News
Insurance
Rate adequacy remains distant in property cat: ‘Few reinsurers’ feel the bar is crossed. 30 November 2022
Insurance
The ratings agency said QGIRC’s earnings have fallen below historical averages and regional peers. 17 February 2020
Insurance
AM Best has downgraded Bahrain-based Trust International Insurance & Reinsurance Company (Trust Re) after extended delays in the release of its audited financial statements. 16 October 2018
Insurance
Accredited Surety & Casualty Company, the Florida-headquartered US insurer owned by Randall & Quilter Investment Holdings, has had its group rating upgraded by AM Best from VII to VIII. 20 March 2019
Insurance
AM Best has maintained a “negative outlook” for the UK non-life insurance market as it is buffeted by economic and political uncertainty caused largely by Brexit. 29 March 2019
Insurance
The majority of insurance groups that are affected by Brexit and rated by AM Best have either completed or initiated a transfer of their European Economic Area (EEA) business from their UK insurer to an affiliated EEA insurer under Part VII of the Financial Services and Markets Act 2000, according to the agency. 19 November 2018
Insurance
It’s the fourth downgrade for the global giant following a tone set by S&P, Fitch & Moody’s. 10 March 2023
Insurance
AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa” of HDI Global Specialty SE (Germany). 14 January 2019
Insurance
Global credit ratings agency AM Best has upgraded PartnerRe and its operating subsidiaries to the financial strength rating (FSR) A+ (Superior) from A (Excellent), while the group’s long-term issuer credit ratings (LTICR) has improved to “aa-” from “a+”. 6 August 2019
Insurance
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
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