Articles

Insurance

Stephen Catlin launches re/insurance start-up Convex with $1.8bn capital raise; secures A- rating from AM Best

Insurance veteran Stephen Catlin and Paul Brand have launched a new specialty re/insurer focused on complex risks with an initial capital commitment of $1.8 billion, and an "exceptional group" of underwriting experts.   30 April 2019

Insurance

Identity theft coverage could evolve into standalone personal cyber insurance

‘Accurately analysing the profitability of identity theft insurance can be difficult.’   15 November 2019

Insurance

IRB Brasil Re downgraded over management shake-up and ERM failure

AM Best says the recent high-level departures have created additional uncertainty regarding the strategic direction of the company.   1 June 2020

Insurance

Zurich’s AM Best FSR rating unchanged after acquisition

AM Best has announced that the financial strength rating (FSR) of A+ (Superior) of Zurich Insurance and its rated affiliates are unchanged following the announcement that Zurich American Insurance Company (ZAIC), Zurich’S US non-life subsidiary, will acquire 100 percent of Rural Community Insurance Agency (RCIA) and its wholly owned subsidiary, Rural Community Insurance Company (RCIC), together known as Rural Community Insurance Services (RCIS).   23 December 2015

Insurance

AM Best monitoring Maiden annual report filing delay

Ratings agency AM Best said it will monitor the situation after Bermuda-based Maiden Holdings delayed the filing of the company’s 2016 annual report by up to 15 days.   2 March 2017

Insurance

AM Best places FSR of Standard under review

AM Best has placed under review with negative implications the financial strength rating of B- (Fair) of Standard Insurance Company, JSC (Standard) (Kazakhstan), provider of life and health, motor vehicle, fire, and liability insurance products.   1 February 2016

Insurance

AM Best upgrades FSR of Keystone National to A-

AM Best has upgraded the financial strength rating (FSR) to A+ (Superior) from A- (Excellent) of insurance group Keystone National Insurance Company .   12 February 2016

Insurance

AM Best takes Torus off negative outlook

On the back of continuing improved performance, rating agency AM Best has revised the outlook of specialty insurer Torus to stable from negative.   1 May 2015

Insurance

European insurers’ illiquid assets show upwards trajectory

‘Half of European insurers are looking to increase illiquid assets.’   12 November 2019

Insurance

Middle East political instability likely to affect the insurance market: AM Best

Despite being viewed as an economic powerhouse amongst emerging markets, the Middle East region has recently succumbed to a deterioration in medium-term economic forecasts, according to a new report by AM Best.   24 February 2016

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