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AM Best has upgraded Kinsale Insurance Company’s Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed its Financial Strength Rating (FSR) of A (Excellent). The outlook for the Long-Term ICR has been revised to stable from positive, while the outlook for the FSR is stable. AM Best also upgraded Kinsale […] The post AM Best upgrades Kinsale’s Issuer…
Clearwater Underwriting, a specialty underwriting business focused on marine risks, has entered the Crisis Management market with the appointment of Tim Strong as Managing Director, Crisis Management. In his new position, Strong will build and lead Clearwater’s dedicated Crisis Management business, which will initially focus on Active Assailant and Terrorism & Political Violence, with plans […]…
Stonybrook, a global specialist investment banking and reinsurance broking firm, has announced the appointment of Adam Fox as CEO of International, a London-based role. With over 25 years of experience in reinsurance, capital markets, and global insurance, Fox brings extensive expertise to Stonybrook. In his new position, the executive will lead efforts to expand Stonybrook’s […] The post Adam Fox…
Vantage Group Holdings Ltd. (Vantage), a specialty re/insurance business, has appointed Lucy Fato as its new General Counsel as the company moves into its next phase following its acquisition by Howard Hughes Holdings. In her new position, Fato will become part of Vantage’s leadership team and will advise Marc Grandisson, the company’s Executive Chairman, on […] The post Vantage appoints Lucy Fato…
The Allstate Corporation, a US personal property and casualty insurer, has estimated catastrophe losses of $682 million, or $539 million after tax, for July 2026. The catastrophe loss estimate includes 23 events, with approximately 75% of the losses related to two wind and hail events. Allstate’s July estimate is an increase from June’s figure of […] The post Allstate estimates $682m in cat losses…
International business insurer QBE has appointed Jack Norman as Director of Financial Lines for its International Markets portfolio, based in London. In his new role, Norman reports to Kevin Shallow, Executive Director, International Markets, QBE. He will additionally join QBE’s International Markets leadership team and work closely with underwriting teams and product leaders to set […] The post…
ICW Specialty, the specialty insurance business unit of ICW Group, has launched Legacy Solutions, a new platform designed to help self-insured corporations and other organisations manage and transfer long-term insurance liabilities, with Lisa Walsh to lead the new platform. Legacy Solutions is expected to go to market in September 2026, focusing on loss portfolio transfers […] The post ICW…
Ping An Insurance (Group) Company of China, Ltd. has announced its 2026 interim results for the first half of 2026, reporting a 4% year on year (YoY) growth in premium income for its property and casualty (P&C) business, increasing to RMB178,751 million (around USD 26.56 billion) The business’ premium income of new energy vehicle insurance […] The post Ping An’s P&C business sees 4% premium income…
The Guernsey Financial Services Commission has welcomed the announcement by the US National Association of Insurance Commissioners (NAIC) of the jurisdiction application for Qualified Jurisdiction status. The application was lodged in July with the support of the Guernsey International Insurance Association and the States of Guernsey, and marks an important step toward improving the terms […] The…
The US inland marine insurance market continues to post stronger underwriting results than the wider property and casualty (P&C) insurance sector, although insurers are facing limited premium growth and increasing competition, according to AM Best, a global credit rating agency and provider of insurance industry data and analysis. AM Best’s latest Best’s Market Segment Report, […] The post US…
