Insurance Level News and Press

AM Best Rating Acitivity and News

Markel Insurance Names Head of Fine Art and Specie
Markel Insurance has appointed Danny O’Donoghue to head of fine art and specie, effective immediately. O’Donoghue will be based in London and will be responsible for leading the strategic and ...
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Source: BestWire

MGA Platform Sands Point Risk Acquires Launch Environmental Underwriters
Multi-program managing general agent platform Sands Point Risk has acquired Launch Environmental Underwriters in what the company said is its largest acquisition to date. Sands Point said Launch ...
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Source: BestWire

Generali Exec Eyes Inflation as Portugal's Storm Kristin Exceeds Loss Budget
Assicurazioni Generali S.p.A. is wary of inflation linked to rising oil prices but sees opportunities for property/casualty pricing while Portugal's Storm Kristin exceeded the group's first-quarter ...
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Source: BestWire

AM Best Affirms Credit Ratings of Nacional de Seguros S.A. Compañía de Seguros Generales
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Nacional de Seguros S.A. Compañía de Seguros Generales (Nacional de Seguros) ...
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Source: BestWire

Weekly Calendar: AM Best Participating in Several Events, Including the CAS Seminar on Reinsurance
AM Best will be participating in several notable events, including the Mercado Asegurador Reinsurance Seminar in Buenos Aires, the 2026 CAS Seminar on Reinsurance, the Philippine Insurance Summit ...
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Source: BestWire

AM Best Upgrades Credit Ratings for Members of Healthcare Providers Insurance Group
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Healthcare Providers ...
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Source: BestWire

AM Best Affirms Credit Ratings of Lumen Re Ltd.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda). The outlook of these Credit ...
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Source: BestWire

Markel, Willis Launch Nuclear Facility Amid Rising Energy Demand
Markel International and broker Willis launched an insurance facility to provide capacity for the nuclear sector amid rising energy demand. The facility will provide capacity for nuclear ...
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Source: BestWire

AM Best Affirms Credit Ratings of Dubai Insurance Company (PSC)
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Dubai Insurance Company (PSC) (DIN) (United Arab Emirates). The ...
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Source: BestWire

AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of United Kingdom Mutual War Risks Association Limited (UK War Risks or ...
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Source: BestWire

AM Best Affirms Credit Ratings of Intact Financial Corporation and Its Core Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of Intact Insurance Company, the lead company of ...
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Source: BestWire

AM Best Affirms Credit Ratings of Qatar Islamic Insurance Group Q.P.S.C.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Qatar Islamic Insurance Group Q.P.S.C. (QIIG) (Qatar). The outlook ...
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Source: BestWire

Argenta Syndicate Management Hires Unit Head of Marine Reinsurance
Argenta Syndicate Management Ltd. has hired Simon Saunders to succeed Stephen Haynes as unit head marine reinsurance, effective July. Haynes will retire in January 2027. Saunders will be ...
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Source: BestWire

Great American's Mid-Continent Group Names CFO
Great American Insurance Group promoted Sarthak Nigam to succeed Gregg Jones as vice president and chief financial officer of its subsidiary, Mid-Continent Group. Jones retired in April, after ...
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Source: BestWire

MS&AD Posts 13.8% Net Income Rise, Says Industry Must Respond to Dramatic Changes
MS&AD Insurance Group Holdings Inc.'s fiscal year net attributable income increased 13.8% to ¥787.34 billion ($4.94 billion). In light of societal, environmental and technological changes and ...
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Source: BestWire

HDI Global Posts First-Quarter Profit Hike on Investments, Lower Losses
HDI Global AG posted higher first-quarter profit as the commercial and specialty insurer saw flat revenue and good investment income while reporting lower large losses. First-quarter net income ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

One of World’s Largest Energy Storage Plants Launches in South Dakota
This small city in rural northeastern South Dakota has established itself as an energy hub for the entire Great Plains region, and that reputation has received a big boost by landing what will be among the world’s largest energy storage …
Date: Thursday, May 21, 2026

Markets/Coverages: MGA Rokstone Launches Cargo Stock-Only Cover for Inventory Risk
Rokstone, the international specialty re/insurance MGA, announced the launch of a cargo stock-only program, supported by US$25 million of capacity, to support brokers and their clients with smarter, more flexible coverage and competitive premiums. One of just a handful of …
Date: Thursday, May 21, 2026

AM Best Revises Outlooks to Stable for Missouri Valley Mutual
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Missouri Valley Mutual Insurance Company (MVMIC) based in Burke, South Dakota. …
Date: Thursday, May 21, 2026

Texas Summer Camps Face Closure Due to New State Regulations
After almost 20 years of bouncing from campground to campground, Orr Family Ministries finally found its home in 2022 on a 12-acre tree-filled campground located on a hill in Colorado County. Kids played in the swimming pool, worshipped by the …
Date: Thursday, May 21, 2026

Iran in Talks With Oman Over Permanent Toll System for Hormuz
Iran is discussing with Oman how to set up some form of a permanent toll system that will formalize its control of maritime traffic through the Strait of Hormuz. “Iran and Oman must mobilize all their resources both to provide …
Date: Thursday, May 21, 2026

Texans Hate Data Centers So Much They Are Asking Jesus for Help
In Granbury, Texas, city council meetings begin with a prayer. But at a session back in January, one local invoked the Almighty in a way that would have been unimaginable just a decade ago. “I want to pray in Jesus’ …
Date: Thursday, May 21, 2026

WTW Sues Former Yacht Team, Howden US Over Defection
Howden US is again being sued by a rival broker over another group of new employees who are alleged to have breached loyalty and post-employment contractual obligations. According to a lawsuit filed May 19 in U.S. District Court for the …
Date: Thursday, May 21, 2026

Trump to Sign Order on AI Oversight as Security Fears Mount Among Supporters
U.S. President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of …
Date: Thursday, May 21, 2026

US P/C Industry Underlying Growth Expected to Slow in 2026
The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but a report from the Insurance Information Institute (Triple-I) …
Date: Thursday, May 21, 2026

Maine High Court Upholds Claims Settlement, Case Dismissal Over Insured’s Objection
A court was right to acknowledge an insurance company’s settlement of a claim and dismiss the lawsuit against its insured without the insured’s approval, the Maine Supreme Judicial Court has ruled. The insured, Patrick O’Brien, objected to the settlement and …
Date: Thursday, May 21, 2026

Containment Grows on California Wildfire That Forced Thousands to Evacuate
Containment has continued to increase on the Sandy fire in Simi Valley, which prompted evacuation orders for tens of thousands of people in Ventura County earlier this week. Though fire activity has slowed, the blaze still poses danger, fire officials …
Date: Thursday, May 21, 2026

War Overtakes Civil Unrest as Top Political Violence Exposure for Global Businesses
War has overtaken civil unrest as the political violence exposure that companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden adversarial powers and heighten risks to business assets, according to …
Date: Thursday, May 21, 2026

Jury Sides With Insurers, Finding Takeda Liable for $885M in Damages
A U.S. jury found Takeda Pharmaceutical liable for causing about $885 million in damages by delaying a generic version of its constipation drug Amitiza through an anticompetitive scheme. Jurors in federal court in Boston, following a five-week trial, sided with …
Date: Thursday, May 21, 2026

NY Archdiocese Can Depose Chubb CEO Greenberg in Clergy Abuse Claims Case
The Archdiocese of New York (ADNY) has received the go-ahead to depose Chubb Insurance CEO Evan Greenberg in the ongoing legal dispute over liability insurance coverage for clergy sex abuse claims. Chubb sought to block the ADNY from deposing Greenberg, …
Date: Thursday, May 21, 2026

Crypto Crime Escalates With Kidnappings, Cons and Human Coercion
After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses. Conferences are beefing up security. Private firms serving crypto holders say demand has surged. Exchanges are protecting their executives. …
Date: Thursday, May 21, 2026

Viewpoint: Insurers Cautiously Navigate the Next Steps in AI Adoption
As more and more companies embed AI into select functions, only a portion indicate that they have used AI to change how an overall enterprise runs. It illustrates one of the key takeaways drawn from a recent industry survey by …
Date: Thursday, May 21, 2026

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