U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best July 29, 2022 Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an...
AM Best Removes Golden Bear in California from Under Review and Affirms Credit Ratings July 28, 2022 AM Best removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and...
AM Best Downgrades Members of NLC Insurance Companies Pool June 28, 2022 AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market June 21, 2022 By Chad Hemenway The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has...
U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best May 31, 2022 AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion. Explaining...
D&O Market Has Most Profitable Year Since 2014 but Results May Be an Anomaly May 11, 2022 By Chad Hemenway The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be...
London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best April 26, 2022 Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges connected to...
AM Best Withdraws Credit Ratings of Old Glory Insurance Company April 21, 2022 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia March 30, 2022 AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on...