AM Best Reaffirms Credit Ratings for Summit Insurance Company Limited AM Best has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (ICR) of “a-” (Excellent) for Summit Insurance Company Limited (Summit), headquartered in…
Protective and Resolution Life Enter $9.7B Strategic Reinsurance Agreement Protective Life Corporation (“Protective”), a U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has announced the signing of a major strategic reinsurance agreement with Resolution Life, a global insurance group known…
Rivonia Road Capital Extends $50 Million Credit Facility to Insurance Commission Advance Provider Rivonia Road Capital LLC (“Rivonia”) is pleased to announce the successful closing of a $50 million senior secured revolving credit facility for a leading provider of commission…
AM Best Upgrades Outlook to Positive for Grange Insurance Group Members AM Best has recently revised the outlooks for Grange Insurance Group (Grange) from stable to positive, signifying an improvement in the company’s overall financial and operational performance. Additionally, AM…
Q1 2025 Insurance Labor Market Study Shows Continued Stability The latest iteration of the Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group, a premier provider of talent solutions for the insurance industry, and Aon plc (NYSE: AON),…
AM Best Confirms Credit Ratings for Fidelis Insurance Holdings Limited and Its Subsidiaries AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for Fidelis Insurance Bermuda Limited…
Crédit Agricole CIB Closes $1.2B Sustainability-Linked Loan with Suzano Crédit Agricole CIB has successfully closed a landmark $1.2 billion Sustainability-Linked Export Prepayment Facility with Suzano International Finance B.V. The transaction highlights Crédit Agricole CIB’s role as the Sustainability Structuring Agent,…
KBRA Assigns AA Rating with Stable Outlook to Louisiana General Obligation Refunding Bonds, Series 2025-A, and Affirms Parity Bonds Rating Introduction Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA to the State of Louisiana’s General Obligation…
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.…
