Insurance Level News and Press

AM Best Rating Acitivity and News

Neptune Insurance Announces Public Offering Pricing and Size
Neptune Insurance Holdings Inc., the parent company of managing general agent Neptune Flood, said certain security holders will now sell 9.84 million shares of Class A common stock for $27.50 per ...
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Source: BestWire

New NAIC Group Probing National Childcare ‘Liability Insurance Crisis’
The National Association of Insurance Commissioners launched a new working group to explore challenges and potential solutions for what some trade groups describe as a national liability insurance ...
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Source: BestWire

AM Best Affirms Credit Ratings of Nectaris Re Ltd.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris ...
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Source: BestWire

Lloyd's Exec Warns of Secondary Effects of Middle East Exposure for Markets
Lloyd’s doesn't expect the Middle East conflict to be a capital event for the market based on exposures in the region and damages observed to date, a Lloyd's executive said. The current view is ...
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Source: BestWire

Pelagos Swings to First-Quarter Net Income; Bridge Collapse Impacts Reserve Development
Pelagos Insurance Capital Ltd. improved to a first-quarter $108 million net income, compared with a $42.5 million net loss a year earlier, when it was known as Fidelis Insurance Holdings. A ...
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Source: BestWire

Malibu Life Appoints Chief Executive Officer
Malibu Life Holdings Ltd. appointed Todd D. Shriber to succeed Gary Dombowsky as chief executive officer, effective July 20. Dombowsky will step down as CEO on the same date but will continue to ...
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Source: BestWire

Washington Appeals Court Allows Discovery on Discriminatory Nature of Weight Drug Exclusion
A Washington state appeals court is allowing discovery in a lawsuit claiming an exclusion covering weight loss drugs in plans from the state’s healthcare authority is discriminatory. The lawsuit ...
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Source: BestWire

Industry Warns of Rate Increases Following Illinois Senate’s Passage of Auto Insurance Bill
The Illinois Senate’s passage of an automobile insurance rate bill is triggering warnings from insurance industry trade groups of impending rate increases should the legislation be ...
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Source: BestWire

Manulife Net Available Income More Than Doubles in First Quarter as Sales Jump
Manulife Financial Corp. posted a rise in first-quarter net income attributed to shareholders of C$1.15 billion ($837.9 million) in the first quarter, from $485 million from the prior years as it saw ...
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Source: BestWire

Fresh Off Travelers Canada Deal, Definity CEO Anticipates Additional Acquisitions
Months after completing a $2.4 billion deal with Travelers, Definity Financial Corp.'s president and chief executive officer foresees anticipates additional deals. Travelers' Canadian business ...
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Source: BestWire

AM Best Assigns Credit Ratings to Builders Alliance Insurance Company; Downgrades Issuer Credit Rating of Builders Mutual Insurance Company and Affiliate
AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Builders Alliance Insurance Company. The outlook ...
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Source: BestWire

Protective Life Names Successor to Retiring CEO
Protective Life Corp. a U.S. subsidiary of Daiichi Life Group Inc., has appointed Paul Wells to succeed Rich Bielen as chief executive officer, effective Jan. 1, 2027. Bielen will retire at the ...
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Source: BestWire

AM Best Upgrades Issuer Credit Rating of MS Amlin AG (MS Reinsurance)
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of MS Amlin AG (MS ...
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Source: BestWire

Weekly Calendar: AM Best's Analytical Briefing on the State of the Florida Property Market, May 21
AM Best will participant across several gatherings, including the SIR 2026 Annual Conference & Exhibit Fair, where the company will be attending, speaking, exhibiting, and sponsoring, as well as ...
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Source: BestWire

AM Best to Present at European Life Settlement Association’s 2026 Longevity & Mortality Investor Conference
AM Best will participate in the Longevity and Mortality Market Origination panel at the European Life Settlement Association (ELSA) Longevity & Mortality Investor Conference in London on Tuesday, 19 ...
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Source: BestWire

QBE Re Hires Former Scor Exec as Regional Head of Middle East and North Africa
QBE Re, the reinsurance division of global insurance group QBE, has appointed Montassar Cherrak as its regional head of Middle East and North Africa. In this newly created role, Cherrak will lead ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Chicago Museum’s ‘Knight Rider’ Car Ticketed for Speeding in NY Hasn’t Moved in Years
It’s a mystery on the streets of New York City. What traffic law violator with unpaid fines is driving a black Pontiac Trans Am that looks like the car with the talking computer from the 1980s TV series “Knight Rider,” …
Date: Thursday, May 14, 2026

New Law Requires Insurance Rate Filings in Oklahoma to Undergo Review Process
Oklahoma Governor Kevin Stitt this week signed a bill that gives the insurance department the authority to review insurance rate changes before they can go into effect. Under House Bill 3781, all rates in competitive markets shall be filed 30 …
Date: Thursday, May 14, 2026

El Niño Odds Rise as Storm and Crop Threats Intensify Globally
The odds are rising that a weather-roiling El Niño will emerge in the next few months and strengthen through the year, threatening global crop supplies, altering storm patterns and pushing temperatures toward record highs. There is an 82% chance El …
Date: Thursday, May 14, 2026

Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
Date: Thursday, May 14, 2026

Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator
Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies win a delay of new capital rules. A slew of Boehly’s companies, …
Date: Thursday, May 14, 2026

People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
Date: Thursday, May 14, 2026

Howden Acquires Indiana-Based Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, a leading cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. …
Date: Thursday, May 14, 2026

Ohio Man Sued for Alleged Model Train Scam
Ohio Attorney General Dave Yost is suing a Brecksville man accused of taking consumers’ money for collectible model trains that he never delivered. The lawsuit, filed in Cuyahoga County Common Pleas Court, alleges that Chase D. Wheeler operated Chase’s Train …
Date: Thursday, May 14, 2026

People Moves: Alliant Insurance Services Adds John Montague to Midwest Benefits Team
John Montague joined Alliant Insurance Services as vice president within its employee benefits group. Based in Minneapolis, Minnesota, Montague has more than 30 years of industry experience spanning the provider, payer, and patient landscapes with a focus on the delivery …
Date: Thursday, May 14, 2026

Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling
It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit. But that’s where any clarity around the future …
Date: Thursday, May 14, 2026

NCCI: Workers’ Comp Calendar Year Combined Ratio at 91; Accident Year CR 102
U.S. workers’ compensation net written premium decreased 0.2% in 2025, according to the National Council on Compensation Insurance (NCCI). NCCI reported that while the calendar year 2025 combined ratio for workers’ compensation is 91 (compared with 86 the prior year), …
Date: Thursday, May 14, 2026

Shepherd Insurance Expands Florida Footprint With Arnold Agency Acquisition
Indiana-headquartered Shepherd Insurance, ranked as one of the largest groups of independent agencies, has acquired Arnold Insurance in southwest Florida, the company announced. The partnership will keep the Arnold team in place while giving access to Shepherd’s broader carrier relationships …
Date: Thursday, May 14, 2026

Brookfield Merges Insurance Unit as Flatt’s Overhaul Takes Hold
Brookfield Corp. is merging its shares with those of its insurance business as the firm pushes ahead with plans to transform itself into an investment-led insurer. The merger of the parent company and the insurance business will improve Brookfield Corp.’s …
Date: Thursday, May 14, 2026

Alex Murdaugh’s Murder Conviction Tossed on Clerk Interference
Richard Alexander Murdaugh, the disbarred South Carolina attorney found guilty in 2023 of murdering his wife and son, won his bid Wednesday to overturn his conviction and get a new trial over comments the county clerk made to jurors. The …
Date: Thursday, May 14, 2026

AM Best Downgrades Credit Ratings of Arrow Mutual of Massachusetts
AM Best has downgraded the credit ratings of Massachusetts-based workers’ compensation carrier Arrow Mutual Liability Insurance Co. The ratings firm downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) …
Date: Thursday, May 14, 2026

Denver Airport Security Missed Trespasser Killed By Plane on Runway
Workers at Denver airport missed a security breach by a man who scaled a perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said …
Date: Thursday, May 14, 2026

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