Insured losses from Baltimore bridge accident to only dent insurers' earnings: S&P

Published on March 26, 2024
The collapse of the Francis Scott Key Bridge in Baltimore could cause the largest marine insurance losses recorded, says S&P Global Ratings. However, the losses are unlikely to affect the ratings of
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HDI Global’s insurance revenue climbs 10% to €9.1bn in 2023, CoR lands at 91.5%

March 26, 2024
Industrial insurer HDI Global SE, part of the Talanx Group, has reported insurance revenue increased by 10% in 2023, reaching €9.1 billion, while its combined ratio improved to 91.5%.HDI Global noted that the growth in insurance revenue was primarily driven by the property and liability business, which resulted in an insurance service result of €770 million, on the back of higher interest rates, a

Enstar gets S&P ‘A’ rating for reinsurer Cavello Bay

March 26, 2024
Enstar Group has revealed that S&P Global Ratings has assigned an Insurer Financial Strength Rating of ‘A’ with a stable outlook to its Bermuda-based, wholly-owned subsidiary, Cavello Bay Reinsurance Limited.Matthew Kirk, Enstar’s Chief Financial Officer, commented on the issuance, “The S&P Insurer Financial Strength Rating is further confirmation of our strong capital position.“The ‘A’ rating for