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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Investors Heritage Life Insurance Company (IHLIC) (Frankfort, KY). The outlook of the FSR is stable. The ratings reflect IHLIC’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, neutral busines...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the U.S. operating subsidiaries of Global Indemnity Group, LLC (Global Indemnity) (Delaware) [NASDAQ: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of Global Indemnity. (See below for a complete list of companies and ratings.) The outlook of these Credit Ratings (ratings) is stable. T...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Utica First Insurance Company (Utica First) (Oriskany, NY). The Credit Ratings (ratings) reflect Utica First’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterpris...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of TruStage Financial Group, Inc. (TruStage) and Union Security Insurance Company remain unchanged following the organization’s recent announcement that it sustained a cybersecurity incident on July 11, 2026. TruStage’s cyber incident has had a critical impact on its organization's technology infrastructure. Although TruStage management believes that the threat has been contained, some aspects of its ongoing...

MARLBOROUGH, Mass.--(BUSINESS WIRE)--OneShield, a leading provider of core insurance technology solutions for property and casualty insurers and MGAs, has appointed Rick Becker as Senior Vice President, New Products. The newly created role is focused on bringing new capabilities to market for OneShield customers, extending work the company already has underway. Becker brings decades of experience leading technology, operations, and product organizations across the P&C insurance industry. He...

NEW YORK--(BUSINESS WIRE)--KBRA Releases the July 2026 issue of CMBS Trend Watch. Following a very strong June for issuance, the commercial real estate (CRE) securitization market experienced a summer seasonal slowdown in July. A total of 10 private label CMBS conduit and single-borrower (SB) transactions priced during the month, down from 18 in June. SB deals continue to dominate issuance, accounting for eight of the transactions. Despite the slower monthly pace, year-to-date (YTD) private lab...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Scotia Insurance (Cayman) Limited (SIC) (Cayman). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect SIC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The company reported approx...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Scotia Reinsurance (Cayman) Limited (Scotia Re) (Cayman). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Scotia Re’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.The company repo...

PHILADELPHIA--(BUSINESS WIRE)--Reliance Matrix expands its Employee Navigator absence management integration so employers don't need to build a separate Leave eligibility file....

QUÉBEC--(BUSINESS WIRE)--Faisant suite à l’approbation préalable par l’Autorité des marchés financiers (Québec), iA Société financière inc. (la « Société ») annonce qu’elle a envoyé aujourd’hui à tous les porteurs inscrits de ses débentures subordonnées 3,072 % échéant le 24 septembre 2031 (les « débentures ») un avis officiel et des directives en vue du rachat des débentures. La Société procédera au rachat des débentures, en date du 24 septembre 2026, moyennant le paiement d’un montant de rach...