Arch Capital Group Ltd. (NASDAQ: ACGL, “Arch” or “the Company”) announced today that its Board of Directors has declared a special cash dividend totaling $1.9 billion, which amounts to $5.00 per outstanding common share. The dividend is set to be…
AM Best has reaffirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) for the life/health (L/H) insurance subsidiaries of Manulife Financial Corporation (MFC) based in Toronto, Canada [NYSE: MFC].…
Gainbridge®, through its Group 1001 affiliate, has announced a new partnership with RetireOne, the leading independent platform for registered investment advisors (RIAs) in the annuity marketplace. RetireOne, an outsourced insurance desk, offers RIAs and their clients solutions that are simple,…
Arch Insurance North America, a provider of specialty risk and insurance solutions, has received PropertyCasualty360’s Insurance Luminaries Award for Technology Innovation. This accolade recognizes the company’s Arch APEX℠ portal, a groundbreaking digital platform designed to streamline the accident insurance purchasing…
Bonaventure, an integrated alternative asset manager specializing in the investment, development, construction, and management of multifamily communities across the Mid-Atlantic and Southeastern regions, has announced two significant transactions completed by Bonaventure Multifamily Income Trust (BMIT®). After its partial sale in…
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), has launched a reimagined version of AgentNet®, its technology platform designed to deliver essential products…
Navy Federal Credit Union has introduced its new cashRewards Plus credit card, offering members a more rewarding way to earn cash back on everyday purchases. The cashRewards Plus card provides unlimited 2% cash back on all purchases, making it a…
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of Gulf Insurance Group K.S.C.P. (GIG) and Gulf Insurance and Reinsurance Company K.S.C. (Closed) (GIG-Kuwait) from “a” (Excellent) to “a+” (Excellent), while affirming their Financial Strength Ratings of A…
AM Best has downgraded the Long-Term Issuer Credit Rating (ICR) of Shelter Mutual Insurance Company and its property/casualty (P/C) subsidiaries from “a+” (Excellent) to “a” (Excellent), while affirming their Financial Strength Rating (FSR) of A (Excellent). Shelter Life Insurance Company,…
AM Best has announced the appointment of James A. Gillard Jr. as the new president of A.M. Best Rating Services, Inc. (AMBRS), effective September 30, 2024. Gillard succeeds Matthew C. Mosher, who will retire as president and CEO of AMBRS…
Axis Insurance Managers Inc. (Axis Insurance) is pleased to announce the acquisition of Baker Insurance, a well-regarded property and casualty brokerage based in Calgary. This strategic acquisition bolsters Axis Insurance’s regional presence and enhances its ability to deliver expert risk…
Essent Group Ltd. (NYSE: ESNT) announced that its subsidiary, Essent Guaranty, Inc., has secured $363.4 million in fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written between July 2023 and July 2024. The coverage was obtained from…
