Rosemarie Mirabella and Tom Rosendale, both directors at AM Best, discussed with AM BestTV the factors beyond Best’s Capital Adequacy Ratio, including qualitative and quantitative measures that help develop an assessment of life and annuity insurers’ financial strength.
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Our outlook for the personal lines segment remains at Stable, owing to strong risk-adjusted capitalization and policyholder surplus that is at an all-time high.
Bridget Maehr, associate director, AM Best, said most rated U.S. health insurers have balance sheet assessments of strongest or very strong. She spoke with AM BestTV about Best’s Capital Adequacy Ratio and other metrics.
We are maintaining our Stable outlook for the US commercial lines, owing to solid risk-adjusted capitalization and the profitability of workers’ compensation line.
QBE Group Ltd. has sold its subsidiaries in Indonesia, Philippines and Puerto Rico — marking the group’s completion of streamlining operations to become smaller and simpler.
The number of impairments in the insurance industry declined to two in 2017.
US P/C insurers have benefited from a lengthy period of economic growth, but fundamental shifts in the bond markets are causing carriers to re-think their fixed-income strategies.
We are maintaining our $100 billion net ultimate loss estimate for asbestos but raising it $4 billion for environmental, as sites are found to be more toxic than originally thought.
EY's Yen and Connolly: Expensive Tech Doesn't Automatically Solve Business Challenges
An AM Best analysis of the U.S. property/casualty (P/C) industry under the rating agency’s 2017 Best’s Credit Rating Methodology (BCRM) update shows that most companies remain strongly capitalized and are able to demonstrate patterns of stability that reflect their quality of capital, asset-liability management and diverse reinsurance programs.
AM Best is maintaining a stable market segment outlook for the personal lines segment of the U.S. property/casualty insurance industry in 2019, citing improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns.
AM Best is maintaining a stable market segment outlook for the commercial lines segment of the U.S. property/casualty insurance industry in 2019, citing robust risk-adjusted capitalization, profitability in the workers’ compensation line of business, modestly improved interest rates and the benefits of U.S. tax reform. AM Best also views stable reinsurance pricing as a factor in this outlook.
Australia’s Bank of Queensland Terminates Sale of Insurance Unit to FreedomAustralia’s Bank of Queensland has terminated a deal to sell its life insurance arm, St. Andrew’s Insurance, to Freedom Insurance Group.
Stonybrook Managing Director: Bank Troubles Cast Shadow Over Surplus Notes MarketRavi Arps, managing director, Stonybrook Capital, said the financing tool available to mutual insurance companies faces a fragmented market, but has demonstrated it can be an attractive option for insurers and investors.
CMS: National Health Care Spending Slowed Significantly in 2017National spending on health care slowed considerably last year, growing at a rate of 3.9% in 2017, the second consecutive year that health care spending has slowed down, according to data from the Centers for Medicare and Medicaid Services.
Governor Signs New York Principle-Based Reserving Bill; Law Becomes Effective in 2020New York Gov. Andrew Cuomo signed legislation allowing the state to implement a principle-based reserving standard for life insurers, replacing formulas industry representatives said forced carriers to over-reserve.
Aon Benfield: Wildfire Losses Should Exceed $10 Billion for Second Consecutive YearWildfire insured losses should exceed $10 billion for the second consecutive year, which could change the hazard’s status as a secondary peril, according to Impact Forecasting director and meteorologist Steve Bowen.
Standard Diversified to Acquire Tri-State Consumer Insurance for $54.1 MillionStandard Diversified Inc. said it will acquire Tri-State Consumer Insurance Co.’s holding company through a $54.1 million stock purchase agreement with WT Holdings Inc.
AM Best Places Credit Ratings of Tri-State Consumer Insurance Company Under Review With Negative ImplicationsAM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Tri-State Consumer Insurance Company (Tri-State) (Jericho, NY).
Eleven Insurance Groups Seek Two-Year Delay on IFRSA coalition of 11 insurance industry trade associations is seeking a two-year delay in the implementation of IFRS 17, which is designed to improve the insurance underwriting processes.
Franz Josef Hahn
Peak Re Sponsors the Formation of Sidecar Lion Rock RePeak Reinsurance Co. Ltd. has launched a sidecar transaction through the newly formed Lion Rock Re Ltd. to provide collateralized retrocession for the company.
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