Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
AM Best and S&P Ratings Suspend All Commercial Operations in Russia March 30, 2022 AM Best announced it has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on...
‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures March 4, 2022 By Susanne Sclafane Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports...
James River Reserve Charge, ‘Strategic Actions’ Won’t Damage AM Best Rating March 3, 2022 AM Best announced March 1 that the rating agency won’t change the A- (Excellent) financial strength ratings for the operating...
AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry February 28, 2022 Russia’s invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021 February 24, 2022 By Chad Hemenway Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in...
Rating Upgrades Increase for U.S. P/C Insurers in 2021 February 16, 2022 Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results,...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3 January 25, 2022 By Chad Hemenway Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends...
AM Best Says Demand Surge and Inflation to Amplify Colorado Wildfire Losses January 12, 2022 AM Best expects demand surge and rising inflationary pressures on building costs to add to overall loss estimates in the...
AM Best Revised Outlooks to Positive for Aspire General in California December 20, 2021 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and...