• By A.M. Best   -   Mar 4, 2021

    GEORGIA BILL WOULD FREEZE SALARY PAYMENTS TO EX-INSURANCE COMMISSIONER

    A Georgia lawmaker wants the state to stop paying the salaries of officials who vacate their offices - such as former Insurance Commissioner...

    Insurances, Insurance, Legal
  • By A.M. Best   -   Mar 4, 2021

    CHUBB NAMES CLAIMS DIRECTOR FOR UK AND IRELAND

    Chubb has named Richard Shanks to succeed John Latter as claims director for the United Kingdom and Ireland. Shanks will transition...

  • By A.M. Best   -   Mar 4, 2021

    AM BEST ASSIGNS PRELIMINARY CREDIT ASSESSMENT TO NORTH END RE SPC

    AM Best has assigned a Preliminary Credit Assessment to North End Re SPC with a Financial Strength Assessment of A- pca and a Long-Term...

    Credits, Credit
  • By A.M. Best   -   Mar 4, 2021

    COVID-19 LIABILITY SHIELD BILLS ADVANCING ACROSS UNITED STATES

    Wisconsin Gov. Tony Evers has signed into law a COVID-19 liability shield bill for his state, one of a number of states where lawmakers...

    United States
  • By A.M. Best   -   Mar 4, 2021

    HISCOX POSTS 2020 LOSS OF $293.1 MILLION ON COVID-19 CLAIMS

    Hiscox Ltd. posted a 2020 net loss attributable to the group's owners of $293.1 million on COVID-19-related losses in its retail segment....

  • By A.M. Best   -   Mar 4, 2021

    AON, INSURTECH, SPECIALTY INSURER LAUNCH CRYPTOCURRENCY PILOT

    Global broker Aon plc has launched a cryptocurrency pilot dedicated to scale cover efficiently by matching assets to liabilities when...

    Insurance, Insurances
  • By A.M. Best   -   Mar 4, 2021

    AM BEST TO JOIN PANEL AT MIDWEST ACTUARIAL FORUM'S SPRING MEETING

    AM Best will participate in a panel discussion on actuarial communication to senior management and boards during the Midwest Actuarial...

    Places, Management
  • By A.M. Best   -   Mar 4, 2021

    AM BEST UPGRADES CREDIT RATINGS OF EASTERN MUTUAL INSURANCE COMPANY

    AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to “a” from “a-” of Eastern...

    Rate, Insurance, Insurances, Credit, Company, Companies, Credits
  • By A.M. Best   -   Mar 4, 2021

    AM BEST REMOVES FROM UNDER REVIEW WITH DEVELOPING IMPLICATIONS AND AFFIRMS CREDIT RATINGS OF SIRIUSPOINT LTD. AND ITS RATED SUBS

    AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term...

    Rate, Credit, Credits
  • By A.M. Best   -   Mar 4, 2021

    AM BEST REMOVES FROM UNDER REVIEW WITH POSITIVE IMPLICATIONS AND UPGRADES CREDIT RATINGS OF MGA INSURANCE COMPANY, INC

    AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A- from B++ and the...

    Rate, Insurance, Insurances, Credit, Company, Companies, Credits
  • By A.M. Best   -   Mar 4, 2021

    OSCAR HEALTH COULD RAISE $1.42 BILLION IN COMMON STOCK IPO

    Oscar Health Inc. could raise $1.42 billion after increasing the number of shares and price of its Common A stock in an initial public...

    Trading, New York
  • By A.M. Best   -   Mar 4, 2021

    SUCCESSOR NAMED AS BEAZLEY'S CEO MAKES MOVE TO QBE

    Beazley plc has named Adrian Cox to succeed Andrew Horton as chief executive officer. Cox will transition to his new role on April...

    Companies, Company, Moving
  • By A.M. Best   -   Mar 4, 2021

    AM BEST ASSIGNS ISSUER CREDIT RATING TO THE NORTHWESTERN MUTUAL LIFE INSURANCE CO.'S FUNDING AGREEMENT-BACKED NOTES PROGRAM

    AM Best has assigned a Long-Term Issuer Credit Rating of “aaa” to Northwestern Mutual Global Funding. Concurrently, AM Best has assigned...

    Insurance, Insurances, Rate, Fund, Credit, Life Insurance, Credits
  • By A.M. Best   -   Mar 4, 2021

    GENWORTH TO NET $123 MILLION FROM SELLING SHARES IN GENWORTH MORTGAGE INSURANCE AUSTRALIA

    Two subsidiaries of Genworth Financial Inc. sold 214.3 million shares in Genworth Mortgage Insurance Australia Ltd., Genworth's entire...

    Insurances, Insurance
  • By A.M. Best   -   Mar 4, 2021

    BEST'S MARKET SEGMENT REPORT: GRADUAL RETURN TO NORMALCY SHOULD RESET U.S. HEALTH INSURERS' EARNINGS AFTER RECORD-HIGH 2020

    U.S. health insurance companies are well-prepared to face COVID-19-related uncertainties and other challenges in 2021, although earnings...

    Insurances, Company, Market, Companies, Insurance, Marketing
  • By A.M. Best   -   Mar 4, 2021

    STORMS PUSH FEDNAT TO $32.9 MILLION FOURTH-QUARTER LOSS

    FedNat Holding Co. reported a fourth-quarter loss of $32.9 million, compared with a loss of $6.9 million, as the company was impacted...

    Company, Companies
  • By A.M. Best   -   Mar 4, 2021

    PROGRESSIVE CFO: BUSINESS LINE EXPANSION IS ALL ABOUT BOOSTING AUTO INSURANCE SALES

    Progressive Corp. started writing homeowners coverage to crack into the bundled automobile insurance market, and spur more rapid growth...

    Sale, Insurance, Insurances, Business, Market, Marketing
  • By A.M. Best   -   Mar 4, 2021

    AM BEST REVISES OUTLOOKS TO POSITIVE FOR SOMERSET REINSURANCE LTD

    AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer...

    Rate, Credits, Credit
  • By A.M. Best   -   Mar 4, 2021

    AM BEST ASSIGNS ISSUE CREDIT RATING TO FAIRFAX FINANCIAL HOLDINGS LIMITED'S SENIOR UNSECURED NOTES

    AM Best has assigned a Long-Term Issue Credit Rating of “bbb” to the recently announced USD 600 million, 3.375% senior unsecured notes,...

    Rate, Credits, Credit
  • By A.M. Best   -   Mar 4, 2021

    UK'S BRIT PLACES US SERVICE PLATFORM UNDER AMBRIDGE BRAND

    United Kingdom specialty insurer and reinsurer Brit Ltd. intends to move its U.S. service company - Brit Global Specialty USA - onto...

    USA, Insurances, Management, Company, Insurance, Companies, Moving, Places, Services, Service