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Insurers in Gulf Cooperation Council (GCC) markets are coming under pressure to increase retention levels for high-rise buildings to demonstrate their alignment of interests with those of reinsurers, according to new research by AM Best. 18 January 2017
Insurance
Cost implications of continuing to access EU business and any downturn in the UK economy resulting from Brexit are likely to weigh on insurers, according to an AM Best report titled “Brexit Uncertainties Weigh on UK Insurers but Rated Entities Able to Withstand Pressure.” 20 January 2017
Insurance
The global reinsurance market remains challenged by various market forces that will continue to shape the landscape over the near term. The recently announced acquisition of Validus Re by AIG is just the latest chapter in the evolution of the traditional reinsurance model, where specialty focused businesses seek shelter as part of a significantly larger globally diversified enterprise. 2 February 2018
Insurance
Ratings agency AM Best has placed OneBeacon Insurance Group and its subsidiaries "under review with positive implications" following its acquisition by Intact Financial Corporation. 5 May 2017
Insurance
AM Best has upgraded the financial strength rating (FSA) to A (Excellent) from A- (Excellent) of African Reinsurance Corporation (Africa Re), a reinsurance company based in Nigeria. The outlook for this rating has been revised from stable to positive. 13 June 2016
Insurance
Rating agency AM Best has announced the sudden death of James Sutherland, commercial director, Asia-Pacific. 4 March 2016
News
AM Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A (Excellent) PartnerRe and its affiliates. 16 May 2016
Insurance
AM Best has affirmed the financial strength rating (FSR) of A- (Excellent) of Gulf Reinsurance (Gulf Re), with a stable outlook for this rating. 27 June 2016
Insurance
Nine Merchants Re, the new reinsurer backed by First Seafront Financial, has confirmed that it is in discussions with the Hong Kong regulator and rating agency AM Best. 23 November 2016
Insurance
COVID-19 has accelerated some long-awaited changes to the way business is transacted in the 330-year-old insurance marketplace. 2 June 2020
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