Month: October 2024

Stonefort Reinsurance’s A- Rating Affirmed by AM Best On October 17, 2024, AM Best reaffirmed the A- (Excellent) rating for Stonefort Reinsurance Co., recognizing the company’s robust capitalization. However, a stable outlook is accompanied by caution towards potential market volatility that could impact long-term performance. Insight into Stonefort Reinsurance’s Rating AM Best’s rating reflects Stonefort […]

Inszone Expands Footprint Through MG Insurance Acquisition Inszone Insurance Services has recently acquired MG Insurance, marking a significant expansion in its contractor insurance offerings and strengthening its presence in California’s Bay Area. This acquisition highlights Inszone’s strategic growth and emphasis on providing comprehensive insurance solutions tailored to various life stages and business needs, including life […]

AXA Renames Reinsurance Arm in Mainland China In a move to solidify its presence in the Chinese market, AXA has successfully received regulatory approval to rename its reinsurance arm in Mainland China. The restructured entity aims to provide more robust insurance solutions, catering to a wider range of clientele. Enhanced Services to Include Life Insurance […]

Can Telematics Drive Fairness in Auto Insurance by Reducing Bias? The advent of telematics is being hailed as a game-changer in the auto insurance industry, promising to reduce bias and introduce a fairer system for policyholders. Telematics involves the use of GPS and onboard diagnostics to track driving behavior, creating a more personalized insurance plan. […]

Accidental Death and Dismemberment Insurance Market Doubtless The Accidental Death and Dismemberment (AD&D) insurance market is showing robust growth, according to a recent analysis by openPR.com. Companies like Lincoln Financial Group and Hartford are major players in this expanding sector, underlining the importance of AD&D insurance in today’s risk-aware society. The Role of Life Insurance […]

IIS Announces Finalists for 2024 RGA Leaders of Tomorrow Award The International Insurance Society (IIS) has recently announced the finalists for the prestigious 2024 RGA Leaders of Tomorrow Award. This annual accolade celebrates young, innovative professionals in the field of insurance. The three finalists will vie for the top honor at the Global Insurance Forum […]

John Hancock Retirement Announces New Role Dedicated to Enhancing Engagement On June 30, 2024, John Hancock Life Insurance Company (USA) reported substantial achievements across 52,252 plans, supporting 1,559,650 participants, and managing $109,387,555,662.60 in Assets Under Management (AUMA). This milestone underscores the importance and benefits of life insurance in securing diverse financial interests. Life Insurance and […]

Ahead of Baden-Baden 2024 – What’s Reshaping the Specialty Reinsurance Market? As Baden-Baden 2024 approaches, the world of specialty reinsurance is undergoing significant shifts. Swiss Re, a prominent player in the reinsurance industry, has identified three key trends that are transforming the market. These trends are not only pertinent for the reinsurance sector but also […]

Life Insurance: A Pillar of Stability Amid Industry Uncertainty Recent turbulence in the insurance sector has sparked concerns about the industry’s stability. As insurance stakeholders contemplate the future, the focus turns to life insurance as a crucial element in providing financial security and stability. Life Insurance: A Comprehensive Safety Net In times of uncertainty, life […]

Experts Discuss the Growing Need for Life Insurance Amidst Changing Home Insurance Landscape In the US, the landscape of home insurance is undergoing significant changes, compelling experts to underscore the critical importance of life insurance tailored to various life events. According to specialists, a holistic approach to insurance combining home and life insurance is essential […]