Articles

Insurance

Earliest estimates place US tornado insured loss near $3bn mark

US already boasted record 18 billion-dollar events in first 9M 2021 for $105 billion.   14 December 2021

Insurance

AM Best downgrades Lloyd’s Syndicate 2001 on deteriorating performance

Ratings agency AM Best has downgraded the Financial Strength Rating (FSR) of MS Amlin Underwriting managed Lloyd’s Syndicate 2001 due to what it describes as deteriorating technical performance.   13 April 2017

Insurance

AM Best assigns negative outlook to Sirius

Rating agency AM Best has assigned a negative outlook to the financial strength rating and the issuer credit rating of Sirius International Insurance Group.   22 April 2016

Insurance

Reinsurers to keep units in EU/US despite Covered Agreement: AM Best

While reinsurers are no longer obliged to have a branch or subsidiary on the other side of the Atlantic to be able to operate there after the implementation of the EU-US Covered Agreement, they are likely to keep the local units, according to ratings agency AM Best.   18 October 2017

Insurance

Life/annuity insurers keep appetite for long-term debt in check

‘Companies are increasingly incubating fintech insurance startups.’   25 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

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

AM Best affirms ratings of AIG and majority of its subsidiaries

AM Best has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of American International Group (AIG) and the majority of its insurance subsidiaries.   3 June 2016

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

European insurers’ illiquid assets show upwards trajectory

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

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