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AM Best Removes from Under Review, Affirms Credit Ratings of RenaissanceRe Holdings Ltd and Its Main Subsidiaries: AM Best has removed under review with developing implications and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long Term Issuer Credit ...
Date: March 22, 2019    
AM Best Affirms Credit Ratings of Top Layer Reinsurance Ltd.: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Top Layer ...
Date: March 22, 2019    
AM Best Revises Outlooks to Negative for Oman Insurance Company P.S.C.: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of ...
Date: March 21, 2019    
Scor Makes Management Changes to Global Property/Casualty Division: Scor S.E.’s property/casualty division is making management changes the reinsurer said will advance a structural change announced last September and make it ...
Date: March 20, 2019    
China Amends Foreign Investment Law: China has adopted an amended foreign investment law with detailed provisions related to company structure at a recent National People’s Congress. The new ...
Date: March 20, 2019    
Following Strong 2018 Result, Munich Re Targets Profit Rise for This Year: Munich Re is targeting a profit rise of about €200 million (US$227.1 million) in 2019 after a strong gain for the previous year. The past year “was a ...
Date: March 19, 2019    
Palomar Holdings Plans IPO to Boost Specialty Capital Up to $40 Million: Palomar Holdings Inc. plans an initial public offering that would boost Palomar Specialty Insurance Co. capital up to $40 million and repay $20.5 million of ...
Date: March 18, 2019    
IA: Hong Kong’s Nonlife Sector Posted Profit in 2018 Despite Typhoon Mangkhut: Hong Kong’s nonlife insurance sector reported an underwriting profit of HK$583 million (US$74.3 million) in 2018, compared with a loss of HK$792 million in ...
Date: March 18, 2019    
PartnerRe Reinsures Canadian Annuities Block for Manulife: PartnerRe Ltd. said it agreed to reinsure a block of 25,000 Canadian annuitants in a transaction with Manufacturers Life Insurance Co. The agreement will ...
Date: March 15, 2019    
Maiden Posts Widened 2018 Net Loss as Strategic Review Nears End: Maiden Holdings Ltd.’s fourth-quarter net loss widened amid a year-long strategic review and a series of changes to reinsurance arrangements and asset ...
Date: March 15, 2019    
AM Best Affirms Credit Ratings for AXIS Capital Holdings Limited and Its Operating Subsidiaries: AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the operating ...
Date: March 15, 2019    
Rideshare Company Lyft More Than Doubled Restricted Reinsurance Trust Investments in 2018: Ridesharing company Lyft Inc. revealed details of its insurance arrangements, including a rapidly growing amount of third-party insurance investments, in a ...
Date: March 13, 2019    
RenaissanceRe Gains Regulatory Approvals for Tokio Millennium Re Acquisition: RenaissanceRe Holdings Ltd. said it received all regulatory approvals it needed for its acquisition of Tokio Millennium Re AG and Tokio Millennium Re (UK) ...
Date: March 13, 2019    
PartnerRe Reorganizes Property/Casualty Reinsurance Unit: PartnerRe Ltd. said it will reorganize its property/casualty segment to a regional structure and will make several executive changes. Effective April 1, the ...
Date: March 12, 2019    
China Re Launches Lloyd’s Renewable Energy Consortium for Offshore Wind Farms: China Re Corp. said it launched a renewable energy consortium at Lloyd’s that focuses on project-specific reinsurance for the construction and operation of ...
Date: March 11, 2019    
Voce Capital Nominates Five Independent Directors to Argo Board: Voce Capital Management LLC announced a slate of five independent director nominees for Argo Group International Holdings Ltd.’s board, as Argo said it hopes ...
Date: March 11, 2019    
Munich Re’s Ergo Sells Four Subsidiaries to Euroins Group: Ergo International AG said it’s selling four subsidiaries to Euroins Insurance Group as the primary insurance business of Munich Re continues to adjust its ...
Date: March 11, 2019    
Lockton Appoints Three MMC Executives to Lead New Global Re Business: Lockton Inc. has appointed three Marsh & McLennan Cos. executives to lead a new global reinsurance unit, Lockton Global Re. It will operate from New York and ...
Date: March 8, 2019    
Hannover Re CEO: Reinsurance Pricing Remains Soft, but Growth Prospects Look Brighter: Increased reinsurance demand worldwide is driving growth prospects for Hannover Re, as the market contends with two straight years of record losses and ...
Date: March 7, 2019    
AM Best Affirms Credit Ratings of General Insurance Corporation of India: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of General Insurance Corporation of India ...
Date: March 7, 2019    
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