Best’s News & Research Service - December 20, 2024 04:15 PM (EST)
Best's News: Industry Watchers on Trump 2.0: Tax Cuts, Tariffs and Sun-Setting ACA Subsidies
OLDWICK, N.J. //BestWire// - President Donald Trump’s return to the White House is expected to bring a more business-friendly approach compared with President Joe Biden’s administration, carrying with it implications across property/casualty, life, and health insurance lines, trade groups said in this week's Best's News.
Also in this week's Best's News:
— Switzerland-based insurer Helvetia said it plans to cut 500 positions over the next three years, excluding in Spain, which the company regards as its "second most important market."
— Axis Capital Holdings Ltd. will retrocede $2.3 billion of reinsurance segment reserves to Enstar Group Ltd. under a loss portfolio transfer structured as a 75% ground-up quota share, the companies said in a statement.
Best’s News is produced by AM Best for insurance professionals. To subscribe, visit www.ambest.com.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
(By Caroline Saucer, editor, BestWire: Caroline.Saucer@ambest.com)