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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.
Stable outlook for UK non-life insurance sector reflects resilient fundamentals: AM Best
14th April 2025
The United Kingdom's non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant developments in late 2024 was the upward revision of the Ogden discount rate, which ... Read the full article
AM Best revises London Market insurance segment outlook to stable
8th April 2025
AM Best has revised its outlook for the London Market insurance segment from positive to stable, citing emerging signs of a softening pricing environment. "Although the pricing environment for most business lines remains adequate and supportive of favourable underwriting profitability, it is showing signs of softening," the rating agency said in ... Read the full article
Japanese insurers turn to reinsurance and acquisitions for growth opportunities: AM Best
7th April 2025
Facing a mature domestic market with limited growth potential due to a shrinking and aging population, Japanese insurers are expanding into international markets, like the US and Australia, and making acquisitions to diversify revenue and sustain long-term growth, a recent AM Best report has revealed. Japan’s insurance industry is highly consolidated, ... Read the full article
AM Best places Next Insurance’s ratings under review following Munich Re acquisition
26th March 2025
Credit rating agency AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Next Insurance US Company (Next US) under review with positive implications. This follows the definitive agreement, signed on March 19, 2025, between Munich Re and Next ... Read the full article
AM Best assigns stable ratings to Fortegra Belgium Insurance Company
25th March 2025
AM Best, the credit rating agency, has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to Fortegra Belgium Insurance Company NV (FBIC), based in Belgium. The outlook for both ratings is stable, reflecting FBIC's strong balance sheet, as assessed by AM Best, ... Read the full article
AI model DeepSeek could improve operating efficiency for China’s insurers: AM Best
24th March 2025
The use of the artificial intelligence (AI) model DeepSeek among mainland China insurance companies has the potential to enhance operational efficiencies for small to medium-sized carriers, though it also introduces risks, according to AM Best. Several insurers in China have announced the deployment of DeepSeek in their operations. In a new commentary, ... Read the full article
Surplus notes gaining popularity among insurers as financial flexibility tool: AM Best
24th March 2025
AM Best, a global credit rating agency specialising in the insurance sector, has released a new report shedding light on a significant trend in the US property/casualty (P&C) and health insurance markets. According to their findings in the Special Report, "Hard Reinsurance Market Makes Surplus Notes Attractive for Some," surplus notes ... Read the full article
IQUW Re Bermuda gets $1bn capital boost and A- AM Best rating
24th March 2025
Global credit rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to IQUW Re Bermuda Limited, which enables IQUW to access $1 billion in group capital as the specialty re/insurer looks to expand its third-party reinsurance business. The ... Read the full article
Prolonged US tariffs expected to impact insurers’ loss costs, says AM Best
20th March 2025
AM Best, a credit rating agency focused on the insurance industry, has warned that the planned imposition of a 25% tariff on imports from Canada and Mexico, along with increased tariffs on China, is likely to negatively affect the insurance industry, particularly in the US homeowners’ and auto insurance sectors. According ... Read the full article
US P&C industry sees $22.9bn underwriting gain in 2024, reports AM Best
18th March 2025
According to recent analysis from global credit rating agency AM Best, the US property and casualty (P&C) industry recorded a $22.9 billion net underwriting gain in 2024, the first underwriting profit since 2020. This marks a significant improvement from the $21.3 billion underwriting loss reported by the sector in the previous ... Read the full article
ILS capacity reaches record $107bn in 2024: AM Best
18th March 2025
A recent report by AM Best, in collaboration with Guy Carpenter, reveals that the insurance-linked securities (ILS) market has reached a record-breaking capacity level of USD 107 billion by the end of 2024, driven by retained earnings and new capital inflows. This growth was further bolstered by two consecutive years on ... Read the full article
AM Best highlights shifts in US P&C insurer ratings
17th March 2025
A new report from AM Best, a credit rating agency specialising in the insurance industry, reveals that US property and casualty (P&C) insurer rating downgrades declined to 43 in 2024, down from 55 the previous year, despite persistent challenges in the personal lines sector. The report, titled "US Property/Casualty: Rating Upgrades ... Read the full article
AM Best assigns ratings to MGT Specialty, affirms MGT Insurance
13th March 2025
AM Best has assigned MGT Specialty Insurance Company (MGT Specialty) a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent). The credit rating agency has also affirmed the same ratings for MGT Insurance Company (MGT Insurance), both with a stable outlook. Together, MGT ... Read the full article
AM Best forecasts moderate growth for US life/annuity insurance sector in 2024-2025 period
12th March 2025
AM Best, the credit rating agency, forecasts moderate growth of approximately $48 billion in capital and surplus for the US life/annuity (L/A) insurance sector over the 2024-2025 period, as detailed in a new Best’s Market Segment Report. The segment’s net income is expected to surpass pre-pandemic figures, reaching an estimated $51.1 ... Read the full article
AM Best: US health insurance industry faces challenges but continues to stay profitable
12th March 2025
AM Best, a global credit rating agency focused on the insurance industry, has released its Annual Review & Preview Best's Market Segment Report, titled "US Health Insurers Met Challenges in 2024, but Pressures Expected to Persist in 2025." The report highlights that while the US health insurance industry saw favourable operating ... Read the full article
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