
A global credit rating agency, news publisher, and data analytics provider specializing strictly in the insurance industry. Its financial strength ratings (FSR) serve as the benchmark standard for evaluating the creditworthiness and stability of risk carriers globally.
AM Best expects the Mindanao earthquake to generate multi-line economic losses, particularly from damage to property and infrastructure, but anticipates insured losses will represent only a small fraction of total economic damage due to the catastrophe protection gap in the Philippines. On 8th June 2026, a magnitude 7.8 earthquake struck the southern Philippines, which AM […] The post Mindanao earthquake insured losses to be limited due to Philippines’ protection gap: AM Best appeared first on ReinsuranceNe.ws.
US D&O premiums have fallen from nearly $15 billion in 2021 to just over $10 billion last year, and AM Best says the reckoning may be close
AM Best, the credit rating agency, has upgraded the Financial Strength Rating of FuSure Reinsurance Company Limited, a Hong Kong-based reinsurer owned by Tencent Holdings Limited, to A (Excellent) from A- (Excellent). It has also raised the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent), with the outlook remaining stable. AM Best attributes […] The post AM Best raises FuSure Re ratings on capital strength and Tencent support appeared first on ReinsuranceNe.ws.
Credit ratings agency AM Best finds that insurance companies are well-prepared to handle any direct impact from the recent outbreaks of the Ebola virus and Andes hantavirus, thanks in part to the “lessons learned” from the COVID-19 pandemic in coverage gaps and systemic vulnerabilities. The latest outbreaks are putting a renewed focus on the insurance […] The post Insurers better prepared to deal with disease outbreaks since COVID: AM Best appeared first on ReinsuranceNe.ws.