by AIP Online Bureau | Oct 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
In its Best’s Commentary, “Jamaica’s Insured Losses From Hurricane Melissa Likely to Fall to Reinsurers,” AM Best notes thatinsurance penetration in Jamaica is low as only a small portion of property is insured on the island, which will limit insured losses....
by AIP Online Bureau | Oct 14, 2025 | Briefs, Reinsurance
General Insurance Corporation of India (GIC Re), a leading global reinsurer, has received an affirmation of its Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating (ICR) from AM Best, a globally recognized credit rating agency. AM Best has affirmed GIC...
by AIP Online Bureau | Aug 18, 2025 | International News, Reinsurance
Non-IFRS 17 RankIFRS 17 RankCompany NameLife & Non-Life Reinsurance Premiums (GPW)Life & Non-Life Reinsurance Revenue (Gross)Total Share-holders Funds2Combined Ratio3 1Swiss Re Ltd.361812324089.9 2Munich Reinsurance Company325553411277.3 3Hannover Rück...
by AIP Online Bureau | Jul 10, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology
The AI-driven proliferation of cyber-attacks also can increase the scale and complexity of attacks. Additionally, the ongoing challenge of ransomware, business email compromise and funds transfer fraud continues to escalate Rating agency AM Best said it is maintaining...
by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management
“Insurance companies have financial exposure to public equities — more so for P/C companies—whose decline will lead to unrealized losses and ultimately, declines in capital.There are 166 P/C insurers that have more than 25% of their assets allocated to...
