U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best September 6, 2022 Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a...
AM Best Places Credit Ratings of American Reliable in Arizona Under Review August 22, 2022 AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term...
BHSI Hires Liberty Specialty’s Ferrari as Head of Transactional Liability in Australasia; AM Best Appoints Curtis for Market Development, Asia-Pacific Region August 3, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and AM Best. A summary of these...
Demotech Downgrades Three in Florida; AM Best, KBRA Say They’re Available August 2, 2022 By William Rabb Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could...
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...