Tag: Reinsurance

AM Best Downgrades Erie Insurance Group Property/Casualty Ratings, Affirms Erie Family Life

AM Best downgrades Erie Insurance Group's property/casualty credit ratings from A+ to A, citing underwriting losses and weather claims impact. Erie Family Life's rating affirmed.

Skyward Specialty Acquires Apollo Group for $555M, Expands Lloyd’s Market Presence

Skyward Specialty Insurance Group to acquire Lloyd’s specialist Apollo Group for $555 million, enhancing US specialty insurance market position and entering Lloyd’s with over $3 billion premium.

Moody's Survey Signals Rate Reductions and Rising Demand in 2026 U.S. Property Reinsurance

Moody's 2025 survey reveals expected declines in U.S. property reinsurance rates for 2026 amid rising demand and stable attachment points, offering key insights for insurers and reinsurers.

Continental General Recaptures LTC Risk from Munich Re, Enhancing Asset Base

Continental General Insurance completes risk recapture from Munich Re on life and long-term care policies, boosting assets and reserves with full risk assumption.

Colorado Allocates $100M to Counteract ACA Tax Credit Expiry Impact

Colorado enacts $100 million state funding to limit premium hikes after ACA enhanced tax credits expire, emphasizing reinsurance and federal subsidy roles.

Allstate Reports Lower Catastrophe Losses for July 2025, Boosts Reinsurance Coverage

Allstate reports $184M catastrophe losses for July 2025, down from prior year and increases reinsurance coverage to $9.5B to manage catastrophe risk.

Swiss Re Names Robin Spencer COO of Life and Health Reinsurance

Swiss Re appoints Robin Spencer as COO of Life and Health Reinsurance to drive operational efficiency and technology integration amid strong financial performance.

TransRe Adopts Cytora AI to Digitize Facultative Reinsurance Operations

TransRe partners with Cytora to deploy AI-driven digital risk processing in facultative reinsurance, improving underwriting accuracy and operational efficiency.

American Integrity Insurance Group Reports Robust Q2 2025 Growth Post-IPO

American Integrity Insurance Group reports strong Q2 2025 financial results with significant policy growth and robust underwriting in Florida's residential property insurance market following its IPO.

State Farm Halts New Home and Business Insurance in California Over Wildfire Risks

State Farm suspends new home and business insurance applications in California due to soaring wildfire risks and rebuilding costs, highlighting challenges in the property insurance market.