COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks September 30, 2020 By L.S. Howard Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing...
Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling September 15, 2020 Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain’s...
Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best September 14, 2020 By Adrian Leonard The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...
AM Best Removes from Under Review, Affirms Ratings of Texas’ National Lloyds Group July 17, 2020 AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups? July 16, 2020 By Susanne Sclafane Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up...
U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best June 30, 2020 The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years...
Outlooks Revised to Negative for Indiana’s NAMIC Insurance May 15, 2020 AM Best reported it revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent)...
AXIS Gets AM Best Ratings Downgrade on ‘Deterioration’ of Operating Performance May 6, 2020 AM Best has downgraded the credit ratings of Bermuda-based AXIS Capital Holdings and its subsidiaries. The re/insurer has had its...
AM Best: Outlooks Negative for Wisconsin’s McMillan Warner Mutual Insurance March 27, 2020 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and...