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Insurance
New companies have formed in recent years to take property/casualty risk in Florida from state-formed Citizens in a soft market and Hurricane Irma will be the first test for them, said ratings agency AM Best in a Sept. 14 report. 15 September 2017
Insurance
Rating agency AM Best has downgraded Canopius Reinsurance after it reviewed the firm following its acquisition by Centerbridge Partners. 23 March 2018
Insurance
Primary focus of Europe’s largest non-life insurers is their local markets. 6 November 2019
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
Insurance
The newly established US surplus lines carrier will begin taking book from Lloyd’s in 2024. 17 October 2023
News
Allianz Global Corporate & Specialty Resseguros Brasil (AGCS Brazil), the business formed earlier this year by Allianz Global Corporate & Specialty to operate as a local reinsurer in Brazil, has secured a financial strength rating of A from AM Best. 28 March 2014
Insurance
Asia’s mergers & acquisitions (M&A) market is a “very hotly contested area” and this is driving prices up, Aviva Asia chief strategy officer Alex Kimura, told AM Best. 13 March 2018
Insurance
Primary insurance writers in Asia are exploring growth opportunities in new, longer tail business segments—but a shortage of experienced actuaries in the region may open up opportunities for reinsurers that have the relevant technical experience and can partner with insurers on writing such business. 31 October 2017
Insurance
Given the fiscal pressures in the member states of the Gulf Cooperation Council (GCC), the introduction of value added tax (VAT) seems inevitable and could cause short-term cash-flow issues for insurers, according to AM Best. 6 June 2017
Insurance
Insurance expert will focus on large clients, market engagement, business development. 3 September 2025
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