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AM Best Affirms Credit Ratings of Qianhai Reinsurance Co., Ltd.: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Qianhai Reinsurance Co., Ltd. (QHR) ...
Date: December 6, 2019    
Phoenix CEO: Acquisition of Swiss Re’s ReAssure Group Confirms It as Europe’s Largest Life and Pension Consolidator: Swiss Re Group Ltd. plans to sell its life insurance and pension legacy business, ReAssure Group plc, to Phoenix Group Holdings plc for £3.25 billion (US$4.26 ...
Date: December 6, 2019    
AM Best Comments on Credit Ratings of Austral Resseguradora and Austral Seguradora; Withdraws Ratings of Terra Brasis Resseguros: AM Best has commented that the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Austral ...
Date: December 6, 2019    
AM Best’s Holzberger: Reinsurance Pricing Trend Expected to Continue in 2020: Stefan Holzberger, senior managing director and chief rating officer, AM Best, said the reinsurance market is poised for the current pricing trend to continue ...
Date: December 5, 2019    
Randall & Quilter Director to Step Down: Randall & Quilter Investment Holdings Ltd. said Mark Langridge will be stepping down as director of the company effective Dec. 13. Langridge will continue in ...
Date: December 4, 2019    
Argo Urges Shareholders to Reject Voce Capital’s Call for Special Meeting: Argo Group International Holdings Ltd. said its board of directors is recommending Argo shareholders reject an effort by an institutional shareholder of the ...
Date: December 3, 2019    
Capsicum Re Confirms Acquisition Agreement With Gallagher: Capsicum Reinsurance Brokers LLP said it signed “heads of terms” with broker Arthur J. Gallagher & Co. to have Gallagher increase its investment in Capsicum Re ...
Date: December 2, 2019    
Health Underwriters See Gains in Ranking of World’s Largest Insurers: Health insurers made the biggest moves on AM Best’s annual world’s largest insurers ranking based on 2018 net premiums written, while life insurers continued ...
Date: December 2, 2019    
Asia Capital Re Underwriting Chief: Reinsurance Is Capital Substitute: Reinsurance isn’t just a cost, it’s a capital substitute for primary writers, said Soeren Soltysiak, chief underwriting officer, treaty, Asia Capital Re. He ...
Date: November 27, 2019    
Axa Accelerates Contribution to Low-Carbon Climate Strategy: Axa S.A. launched what it calls a “new phase” in a climate strategy it said will accelerate its contribution to “a low-carbon and more resilient economy” by ...
Date: November 27, 2019    
MS Amlin Announces New Operating Model and Senior Leadership Team: MS Amlin has announced a new operating model and senior leadership team as part of MS&AD’s recently announced reorganization of its international ...
Date: November 27, 2019    
Voce Seeks Special Meeting of Argo Shareholders to Replace Board Members: In its effort to force board changes at Argo Group International Holdings Ltd., Argo investor Voce Capital Management LLC said it filed a “preliminary consent ...
Date: November 26, 2019    
Axis Capital Estimates Up to $110 Million in Pretax Typhoon Hagibis Losses: Axis Capital Holdings Ltd. is estimating preliminary pretax losses of between $90 million and $110 million, net of estimated recoveries from reinsurance and ...
Date: November 26, 2019    
AIG to Sell Majority Stake in Fortitude Re for $1.8 Billion: American International Group Inc. is selling a 76.6% interest in Fortitude Group Holdings, its legacy reinsurance unit, to investment firm Carlyle Group and ...
Date: November 26, 2019    
Swiss Re CEO: Strategy Focuses on Multiple-Line Reinsurance Growth, Corporate Solutions Revamp: Swiss Re Ltd. is pursuing a targeted growth strategy to regain profitability in its corporate solutions business as it seeks growth in its catastrophe business ...
Date: November 25, 2019    
Arch Re Agrees to Acquire Aspen Re Global Credit and Surety Reinsurance Renewals: Arch Capital Group Ltd. subsidiary Arch Reinsurance said it has agreed to acquire renewal rights to Aspen Reinsurance’s global credit and surety reinsurance ...
Date: November 22, 2019    
AM Best Affirms Credit Ratings of BTG Pactual Resseguradora S.A.: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of BTG Pactual Resseguradora S.A. (BTG Re) ...
Date: November 22, 2019    
AM Best Assigns Credit Ratings to Chaucer Insurance Company DAC; Affirms Ratings of China Reinsurance (Group) Corp and Subs: AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” to Chaucer Insurance ...
Date: November 22, 2019    
AM Best Revises Outlooks to Positive for AzRe Reinsurance, OJSC: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of ...
Date: November 22, 2019    
January Renewal Outlook Positive as IGI Third-Quarter Premiums Rise 16%: International General Insurance Holdings Ltd.’s said its third-quarter gross premiums written rose 16% as the underwriter looks to take advantage of market ...
Date: November 21, 2019    
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