MNK’s Florida Re gets A- rating from AM Best
Credit ratings agency AM Best has assigned Florida Insurance and Reinsurance Company (Florida Re), a subsidiary of global independent re/insurance conglomerate, MNK Group Holdings, a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of…
Two-thirds of modelled US flood losses go uninsured: Moody’s
Two-thirds of modelled U.S. residential flood losses go uninsured, leaving millions of homeowners and the broader economy financially exposed, according to Moody’s RMS modelling. Moody’s highlighted that flooding remains the most underinsured physical risk in the U.S., with only a…
Warty to lead Mosaic finpro lines for Americas expansion
Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risk, has announced the appointment of Sachin Warty as Global Head of Financial Institutions & Professional Liability (FinPro), December 15. Warty’s hire is part of the firm’s expansion plans…
FCA announces changes to simplify its rules and lower costs for insurers
The Financial Conduct Authority (FCA) has announced changes to simplify its insurance rules and reduce costs for insurers, while maintaining appropriate protection for smaller commercial customers, with further changes planned next year. The FCA emphasised that the final rules aim…
DUAL Group forms global partnership with CyberCube to strengthen cyber underwriting
DUAL Group, an international specialist underwriting agency, has entered a global partnership with CyberCube, a company known for its analytics and modelling solutions focused on cyber risk. The agreement is aimed at strengthening DUAL’s underwriting capabilities and enhancing the support…