AM Best, a renowned credit rating agency, recently revised the outlook for Group Ark Insurance Limited (GAIL) from stable to positive regarding its Long-Term Issuer Credit Rating (Long-Term ICR). Concurrently, it affirmed a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term ICR of “a”
In a significant move for the global insurance industry, the Ardonagh Group has secured a milestone equity investment valued at $14 billion from Stone Point Capital LLC, a prominent US-based private equity firm. This substantial transaction positions Stone Point as a major shareholder in Ardonagh,
American International Group, Inc. (AIG) has completed a significant transaction, selling approximately 120 million shares of Corebridge Financial's common stock to Nippon Life Insurance Company. This resounding deal, valued at $3.8 billion with each share priced at $31.47, reflects AIG's
A major shift has taken place within the Board of Directors at Corebridge Financial, a well-known American multinational financial services company. Alan Colberg has been elected as the new Chairman of the Board, a role previously held by Peter Zaffino since November 2021. Colberg joined the Board
NatWest and Aviva's recent five-year partnership aims to significantly enhance the insurance offerings available to NatWest's customers, providing them with a wider array of protection services. This collaboration expands upon the existing relationship NatWest has with AIG Life, now incorporated
AXA UK's comprehensive research unveils that over half of respondents feel unprepared to handle potential flooding or heat-related damage, raising critical concerns about the future of England's housing amidst climate change. The study synthesized publicly available data and AXA UK's claims
