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AM Best
Insurance and reinsurance industry news that mentions rating agency AM Best. AM Best is a key rating agency for insurers and reinsurers, with its insurance and reinsurance ratings and analysis closely watched by market participants.
D&O insurance sees strongest loss performance in over a decade despite premium decline
20th May 2025
AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in more than ten years during 2024, despite declining premium volumes and ongoing underwriting ... Read the full article
AM Best maintains stable outlook for Japan’s non-life insurance sector amid structural improvements
19th May 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory oversight. The Financial Services Agency (FSA) has taken a more assertive stance over the past 18 months, focusing ... Read the full article
AM Best supports EU nat cat insurance proposal but stresses need for greater clarity
15th May 2025
AM Best, the credit rating agency, has expressed cautious support for a new European Union proposal to create a public-private reinsurance scheme focused on natural catastrophe risks. While the credit rating agency sees potential benefits for the insurance sector across the bloc, it emphasises that many of the plan’s essential details ... Read the full article
US surplus lines market sees continued growth amid P&C pressures: AM Best
15th May 2025
AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. This rise in premiums highlights significant opportunities spurred by ongoing challenges in the property and casualty (P&C) sector. The latest Best's Special Report reveals that ... Read the full article
Stable outlook for GCC insurance market: AM Best
14th May 2025
AM Best, the credit rating agency, has reaffirmed its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). In its latest report, Best’s Market Segment Report: Market Segment Outlook: Gulf Cooperation Council Insurance, AM ... Read the full article
AM Best maintains stable outlook for Chile’s insurance industry amid regulatory advancements
13th May 2025
AM Best, the credit rating agency, has reaffirmed its stable outlook for Chile’s insurance market, attributing its assessment to continued growth in premiums, consistent profitability, and a more robust regulatory framework. These findings are detailed in the company’s latest market segment analysis, "Market Segment Outlook: Chile Insurance." According to the report, insurance ... Read the full article
AM Best upgrade fuels casualty growth in strong market conditions: Hamilton CEO
12th May 2025
Hamilton Insurance Group, a Bermuda-based insurance and reinsurance provider known for its underwriting platforms, is making the most of favourable conditions in the casualty market—bolstered by a recent credit rating upgrade from AM Best, the credit rating agency. During the company’s Q1 2025 earnings call, CEO Pina Albo highlighted a strong ... Read the full article
Taiwan dollar’s sharp appreciation poses risks to life insurers’ overseas investments: AM Best
9th May 2025
According to a recent commentary published by AM Best, the credit rating agency, the Taiwan dollar has strengthened against the US dollar at a speed not previously recorded, gaining approximately 8% within a two-day span. AM Best states that this sharp currency movement may have significant repercussions for Taiwanese life insurers, ... Read the full article
UAE insurers’ operating performance remains resilient despite unprecedented rains: AM Best
7th May 2025
The operating performance of United Arab Emirates (UAE) insurers remains resilient despite the impact of severe rains early last year on full-year earnings, events that have also highlighted the region's natural catastrophe exposures, according to a recent report by AM Best. While the market traditionally considers earthquakes as the most significant ... Read the full article
US insurers surpass cost of capital despite elevated cat losses: AM Best
28th April 2025
In 2024, despite the continued challenge of high catastrophe losses, US insurers in the property and casualty (P&C), life and annuity (L&A), and health sectors successfully exceeded their cost of capital, according to a recent report by credit rating agency, AM Best. This was achieved through strong investment returns and effective ... Read the full article
AM Best revises outlook to positive for SiriusPoint
28th April 2025
AM Best has revised the outlook of SiriusPoint's rated operating subsidiaries to positive from stable, citing the firm's consolidated balance sheet strength, operating performance, neutral business profile, and appropriate enterprise risk management. The rating agency explained that revising the outlook to positive from stable reflects SiriusPoint’s improved balance sheet strength following ... Read the full article
Growing risks for US P&C insurers amid rising secondary perils: AM Best
25th April 2025
A new report from AM Best, the credit rating agency, highlights a pressing issue for the US property and casualty insurance sector: nearly half of all US states recorded their highest single-year property catastrophe loss ratio in the past decade at levels more than 20 percentage points above their respective ... Read the full article
AM Best upgrades FAIR Oil & Energy Insurance Syndicate credit ratings
17th April 2025
Credit rating agency AM Best has upgraded the credit ratings of FAIR Oil & Energy Insurance Syndicate (FOEIS), and revised the outlook to stable from positive. FOEIS’ Financial Strength Rating has been upgraded to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good). AM ... Read the full article
Central & West Asian insurers turn to international reinsurance amid risks: AM Best
16th April 2025
Central and West Asian insurers are increasingly turning to international reinsurance business as they seek to diversify their domestic books and establish a presence in foreign markets—though this approach carries substantial risks, according to a recent report by AM Best. The rating agency noted that the withdrawal of Russian capacity following ... Read the full article
Tariff-driven market swings could undermine insurer capital bases: AM Best
15th April 2025
Despite a current 90-day reprieve, the recent stock and bond market volatility stemming from U.S. tariff changes could pressure insurers’ balance sheets going forward, causing unrealised losses in equity portfolios and diminished capital bases, according to AM Best. In a new report, the rating agency has suggested that there is potential ... Read the full article
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