEY GENERAL SEEKS DISMISSAL OF NRA LAWSUIT

    New York Attorney General Letitia James has asked a federal judge to dismiss a portion of a lawsuit filed by the National Rifle Association,...

    New York
  • By A.M. Best   -   Jan 17, 2019

    PERILS: FINAL LOSS ESTIMATE FOR EUROPEAN STORM FRIEDERIKE IS US$1.90 BILLION

    Perils AG placed its fourth and final estimate of insured property losses for extratropical cyclone Friederike as €1.672 billion . The...

    Property, Places, Data, Insurances, Insurance
  • By A.M. Best   -   Jan 17, 2019

    IBC: STORM LOSSES COST CANADIAN INSURERS C$1.9 BILLION, FOURTH-HIGHEST ANNUAL TOTAL

    Severe storms caused C$1.9 billion in insured losses last year in Canada, according to the Insurance Bureau of Canada and Catastrophe...

    Insurance, Insurances, Indices
  • By A.M. Best   -   Jan 17, 2019

    AMID STRATEGIC REVIEW, MAIDEN HOLDINGS SELLS EUROPEAN AUTO UNIT TO ALLIANZ PARTNERS

    Maiden Holdings Ltd. said it is selling a European automotive unit to an affiliate of Allianz SE in what Maiden described as another...