BrightShore Insurance Launches in New Jersey, Offering Comprehensive Homeowners Coverage with Built-In Flood Protection BrightShore Insurance Company (“BrightShore”) has officially launched in New Jersey, addressing a critical gap in the insurance market for coastal homeowners. The company’s innovative approach combines…
The Growing Cybersecurity Threat in the Insurance Sector In a recent study, SecurityScorecard unveiled alarming statistics regarding cybersecurity vulnerabilities within the insurance industry. The research indicates that 59% of breaches among the top 150 insurance companies are linked to third-party…
Piraeus Initiates Exclusive Talks with CVC for Ethniki Insurance Acquisition In a significant development following the announcement on February 3, 2025, Piraeus Financial Holdings (hereinafter referred to as “Piraeus”) has disclosed its decision to engage in exclusive negotiations with CVC…
AM Best Assigns Ratings to Mohandes Insurance Company AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (ICR) of “bb” (Fair) to Mohandes Insurance Company (Mohandes), an established insurer in Egypt.…
U-Haul Holding Company Reports Third Quarter Fiscal 2025 Financial Results U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company, and Amerco Real Estate Company, has announced its financial results for the third…
Introduction to Premium Audit Complete by ReSource Pro In a significant stride towards revolutionizing the insurance sector, ReSource Pro, a premier strategic operations partner for insurance organizations, has unveiled its latest innovation Premium Audit Complete. This groundbreaking solution is specifically…
Intesa Sanpaolo and SACE Aid Estithmar Holding to Boost Italian Exports in Qatar SACE, Italy’s state-owned insurance financial group, and Intesa Sanpaolo, one of Europe’s leading banking groups, have successfully finalized a EUR 150 million transaction aimed at facilitating Italian…
Insurance Milestone: $10M NCUA Coverage Now Available for Credit Unions via ModernFi CUSO ModernFi CUSO, the first deposit network designed specifically for credit unions, is excited to announce a significant milestone. Credit unions within the CUSO network can now offer…
AM Best Revises Credit Rating Outlook to Positive for Florida Lawyers Mutual Insurance Company Overview of Credit Rating Update AM Best has announced a revision in the outlook for the Long-Term Issuer Credit Rating (Long-Term ICR) of Florida Lawyers Mutual…
AM Best, a global credit rating agency, has upgraded the outlook for First Net Insurance Company (First Net), based in Guam, from stable to positive. This revision accompanies the reaffirmation of First Net’s Financial Strength Rating (FSR) at B++ (Good)…
AM Best Maintains Negative Outlook on Colombia’s Insurance Industry: Economic and Political Challenges and the Need for Adaptation The insurance industry in Colombia is at a crucial moment, where global economic challenges, internal political uncertainty and market pressures have created…
HSBC Continental Europe has signed a memorandum of understanding for the potential sale of its French life insurance business, HSBC Assurances Vie (France), to Matmut Société d’Assurance Mutuelle (“Matmut”). HSBC Assurances Vie (France) manages over €20 billion in assets and…
