News
Insurance
Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance". 3 June 2019
Insurance
Can’t blame the cats: 3.0 pt. combined ratio rise came against 1.6 pt. cut to cat impact. 2 September 2022
Insurance
Rating agency AM Best has downgraded the Long-Term Issuer Credit Ratings (ICR) of Allied World Assurance Company (Bermuda) and its operating affiliates to ‘a’ from ‘a+’. 18 February 2019
Insurance
Optimism over a turn in the global reinsurance market after the 2017 catastrophes quickly diminished as the January 1 and midyear renewals proved disappointing, providing minimal pricing increases to reinsurers and leaving market dynamics relatively unchanged, according to a new AM Best report. 4 September 2018
Insurance
Cyber risk assessment and mitigation should be a top priority for insurers in their enterprise risk management (ERM) efforts, according to AM Best. 13 April 2018
Insurance
Italian market quirks add to European economic uncertainty to merit 3rd straight downgrade. 25 April 2022
Insurance
Third-party capital stabilises the count on ‘enhanced opportunities’ for ILS. 22 August 2022
Insurance
It’s fraught with outsourcing danger: even affiliated programmes cause ca. 1/3 of impairments. 23 May 2024
Insurance
Floods trigger 169k claims for A$2.4bn going into sixth week. 5 April 2022
Insurance
AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to UK-based Folgate Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. 22 November 2018
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