Category Insurance

AM Best Affirms Credit Ratings of Builders Mutual Insurance Group Members; Revises Issuer Credit Rating Outlook to Negative

AM Best Revises Outlook for Builders Mutual Insurance Group to Negative; Affirms Excellent Credit Ratings AM Best has adjusted the outlook for the Long-Term Issuer Credit Rating (Long-Term ICR) from stable to negative while affirming the Financial Strength Rating (FSR)…

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The Revival of the Puerto Rico Financial Services Forum: Leading the Way in International Banking and Insurance Hubs

The upcoming fourth edition of the Puerto Rico Financial Services Forum (FSF), recognized as the premier international financial and insurance conference in Puerto Rico, is set to take place on October 21 and 22, 2024, in San Juan. Bringing together…

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AM Best Upgrades Unity Financial Life Insurance Company’s Issuer Credit Rating Outlook to Positive

AM Best Upgrades Outlook to Positive for Unity Financial Life Insurance Company; Affirms Ratings AM Best has revised the outlook for the Long-Term Issuer Credit Rating (Long-Term ICR) of Unity Financial Life Insurance Company (Unity) from stable to positive. Additionally,…

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AM Best is reviewing credit ratings for GeoVera Insurance Group members, with implications pending

AM Best, the global credit rating agency specializing in the insurance industry, has announced the placement under review with developing implications of the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a”…

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AM Best reviewing Shelter Point Insurance and Shelter Point Life credit ratings with positive implications

AM Best has taken action to place under review with positive implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) for ShelterPoint Insurance Company (SPI) in West Palm Beach,…

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Triple-I: Insurance Economic Drivers Outperform US GDP, Poised for Growth Amid Federal Reserve Cuts

In Triple-I’s April 2024 Outlook, Michel Léonard, Ph.D., CBE, chief economist and data scientist, highlighted the remarkable growth trajectory of the U.S. property/casualty (P/C) insurance industry. Léonard noted that P/C underwriting growth has surged past the nation’s Gross Domestic Product…

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Prudential Boosts Workplace Benefits with Focus on Mental Health and Family Growth

Prudential Financial, Inc. (NYSE: PRU) has rolled out new voluntary workplace insurance options aimed at supporting family expansion and mental health. These offerings include coverage for fertility treatments, extended hospital stays, screenings for substance use, and severe mental health conditions.…

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