China approves first foreign-owned insurance asset managers

Published on June 20, 2025
Nearly half of the world's 40 largest insurers have now established a presence in China, and two more global players are set to deepen their footprint. AIA and Aegon have received regulatory approval
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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