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Insurance
S&P Global and Fitch Ratings have revised AXIS's outlook to 'negative', while AM Best has downgraded its FSR. 13 May 2020
News
GeoVera Reinsurance, part of catastrophe specialist the GeoVera Insurance Group, has secured a financial strength rating (FSR) of A from AM Best. The outlook on the rating is stable. 13 June 2014
Insurance
Rating agency AM Best has downgraded the financial strength and issuer credit rating of The Mediterranean & Gulf Insurance & Reinsurance Company (Medgulf Bahrain) and The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company, a Saudi joint stock company, (Medgulf KSA), as a result of material underwriting losses at the Saudi subsidiary. 16 May 2014
Insurance
Swiss Re has a $250m exposure to the Tokyo Olympics, while Munich Re could lose hundreds of millions of euros. 25 March 2020
Insurance
Recent reports highlighted the growing threat of cyber-attacks and data breaches to the energy sector, and underscore the growing need for protection, according to rating agency AM Best. 26 March 2018
Insurance
Rating agency AM Best has a negative outlook on the UK’s non-life market as the negative impact from the challenges the UK sector is facing is likely to last. 21 March 2018
Insurance
Insurance companies operating in the Middle East and North Africa (MENA) region have encountered supressed growth rates due to economic and political uncertainties, according to AM Best. 1 February 2018
Insurance
US life/annuity insurers have increased the aggregate face amount of policies ceded to reinsurers by 83 percent since 2006, to $28 trillion, according to AM Best. 18 January 2018
Insurance
The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best. 12 February 2018
Alternative Risk Transfer
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best. 5 February 2018
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