The U.S. workers’ compensation segment continues to outperform all other lines of business in the property/casualty (P/C) industry, driven by ongoing declines in loss frequency and favorable reserve development, according to a new report from AM Best. The Best’s Market…
AM Best Reaffirms Credit Ratings of China BOCOM Insurance Company Limited AM Best has reaffirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for China BOCOM Insurance Company Limited (CBIC) (Hong Kong).…
Northern Trust Corporation Announces Leadership Changes Effective October 1, 2024 “Northern Trust’s leadership changes reflect our One Northern Trust strategy, designed to drive growth, enhance resiliency, and improve productivity,” said Michael O’Grady, Chairman and Chief Executive Officer. “These appointments highlight…
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Genesis Global Insurance (SAC) Ltd. (Genesis), based in Nassau, Bahamas. The outlook for these ratings is stable. These ratings…
KOHO has consistently developed products aimed at helping Canadians achieve financial success. With the introduction of Rent Reporting, KOHO is now making it easier for Canadians to build a strong credit history. New and existing KOHO members who use the…
PayPal Holdings, Inc. (NASDAQ: PYPL) has announced an expanded global strategic partnership with Adyen, a leading financial technology platform for major businesses. Under this enhanced collaboration, Adyen will integrate Fastlane by PayPal into its services for enterprise and marketplace clients…
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Seguros Reservas S.A. (Seguros Reservas) (Santo Domingo, Dominican Republic). The outlook for these ratings is stable. These ratings reflect…
AM Best has reaffirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for International Traders Insurance Co., Ltd. (ITICO) based in the Turks and Caicos Islands, British West Indies. The outlook for…
Dawn Walker, Associate Director of Industry Relations – DUAE at AM Best, recently appeared on the Insurance Nerds’ Assignment of Benefits Podcast, which has been spotlighting Florida’s insurance market, to discuss the current state of the Delegated Underwriting Authority Enterprise…
AM Best has reaffirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (ICR) of “aa-” (Superior) for the operating subsidiaries of Everest Group, Ltd. (Bermuda), collectively known as Everest. Additionally, the Long-Term ICRs of…
AM Best has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (ICR) of “a-” (Excellent) for Quanta Insurance Company, Inc. (QIC) based in Houston, TX. The outlook for these ratings remains stable. The…
AM Best has continued its under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) for Topa Insurance Company and Dorchester Insurance Company, Ltd., both subsidiaries of…
