Insurance Level News and Press

AM Best Rating Acitivity and News

Aon Reinsurance Solutions Germany CEO To Retire After 30 Years of Service
Aon plc has announced the retirement of Jan-Oliver Thofern, chief executive officer of Aon’s Reinsurance Solutions Germany and chairman of the country board for Aon Germany, effective Jan. 1, ...
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Source: BestWire

Ascot Group Appoints Former Selective Executive as Chief Investment Officer
Ascot Group Ltd. has appointed Joseph Eppers as group chief investment officer and a member of the company's global executive committee. Eppers will lead Ascot's global investment strategy and ...
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Source: BestWire

Zurich Hires Former AIG Exec as US Head of Energy
Zurich Insurance has hired Alex Baron as U.S. Head of Energy. Baron will oversee the technical and strategic direction of Zurich’s U.S. energy business, which includes property/casualty solutions ...
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Source: BestWire

Liberty Launches UK, Ireland Commercial Retail Specialty Effort
Liberty Specialty Markets launched a bespoke proposition for mid- to upper-midsize retail corporations as part of a regional investment strategy across the United Kingdom and Ireland. The launch ...
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Source: BestWire

AM Best Comments on Credit Ratings of Unipol Assicurazioni S.p.A.
AM Best has commented that the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Unipol Assicurazioni S.p.A. (Unipol) ...
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Source: BestWire

Australia, New Zealand Form Joint Resilient Insurance Markets Initiative to Mitigate Losses
The Insurance Council of Australia and Insurance Council of New Zealand said they have agreed to form the Resilient Insurance Markets Initiative to coordinate advocacy, share expertise and help build ...
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Source: BestWire

Willis Expands International Property Facility
Broker Willis said it expanded its international property facility to offer up to $60 million of follow capacity per placement. The automatic follow capacity also expanded with new markets, ...
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Source: BestWire

IGI Expands With New Reinsurance License in India's GIFT City
International General Insurance Holdings Ltd. said it gained registration approval from the International Financial Services Centres Authority to operate an IFSCA insurance office in India's Gujarat ...
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Source: BestWire

Pacific Life Re Enters Life Block Reinsurance Deal With Tokio Marine
Pacific Life Re said it entered its third asset-intensive block reinsurance deal with Tokio Marine and Nichido Life Insurance Co. Ltd. (Anshin Life). The deal covers in-force whole of life ...
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Source: BestWire

AM Best Affirms Credit Ratings of Donegal Insurance Group Members and Donegal Group Inc.
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 members of Donegal Insurance Group (Donegal ...
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Source: BestWire

AM Best Chief Operating Officer Joins ‘Lead The Machine’ Podcast to Discuss State of AI Implementation in Insurance Industry
AM Best Executive Vice President and Chief Operating Officer Stefan Holzberger appears as a featured guest on the “Lead The Machine” podcast to discuss artificial intelligence (AI) use across the ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to Principal Financial Group, Inc.’s New Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “a” (Excellent) to Principal Financial Group, Inc.’s (PFG) (headquartered in Des Moines, IA) recently announced USD 400 million issuance of ...
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Source: BestWire

AM Best to Hold Analytical Briefing on Developments in Delegated Underwriting Authority Enterprises (DUAE) Segment
AM Best will hold a special analytical briefing with analytical staff and industry experts to explore developments within the delegated underwriting authority enterprises (DUAE) segment. The briefing ...
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Source: BestWire

USAA to Issue $500 Million Dividend to Florida Insureds on Top of Rate Decreases
USAA said it will distribute a $500 million dividend to Florida automobile insurance policyholders, on top of rate decreases. Other carriers have taken similar steps in a state where personal ...
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Source: BestWire

Connecticut AG, Lawmakers Opposing Double-Digit Health Insurance Rate Requests
Health insurers are requesting to raise Connecticut’s individual market rates an average of 16.2% and small group rates an average of 17.8%, requests that drew sharp rebukes from the state’s attorney ...
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Source: BestWire

Retirees Seek Judge's Approval of $23 Million Settlement Proposed by Metropolitan Life
Retirees suing Metropolitan Life Insurance Co. over the mortality tables used to calculate some annuity payments are asking a federal judge to approve a $23 million settlement with the ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit
Nashville residents will likely remember the massive fire—one year ago today—that destroyed the downtown library’s parking garage, totaled dozens of vehicles, and left the library closed for months. Travelers Excess & Surplus Lines, which had provided a multimillion-dollar policy for …
Date: Wednesday, June 10, 2026

Trial Begins for Man Accused of Sparking Deadly Palisades Fire
A federal arson trial began this week for the man accused of sparking last year’s deadly Palisades Fire as the area struggles to rebuild and the aftermath reverberates through the Los Angeles mayor’s race. Jonathan Rinderknecht, 29, appeared in court …
Date: Wednesday, June 10, 2026

Inszone Acquires Professional Insurance Strategies in Arizona
Inszone Insurance Services acquired Professional Insurance Strategies LLC in Arizona. Founded in 2006 by Gary Hanson, Professional Insurance Strategies was built to serve complex, niche industries. The firm specializes in the construction and public transportation sectors. Sacramento, California-based Inszone is …
Date: Wednesday, June 10, 2026

US Customs Agency, Trade Judge to Seek Path to Final Tariff Refunds
Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by …
Date: Wednesday, June 10, 2026

Rio Grande Valley Farmers are Bracing for Severe Drought
Texas heat can be relentless. For much of the year, farmers and ranchers were preparing for a tough summer of drought. As of Monday, nearly 50% of the state was experiencing some level of drought conditions according to the U.S. …
Date: Tuesday, June 9, 2026

Israel Kills Eight in Strike on Lebanon; US Rescues Helicopter Crew From Hormuz
Israel struck the historic port city of Tyre in southern Lebanon on Tuesday, killing at least eight people, in an escalation that adds strain to efforts to broker a peace deal to end the wider Middle East war. On Monday, …
Date: Tuesday, June 9, 2026

Texas Governor Vows Sped Up Construction of Screwworm Fly Breeding Facility
Texas Gov. Greg Abbott expressed concern last week that a new factory isn’t expected to start breeding sterile New World screwworm flies for more than a year as a big part of the effort to stop its flesh-eating larvae from …
Date: Tuesday, June 9, 2026

NFP Acquires Kansas’ Signature Personal Insurance
NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, announced the acquisition of certain assets of Signature Personal Insurance, LLC (SPI), a Greater Kansas City, Kansas-based independent personal lines agency specializing in high-net-worth clients. Roper …
Date: Tuesday, June 9, 2026

Company Ordered to Pay $500K Fine for Violating Asbestos Regulations in Michigan
Applied Partners LLC was sentenced to pay a $500,000 fine and complete a two-year term of probation for the company’s illegal handling of regulated asbestos containing material (RACM) at a site in Saginaw, Michigan. The company had previously pleaded guilty …
Date: Tuesday, June 9, 2026

People Moves: Miller Bermuda Taps Stubbings From McGill and Partners as Chair; Tokio Marine Kiln Hires Talbot AIG’s Rennie as Head of Political Violence and Terrorism
This edition of International People Moves details appointments at the broker Miller Bermuda and Lloyd’s insurer Tokio Marine Kiln (TMK). A summary of these new hires follows here. Miller Bermuda Taps Stubbings From McGill and Partners as Chairman Miller, the …
Date: Tuesday, June 9, 2026

Workers’ Compensation Costs Running High in Pennsylvania: WCRI
Total workers’ compensation costs per claim in Pennsylvania are high relative to other states included in a recent study from the Workers Compensation Research Institute (WCRI). The study found that after declining from 2020 to 2022, total costs per claim …
Date: Tuesday, June 9, 2026

Chinese Hackers Pose Biggest Espionage Threat to Tech Firms, CrowdStrike Says
China-linked hackers posed the biggest espionage threat to technology companies over the past year, CrowdStrike, a cybersecurity firm, said in a report published on June 9, amid surging investment in artificial intelligence. The hacking campaigns align with the Chinese government’s …
Date: Tuesday, June 9, 2026

Earthquake Off Cuba Felt Across South Florida
People across south Florida reported feeling a 6.1-magnitude earthquake centered off the western tip of Cuba on Monday, a reminder that the region may have more than hurricane losses to think about. No injuries or damage were reported, but residents …
Date: Tuesday, June 9, 2026

India’s Ship Certifier Takes Tougher Stance on Sanctioned Tankers
India’s ship safety certifier is taking a tougher stance on vessels involved in evading international trade sanctions, by canceling the certification of more than 200 tankers and other ships since 2023, the head of the agency told Reuters. The Indian …
Date: Tuesday, June 9, 2026

Judge Scraps Trump Policy Restricting Wind, Solar Tax Breaks
A U.S. judge vacated a Trump administration policy implemented last year that made it harder for wind and solar energy projects to claim federal tax subsidies, according to court documents. The decision is the latest legal blow to U.S. President …
Date: Tuesday, June 9, 2026

USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout
When USAA announced nearly $4 billion in policyholder dividends in December last year, the military insurer cited its financial discipline and the proactive steps of members to prevent losses among reasons for the payout. This week, USAA announced another forthcoming …
Date: Tuesday, June 9, 2026

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