by AIP Online Bureau | Nov 22, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security, Reinsurance
Property reinsurance rates and terms have been relatively stable and are unlikely to soften in the coming months, owing to the hurricane activity during this year. Life insurance remains a good source of diversification for the large global reinsurers. The global...
by AIP Online Bureau | Oct 11, 2024 | Indian News, Non-Life, Reinsurance
AM Best upgraded GIC Re’s Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) Singapore: After downgrading GIC Re’s rating four years ago, AM Best on Friday has upgraded...
by AIP Online Bureau | Aug 29, 2024 | International News, Non-Life, Reinsurance
In AM Best’s `World’s 50 largest reinsurers in 2023’, Munich Re is the largest IFRS 17 reporting reinsurer followed by Hannover Re and SCOR Re. Swiss Re is the largest non-IFRS 17 reporting reinsurer globally, followed by Berkshire Hathaway and...
by AIP Online Bureau | Aug 7, 2024 | International News, Non-Life, Reinsurance
Today’s upgrade from AM Best follows that of S&P Global at the end of last year, with both agencies acknowledging the strength and resilience of Lloyd’s balance sheet.The upgrade further enhances Lloyd’s ability to attract and retain investors due to its unique...
by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Demand for coverage remains strong due to heightened natural catastrophe loss activity and general economic uncertainty,” said Carlos Wong-Fupuy, senior director, AM Best OLDWICK, N.J: International rating agency AM Best has revised its market segment...
