AM Best reviews the status under review to develop the credit ratings of American Millennium Insurance Company and Citadel Reinsurance Company Limited | Business Insurance

know about this AM Best reviews the status under review to develop the credit ratings of American Millennium Insurance Company and Citadel Reinsurance Company Limited in complete details. OLDWICK, NJ–(COMMERCIAL WIRE)–I am better has revised the implications of the status under review to negative for the Financial Strength Rating (FSR) of C- (Weak) and the … Read more

Key Takeaways from the US NAIC Summer 2022 National Meeting: Restructuring Mechanisms, Insurance Business Transfers and Corporate Splits – Reinsurance | Business Insurance

know about this Key Takeaways from the US NAIC Summer 2022 National Meeting: Restructuring Mechanisms, Insurance Business Transfers and Corporate Splits – Reinsurance in complete details. 26 August 2022 mayer brown To print this article, all you need to do is register or log in to Mondaq.com. On August 11, 2022, the Executive Committee (EX) … Read more

Allianz, AXA, Munich Reinsurance America – InsuranceNewsNet | Business Insurance

know about this Allianz, AXA, Munich Reinsurance America – InsuranceNewsNet in complete details. New Jersey, United States — (SBWIRE) — 08/07/2022 — The latest study published on the global female-only drivers insurance market by WADA investigation evaluates the market size, trend and forecast to 2027. Women Only Drivers Insurance The market study covers significant research … Read more

‘Recession is coming faster than expected’: reinsurance economist | Business Insurance

know about this ‘Recession is coming faster than expected’: reinsurance economist in complete details. Two weeks ago, the Bank of Canada raised its key interest rate by one percentage point to 2.5% to control inflation, the biggest increase in 24 years. Inflation in Canada hit 8.1% in the year to June, its highest level in … Read more

Inflation hits real estate catastrophic reinsurance renewals | Business Insurance

know about this Inflation hits real estate catastrophic reinsurance renewals in complete details. Updated to reflect Axis Capital’s June 7 announcement that it will withdraw from the property reinsurance market. Concerns about inflation and reduced capacity for property catastrophes made June 1 reinsurance renewals difficult and lengthy, with many ceding insurers facing double-digit rate hikes, … Read more

The worst may be over for the tough cyber reinsurance market | Business Insurance

know about this The worst may be over for the tough cyber reinsurance market in complete details. The cyber liability reinsurance market remains tight, but more capacity is expected to enter the sector, albeit slowly and cautiously, both from traditional reinsurers and third-party sources of capital. Cybersecurity risk management measures encouraged by insurers are driving … Read more

At Least 1 Florida Property Insurance Company Can’t Get Funded | Business Insurance

know about this At Least 1 Florida Property Insurance Company Can’t Get Funded in complete details. TAMPA, Fla. — Two weeks after the deadline for property insurers to submit reinsurance plans to rating agencies and the state office of insurance regulation, at least one company has been unable to obtain funding for the next Hurricane … Read more

Inflation hits real estate catastrophic reinsurance renewals | Business Insurance

know about this Inflation hits real estate catastrophic reinsurance renewals in complete details. Updated to reflect Axis Capital’s June 7 announcement that it will withdraw from the property reinsurance market. Concerns about inflation and reduced capacity for property catastrophes made June 1 reinsurance renewals difficult and lengthy, with many ceding insurers facing double-digit rate hikes, … Read more

Universal insurance subsidiaries complete 2022-2023 reinsurance programs | Business Insurance

know about this Universal insurance subsidiaries complete 2022-2023 reinsurance programs in complete details. FORT LAUDERDALE, Fla.–(COMMERCIAL WIRE)–Universal Insurance Holdings, Inc. (NYSE: UVE)(“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“HAPCIC”), the Company’s wholly owned insurance company subsidiaries, from its … Read more

Universal Insurance Subsidiaries Complete 2022-2023 Reinsurance Programs | News | Business Insurance

know about this Universal Insurance Subsidiaries Complete 2022-2023 Reinsurance Programs | News in complete details. FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–May 31, 2022– Universal Insurance Holdings, Inc. (NYSE: UVE)(“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC ”), the Company’s wholly … Read more

Universal Insurance Subsidiaries Complete 2022-2023 Reinsurance Programs | National Businesses | Business Insurance

know about this Universal Insurance Subsidiaries Complete 2022-2023 Reinsurance Programs | National Businesses in complete details. FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–May 31, 2022– Universal Insurance Holdings, Inc. (NYSE: UVE)(“Universal” or the “Company”) today announced the completion by Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC ”), the Company’s … Read more

Reinsurance Group of America Elects New Board Member – InsuranceNewsNet | Business Insurance

know about this Reinsurance Group of America Elects New Board Member – InsuranceNewsNet in complete details. ST. LOUIS–(COMMERCIAL WIRE)–Reinsurance Group of America, Incorporated (NYSE: RGA), one of the world’s leading life and health reinsurers, today announced the choice of Khanh T. Tran to its Board of Directors. Mr Tran will start his service July 1, … Read more

Florida Legislature Passes Property Insurance Reinsurance Bill

By Wednesday morning, everything was over except for the speeches. The five-day special session on the insurance crisis turned into just three days, and without seeing the adoption of a single significant amendment to two bills that had been carefully crafted to help some property insurers with reinsurance costs and help everyone else with litigation … Read more

Homeowners Insurance Changes Go to DeSantis | Deal | Business Insurance

know about this Homeowners Insurance Changes Go to DeSantis | Deal in complete details. Supporters said the plan will stabilize the homeowners insurance market. Critics said it doesn’t do enough to help homeowners. But with hurricane season starting next week, members of the Florida House of Representatives overwhelmingly approved a measure Wednesday that seeks to … Read more

A general introduction to the insurance and reinsurance markets in Denmark

all questions Year under review In Denmark, as in most of the world, covid-19 has been the dominant topic once again in 2021. This is also true for the area of ​​insurance law, where questions such as whether insurance policies cover losses related to covid-19 (for example, a policy of business interruption and losses related … Read more

Review of International General Insurance (NASDAQ:IGIC) and Brookfield Asset Management Reinsurance Partners (NYSE:BAMR)

International General Insurance (NASDAQ:IGIC – get rating) and Brookfield Asset Management Reinsurance Partners (New York Stock Exchange: BAMR – get rating) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, earnings, risk, dividends, profitability, institutional ownership, and valuation. Internal … Read more