New insurance accounting standard offers buffer for smaller players

Published on June 20, 2025
With the deadline for implementing China's new insurance contract accounting standard drawing closer, the Ministry of Finance and the National Financial Regulatory Administration (NFRA) have jointly
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AmRisc launches Illinois-domiciled reciprocal insurance exchange

June 19, 2025
AmRisc, a subsidiary of CRC Group, has launched an Illinois-domiciled, reciprocal insurance exchange, Calais Reciprocal Insurance Exchange, which has already been assigned a financial strength rating of A- (Excellent) by AM Best.Calais is backed with $100 million of funding that will provide additional capacity for AmRisc’s coastal commercial E&S property insurance portfolio. Meanwhile, AmRisc wil

Fitch upgrades QBE ratings, citing strong financial performance

June 20, 2025
Credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of QBE Insurance Group Limited to ‘A’ from ‘A-’ and raised the Insurer Financial Strength (IFS) Ratings of its core subsidiaries to ‘AA-’ from ‘A+’.The outlook for all ratings is stable. Fitch pointed to QBE’s improved financial performance, solid capital position, and steady business fundamentals as the main