Articles

Insurance

AM Best develops criteria to assess innovation in insurers

The re/insurance industry is facing a structural shift as a consequence of the impact of technology, but not every insurtech venture and vendor will be successful, Stefan Holzberger, chief rating officer at AM Best, told delegates at PCI yesterday.   30 October 2018

Insurance

Caribbean insurers’ climate worries

AM Best-rated Caribbean property/casualty insurers posted an 8 percent increase in net income in 2021 to more than $70 million, highlighting carriers’ risk management practices, although the region remains highly vulnerable to a number of risks, led by climate risk.   10 September 2022

Insurance

Insurers’ exposure limited in PG&E wildfire investigation: AM Best

The US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, according to AM Best.   21 November 2018

Insurance

Sirius unaffected by liquidity problems at parent CMIG: AM Best

AM Best has determined that Sirius is sufficiently independent of parent company China Minsheng Investment Group (CMIG) to be unaffected by reported liquidity issues at the Chinese company.   18 February 2019

Insurance

US-Bermudian reinsurers thrive

Despite elevated catastrophe activity, AM Best’s composite of US and Bermudian reinsurers posted an improved underwriting margin in 2021, with a minimal number of COVID-19-related claims and larger contribution from investment results.   10 September 2022

Insurance

Insurance for legal marijuana hindered by limited policies, finds AM Best

Marijuana insurance is a fast-growing and evolving market but many insurers remain wary of such a controversial product even where it is legalised, according to an AM Best report.   13 March 2019

Reinsurance

Reinsurers will take bulk of P&I claim after Baltimore bridge collapse

AXA XL led the current XoL reinsurance cover for International Group of P&I Clubs.   27 March 2024

Insurance

UK non-life insurance outlook negative as inflation woes drag

‘Inflation is likely to drive an increase in claims costs,’ predicts AM Best.   6 April 2022

Insurance

Newly-launched Conduit Re secures A- rating from AM Best post $1.1bn IPO

The news comes after Conduit started trading in the London market with a $1.1 bn fundraise.   8 December 2020

Insurance

ILS investors show well-known cat-scepticism; can’t be tempted by rate

H1 deal flow shows sponsors reaching, and often failing, to secure more and more funding.   25 August 2022

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