Insurance News

MEXICO CITY--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb+” (Fair) to Multiseguros S.U., S.A. (Multiseguros). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings of Multiseguros reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The ratings also reflect M...

GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 10 cents per share to be paid on September 30, 2026 to stockholders of record at the close of business on September 21, 2026. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates two segments of the proper...

MEXICO CITY--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Seguros Suramericana S.A. (Sura) (Panama). The Credit Ratings (ratings) reflect Sura’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The revision of the outlo...

CLEVELAND--(BUSINESS WIRE)--AppraisalWorks, a leading provider of collateral management systems, along with Accurate Group, a leading national appraisal management company (AMC) and provider of technology-enabled real estate solutions, today announced a strategic partnership with HomeVision, the industry leader in AI-powered review of valuation services. The collaboration integrates HomeVision’s AI-powered review technology directly into the appraisal and valuation workflows used by lenders and...

MEXICO CITY--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Genesis Global Re Limited (Genesis) (Nassau, Bahamas). The Credit Ratings (ratings) reflect Genesis’ strategic importance as a subsidiary of La Colonial, S.A. - Compañía de Seguros (La Colonial), which on a consolidated basis, has a balance sheet strength that AM Best assesses as stronges...

MEXICO CITY--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of La Colonial, S.A. – Compañía de Seguros (La Colonial) (Santo Domingo, Dominican Republic). The Credit Ratings (ratings) reflect La Colonial’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriat...

SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. The funded status of the Milliman PFI plans grew by $3 billion during August, thanks to market returns that outweighed a small discount rate decrease. Milliman 100 plan asset values increased by $5 billion for the month, thanks to August’s 0.92% investment return, which was abov...

ALEXANDRIA, Va.--(BUSINESS WIRE)--The Armed Forces Benefit Association (AFBA) today announced that Command Sergeant Major (CSM) (Retired) John Sampa will join its Board of Directors effective September 1, 2026, following his service on the Board of Directors of 5Star Life Insurance Company, AFBA’s wholly owned subsidiary. Sampa's transition to the AFBA Board reflects the enterprise's commitment to strong governance and mission-focused leadership as it continues serving military service members,...

ALEXANDRIA, Va.--(BUSINESS WIRE)--5Star Life Insurance Company today announced the appointment of Timothy G. Arnold and Kimberley E. Wooding to its Board of Directors, effective September 1, 2026. Together, they bring more than six decades of insurance, financial services, and executive leadership experience to the Board, further strengthening the company's ability to serve military service members, government employees, first responders, and civilian markets. “Tim and Kim bring extensive insur...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of AMERISAFE, Inc. (headquartered in DeRi...