Aggregator SelectQuote Hopes to Raise $570 Million in IPO: Insurance aggregator SelectQuote Inc. hopes to raise $570 million through an initial public offering. The senior health-focused aggregator would receive $340.2 million of the total, before expenses, and selling ...
Date: May 22, 2020 12:45:39

PartnerRe Names Head of Canadian Life & Health: PartnerRe Ltd. has named André Piché as president of its Canadian life & health operations. Piché will assume overall responsibility for the Canadian life & health business and report to Alan Ryder, chief executive ...
Date: May 22, 2020 12:32:26

SRI: Registered Index-Linked Annuities Sales on the Rise in 2020: Sales of registered index-linked annuities rose 38% in the first quarter, compared with 2019, as lower interest rates prompted a drop in fixed annuities transactions that’s likely to last through the year, according to the ...
Date: May 22, 2020 12:18:45

Ariel Re Insures Solar Firm’s Contractual Performance Guarantees: Ariel Re said it insured the contractual performance guarantees of NovaSource Power Services, a solar operations and maintenance company. The solar power outage insurance backstops NovaSource’s performance guarantee ...
Date: May 22, 2020 12:10:46

Virginia Governor Vetoes Three Health Bills, Citing Adverse Selection, Higher Rates: Virginia Gov. Ralph Northam has vetoed three health care bills that would have expanded access to association health plans and pooled business arrangements, citing concerns the legislation would reduce affordability, ...
Date: May 22, 2020 12:01:46

American Family More Than Doubles Auto COVID-19 Credits to $425 Million: American Family is more than doubling coronavirus-relief automobile premium credits to $425 million by extending credits through year end. It will reduce personal auto bills 10% from July through December, adding $225 ...
Date: May 22, 2020 11:38:17

Global Brokers Expand or Create Corporate Restructuring Units Amid Economic Downturn: Global brokers are expanding or creating corporate restructuring units that can work with the rising number of companies struggling to survive the economic downturn. Willis Towers Watson and Epic Insurance Brokers & ...
Date: May 22, 2020 11:31:46

SUNZ Holdings Names President: SUNZ Holdings LLC has named Rick Leonard as president of the company. Leonard has been at SUNZ for almost 10 years, most recently as director of sales and executive vice president. He initially joined as a broker relations ...
Date: May 22, 2020 11:28:41

AM Best Withdraws Credit Ratings of TM hf.: AM Best has maintained the under review with developing implication status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” TM hf. (TM) (Iceland). Concurrently, AM Best has ...
Date: May 22, 2020 11:28:23

Ardonagh’s First-Quarter Loss Narrows on Specialty, Advisory Growth: Ardonagh Group said the COVID-19 pandemic and resulting lockdown had a limited impact on its business as the broker narrowed its first-quarter net loss on gains in its advisory and specialty segments. “Following a strong ...
Date: May 22, 2020 11:06:01

BestWeek: MPL Insurers Pushing for Providers’ Immunity From COVID-19 Liability: Seeking to replace a “patchwork” of state laws and executive orders, medical professional liability insurers are hoping lawmakers in Washington will take the opportunity to provide nationwide limited and retroactive immunity ...
Date: May 22, 2020 11:00:37

AM Best Withdraws Credit Ratings of Global Hawk Property and Casualty Insurance Company: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Global Hawk Property and Casualty Insurance Company (Global Hawk) (Wilmington, DE). The outlook of these ...
Date: May 22, 2020 10:14:07

AM Best Affirms Credit Ratings of Athene Holding Ltd. and Its Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” of the members of Athene Group (Athene). Athene, which is focused on the fixed indexed ...
Date: May 22, 2020 10:09:44

California Notice: Some Insurers Exploiting COVID-19 Court Closures: Some insurance companies and their representatives have been exploiting the closure of the court system during the COVID-19 pandemic by offering financially strapped claimants low settlements, a notice from the California ...
Date: May 22, 2020 09:48:11

Swiss Re: Pandemic Shines Spotlight on Life Insurance: Digital sales and automatic underwriting are driving life insurance sales during the pandemic, said Neil Sprackling, president of U.S. life and health, and Chris Behling, Americas chief underwriter, life and health, both of ...
Date: May 22, 2020 09:38:40

AM Best: Insurers Reduce Hedge-Fund Investments for Fourth-Straight Year: Insurers reduced their hedge-fund investments to $12 billion in 2019, from $25 billion in 2015, said Jason Hopper, associate director, AM Best Rating Services. View the video version of this interview at: ...
Date: May 22, 2020 09:36:08

AM Best Assigns Credit Ratings to Title Resources Guaranty Company: AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Title Resources Guaranty Company (TRG) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is ...
Date: May 22, 2020 09:00:57

AM Best Withdraws Credit Ratings of SPJST: AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” from “bb” of SPJST (Temple, TX). The outlook of the Credit Ratings (ratings) has ...
Date: May 21, 2020 05:05:00

AM Best Affirms Credit Ratings of Scotia Insurance (Barbados) Limited: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Scotia Insurance (Barbados) Limited (Scotia Insurance) (Barbados). The outlook of these Credit Ratings ...
Date: May 21, 2020 04:53:02

AM Best Affirms Credit Ratings of Scotia Reinsurance Limited: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Scotia Reinsurance Limited (Scotia Re) (Barbados). The outlook of these Credit Ratings (ratings) is ...
Date: May 21, 2020 04:52:23