-

AM Best to Sponsor and Participate at PAMIC’s 2025 Leadership Symposium

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will sponsor and participate in the Pennsylvania Association of Mutual Insurance Companies’ (PAMIC) 2025 Leadership Symposium, which will be held June 17-18, 2025, at the Omni Bedford Springs Resort, in Bedford, PA.

AM Best Director Joseph Burtone will present AM Best’s perspective on the state of the insurance industry on Wednesday, June 18, titled, "State of the Market" at 10:00 a.m. (EDT). During the session, Burtone will provide an overview with an emphasis on market challenges, including ongoing weather-related losses, efforts to achieve rate adequacy, casualty reserve challenges, stress testing and social inflation. The presentation will cover AM Best’s current market segment outlooks and the impact of changing reinsurance capacity on primary carriers. Burtone has worked for decades in the insurance industry, with nearly 25 years’ experience at AM Best. He is responsible for managing a team of rating analysts covering property/casualty insurance companies in the United States, including farm bureau companies, mutual insurers and regional writers.

AM Best is a platinum level sponsor for the event. PAMIC is a trade association that has represented the mutual insurance industry since 1907 with its membership representing much of the Mid-Atlantic region. To register and learn more about PAMIC’s upcoming symposium, visit the event webpage.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

AM Best


Release Versions

Contacts

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

More News From AM Best

Best’s Market Segment Report: AM Best Maintains Stable Outlook on UK Non-Life Insurance Segment Despite Elevated Geopolitical Risks

LONDON--(BUSINESS WIRE)--AM Best has maintained its stable outlook on the United Kingdom non-life insurance segment, reflecting its opinion that the headwinds and tailwinds affecting the segment's operating environment remain broadly balanced. In its new Best’s Market Segment Report, “Market Segment Outlook: United Kingdom Non-Life Insurance,” AM Best states that the trends of minimal economic growth and increasing rates of unemployment persisting into 2026 mean that insurers are likely to face...

Best’s Special Report: US Property/Casualty Insurance Industry Sees Underwriting Income Nearly Triple to $61 Billion in 2025

OLDWICK, N.J.--(BUSINESS WIRE)--The U.S. property/casualty (P/C) industry recorded a $60.9 billion net underwriting gain in 2025, almost tripling the $22.1 billion posted in the previous year, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: 2025 US Property/Casualty Financial Results,” and the data is derived from companies’ annual statutory statements received as of March 9, representing an estimated 96% of the P/C...

AM Best Assigns Credit Ratings to GUNA Re

HONG KONG--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to GUNA Re (Cayman Islands). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect GUNA Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. GUNA Re was established in February 2026 in the...
Back to Newsroom