The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Ocean International Reinsurance Company Limited (Ocean Re) (Barbados) ...

Q4 2024 Management View CEO Mario Greco highlighted a record business operating profit (BOP) of $7.8 billion for 2024, representing a 5% year-over-year increase. The core return on equity (ROE) ...

Global insurance company Willis Towers Watson predicts the airline insurance market will likely remain competitive in the ...

The Bermuda Risk Summit 2025 will feature renowned climate expert Jeff Goodell, who will discuss “how climate change is ...

Credit rating agency AM Best has revised the outlooks to negative from stable for Mercury General Corporation and its ...

Allstate expects reinsurance recoveries of $1.4bn for the California wildfires, which resulted in a net loss estimate of ...

US insurer Allstate has disclosed today that it expects $1.4 billion of reinsurance recoveries will be made from its program ...

Allstate (NYSE:ALL) estimates catastrophe losses of $1.08B or $849M, after-tax, for the month of January. Catastrophe losses ...

Somerset Re has finalized three reinsurance transactions and has three additional deals in progress, highlighting a period of ...

Current trends indicate that the aviation insurance market is unlikely to harden in the first half of 2025. Early reinsurance ...