Reinsurance

Richmond National Group, Inc. Launches New U.S. Excess and Surplus Lines Insurance Company

Friday, October 15, 2021 - 3:29pm

RICHMOND, Va., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Richmond National Group, Inc. (Richmond National) today announced the formation of Richmond National Insurance Company (RNIC), a specialty excess and surplus lines insurance company.

Key Points: 
  • RICHMOND, Va., Oct. 15, 2021 (GLOBE NEWSWIRE) -- Richmond National Group, Inc. (Richmond National) today announced the formation of Richmond National Insurance Company (RNIC), a specialty excess and surplus lines insurance company.
  • It is a unique time for starting a new excess and surplus lines insurance company, and Richmond, given its deep pool of entrepreneurial insurance talent, was the natural place to locate our company, said Kavanagh.
  • Richmond National Group, Inc. is the holding company for Richmond National Insurance Company, a specialty excess and surplus lines insurance company serving select wholesale brokers across the country.
  • Richmond National Insurance Company is rated A- (Excellent) by A.M. Best Company.

AXIS Capital Provides Initial Comments on Third Quarter 2021 Results

Thursday, October 14, 2021 - 9:15pm

AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced a third quarter net loss estimate for catastrophes and other weather-related events of approximately $250 million, pre-tax ($219 million, after-tax).

Key Points: 
  • AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced a third quarter net loss estimate for catastrophes and other weather-related events of approximately $250 million, pre-tax ($219 million, after-tax).
  • AXIS Capital also noted continuing improvements in its current accident year combined ratio excluding catastrophe and weather-related losses, consistent with progress observed in the first half of 2021.
  • The Company's results will be discussed during its conference call on Thursday, October 28, 2021 at 9:30 AM (EDT).
  • The Company uses its website ( www.axiscapital.com ) and its corporate LinkedIn (AXIS Capital) and Twitter (@AXIS_Capital) accounts as channels of distribution of Company information.

AM Best Affirms Credit Ratings of MAPFRE México, S.A.

Thursday, October 14, 2021 - 6:49pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

AM Best Affirms Credit Ratings of MAPFRE Fianzas, S.A.

Thursday, October 14, 2021 - 6:31pm

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • Such scenarios have been incorporated into the ratings and present a key point for AM Best to review in coming years.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of MAPFRE S.A.’s Rated Operating Subsidiaries

Thursday, October 14, 2021 - 6:25pm

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 MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.

Key Points: 
  • 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 MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.
  • The ratings reflect MAPFREs balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

O'KEY Group S.A.: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Thursday, October 14, 2021 - 5:11pm

For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.

Key Points: 
  • For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.
  • 2 For persons discharging managerial responsibilities: the position occupied within the issuer, emission allowances market participant/auction platform/auctioneer/auction monitor should be indicated, e.g.
  • - Name and position of the relevant person discharging managerial responsibilities.
  • 3 Indication that this is an initial notification or an amendment to prior notifications.

O'KEY Group S.A.: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Thursday, October 14, 2021 - 5:11pm

For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.

Key Points: 
  • For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.
  • 2 For persons discharging managerial responsibilities: the position occupied within the issuer, emission allowances market participant/auction platform/auctioneer/auction monitor should be indicated, e.g.
  • - Name and position of the relevant person discharging managerial responsibilities.
  • 3 Indication that this is an initial notification or an amendment to prior notifications.

O'KEY Group S.A.: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Thursday, October 14, 2021 - 5:11pm

For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.

Key Points: 
  • For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.
  • 2 For persons discharging managerial responsibilities: the position occupied within the issuer, emission allowances market participant/auction platform/auctioneer/auction monitor should be indicated, e.g.
  • - Name and position of the relevant person discharging managerial responsibilities.
  • 3 Indication that this is an initial notification or an amendment to prior notifications.

O'KEY Group S.A.: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Thursday, October 14, 2021 - 5:11pm

For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.

Key Points: 
  • For legal persons: full name including legal form as provided for in the register where it is incorporated, if applicable.
  • 2 For persons discharging managerial responsibilities: the position occupied within the issuer, emission allowances market participant/auction platform/auctioneer/auction monitor should be indicated, e.g.
  • - Name and position of the relevant person discharging managerial responsibilities.
  • 3 Indication that this is an initial notification or an amendment to prior notifications.

Skyward Specialty Expanding Its Professional and Management Liability by Adding Cannabis Coverage for D&O and E&O Lines

Thursday, October 14, 2021 - 2:00pm

Skyward Specialty Insurance Group, Inc. (Skyward Specialty or the Company) is broadening its Professional and Management Liability solutions for the U.S. Legal Cannabis Market by expanding its private company appetite and adding cannabis-related risk to multiple coverage classes.

Key Points: 
  • Skyward Specialty Insurance Group, Inc. (Skyward Specialty or the Company) is broadening its Professional and Management Liability solutions for the U.S. Legal Cannabis Market by expanding its private company appetite and adding cannabis-related risk to multiple coverage classes.
  • We are ready to solve the long-term risk transfer needs in the emerging cannabis marketplace, said Michael Abdulahad, Senior Vice President of D&O Lines.
  • The company has highly respected businesses in specialty lines including management and professional liability, healthcare professional liability, medical stop loss, surety, E&S property and liability, large commercial property, programs, as well as multi-line solutions for the energy, trucking, and construction industries.
  • Skyward Specialtys subsidiary insurance companies consist of Houston Specialty Insurance Company; Imperium Insurance Company; Great Midwest Insurance Company; and Oklahoma Specialty Insurance Company.