Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best Finds US D&O Liability Market Prioritizing Long-Term Profitability Amid Competition, Emerging Risks
AM Best Director David Blades and Senior Industry Research Analyst Chris Graham discuss a new Best's Commentary that finds by year-end 2025, the directors and officers liability market appeared to be ...
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Source: BestWire

Liberty Mutual Appoints President for Ironshore
Liberty Mutual Insurance appointed Ben Johnson as president, Ironshore, the standalone wholesale segment within its North America business. Johnson joined Liberty Mutual in 2017 following its ...
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Source: BestWire

In Like a Lion: Gallagher Re Says US Insurers Hit With Back-to-Back Billion-Dollar Severe Storms
U.S. insurers incurred back-to-back catastrophe losses of $1 billion dollars or more after another round of severe convective storms in central and eastern states and historic late-season snowfall in ...
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Source: BestWire

AssuredPartners Sues The Liberty Company, Claiming It Lost 47 People in Months-Long Raid
AssuredPartners, a unit of Arthur J Gallagher Co., sued The Liberty Co. in federal court, accusing it of orchestrating a months-long "blitz of unfair competition" that resulted in 47 employees lost ...
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Source: BestWire

Liberty Mutual Names President of Underwriting, Global Risk Solutions
Liberty Mutual Insurance named Phil Hobbs, currently president, Liberty International Insurance, as president of underwriting, global risk solutions, effective April 1. In his new role, Hobbs ...
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Source: BestWire

Chubb Details $20 Billion Middle East Shipping Plan With US Government
Chubb Ltd. said the names of other American insurance companies that will participate in its $20 billion maritime reinsurance plan with the U.S. government for Middle East shipping will be disclosed ...
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Source: BestWire

Pacific Life Re in $4.61 Billion Longevity Reinsurance Transaction
Pacific Life Re said it has completed a €4 billion ($4.61 billion) longevity reinsurance transaction with Achmea Pension & Life Insurance. Pacific Life Re said it was awarded half of the total €8 ...
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Source: BestWire

Weekly Podcast Highlights - March 20
Nick Abraham, chief executive officer of Amwins Global Risks, discusses how economics and capacity are shaping the London specialty insurance market in this week's industry podcast ...
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Source: BestWire

AIA Posts 2025 Profit on Double-Digit Asia-Pacific Growth
AIA Group Ltd. reported double-digit growth in most of its Asia-Pacific markets as the life/health insurer's chief executive officer sees demographic and market penetration advantages despite ...
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Source: BestWire

AM Best: US D&O Liability Market Prioritizing Long-Term Profitability Amid Competition, Emerging Risks
AM Best Director David Blades and Senior Industry Research Analyst Chris Graham discuss a new Best's Commentary that finds by year-end 2025, the directors and officers liability market appeared to be ...
Date:
Source: BestWire

MS Amlin Syndicate Posts 50.2% Underwriting Income Gain in 2025
MS Amlin's Lloyd's Syndicate 2001 posted a 50.2% surge in underwriting profit in 2025 on underwriting and risk selection improvements. Underwriting profit rose to $350 million from $233 million a ...
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Source: BestWire

AM Best Assigns Credit Ratings to GUNA Re
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to GUNA Re (Cayman Islands). The outlook assigned to these Credit Ratings ...
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Source: BestWire

Best's Rankings: US Life/Health Admitted Assets Grow 7.3% in 2025
The total U.S. life/health industry's admitted assets of $9.83 trillion at the end of 2025 were up 7.3% from the prior year, according to a new Best's Rankings report. Prudential of America Group ...
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Source: BestWire

Best's Rankings: 2025 US Property/Casualty NPW Rise 5%; Top-25 Growth Strongest at Progressive
U.S. property/casualty net premiums written increased 5% last year, a rate exceeded by seven of the 10 largest writers, according to a new Best's Ranking. Net premiums written totaled $975.78 ...
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Source: BestWire

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

AM Best Affirms Credit Ratings of Sun Hung Kai Properties Insurance Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

NHTSA Upgrades Probe into 3.2M Teslas Over Self-Driving Crashes
The National Highway Traffic Safety Administration on Thursday escalated its probe into 3.2 million Tesla vehicles with Full Self-Driving driver-assistance on concerns the system may fail to detect or warn drivers in poor visibility. NHTSA first opened a preliminary evaluation …
Date: Friday, March 20, 2026

Oklahoma Insurance Producer Has License Revoked Following Investigation
The Oklahoma Insurance Department (OID) announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, Oklahoma, following an investigation led by its Anti-Fraud Unit. On Feb. 11, 2026, a show-cause hearing was held …
Date: Friday, March 20, 2026

Texas Takes Over Permitting for Carbon Storage Projects
The Texas Railroad Commission spent two years working to secure the authority to issue the permits energy companies need to inject and store carbon dioxide underground, a power previously held by the federal government. Last November, the Environmental Protection Agency …
Date: Friday, March 20, 2026

Inszone Acquires Ohio Valley Insurance
Inszone Insurance Services, a provider of commercial, personal, and benefits insurance solutions, is pleased to announce its expansion in the Midwest through the acquisition of Ohio Valley Insurance, an established independent insurance agency with deep roots in agricultural and crop …
Date: Friday, March 20, 2026

People Moves: Liberty Mutual Names Hobbs President of Underwriting, GRS
Liberty Mutual Insurance, headquartered in Boston, Massachusetts, named Phil Hobbs, currently president, Liberty International Insurance, as president of underwriting, Global Risk Solutions (GRS), effective April 1. Hobbs, who is based in London, will report directly to GRS President Matthew Moore …
Date: Friday, March 20, 2026

FirstEnergy Execs Face Corruption Trial in Bribery Scheme
Jurors in Akron began deliberating this week in the corruption trial of two fired FirstEnergy Corp. executives charged for their alleged roles in a sweeping $60 million bribery scheme that resulted in a lucrative bailout of two affiliated nuclear plants. …
Date: Friday, March 20, 2026

Rapper Wins Defamation Lawsuit Against Ohio Deputies Over Music Videos
The Grammy-nominated rapper Afroman won a defamation lawsuit filed by seven Ohio sheriff’s deputies who sued him over music videos in which he used home security footage to mock their raid of his home. “We did it, America! Yeah, we …
Date: Friday, March 20, 2026

Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance
Insurance industry trade associations are applauding a decision to change the homeowners insurance required by Fannie Mae and Freddie Mac, which the trades said will lower costs for homeowners and buyers. The Federal Housing Finance Agency this week announced the …
Date: Friday, March 20, 2026

Indian Gas Tankers Getting Ready to Sail Through Hormuz, Data Shows
Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in coming days after a pause in voyages, with no crude oil tankers having transited the waterway in the past 24 hours, according to shipping …
Date: Friday, March 20, 2026

Football Club Lyon Sued for $63 Million Over Igor Jesus Funding
French top-tier football club Olympique Lyonnais is facing a $63 million legal claim to pay back debt linked to the transfer of Brazilian star Igor Jesus, putting yet more scrutiny on the team’s finances and ownership structure. A subsidiary of …
Date: Friday, March 20, 2026

Decades After Canal Project Was Abandoned, Advocates Trying to Link 3 Rivers
It was supposed to be Florida’s version of the Panama Canal — a shortcut for boats to pass through the middle of the state from the Atlantic Ocean to the Gulf instead of navigating around the peninsula. But work on …
Date: Friday, March 20, 2026

Tally Hospital Sues to Evict Patient Who Won’t Leave Room 5 Months After Discharge
The patient in Room 373 refuses to leave. Tallahassee Memorial Healthcare earlier this month sued the patient, saying she has refused to depart her hospital room since being discharged last October. The hospital also has asked a state judge in …
Date: Friday, March 20, 2026

Rural New York Insurance Agency Under Investigation, Police Report
A Warwick, New York insurance agency is under investigation for alleged illegal practices. The Warwick Police Department reported it executed a warrant to search Fullerton Insurance in January for the purpose of obtaining documentation, electronic devices, and other potential evidence …
Date: Friday, March 20, 2026

FAA Mandates Radar Checks on Helicopters and Planes Near DC Airport
Air traffic controllers will use radar, not just visual checks, to ensure that helicopters maintain a safe distance from arriving and departing airplanes in the wake of last year’s fatal midair collision near Washington, D.C., federal officials announced Wednesday. The …
Date: Friday, March 20, 2026

UK to Seek Closer EU Ties on Financial Services as Reeves Chases Growth
The UK’s city minister will visit European capitals next week in a push to deepen ties with the European Union on financial services as Chancellor of the Exchequer Rachel Reeves seeks to spur economic growth domestically. Lucy Rigby will meet …
Date: Friday, March 20, 2026

Hiscox Manager Faces Greek Perjury Charge Over Extradition Case
A manager at London-listed insurer Hiscox faces a criminal charge of providing false testimony during an attempted extradition of a former colleague from Greece to Bermuda, court proceedings and filings seen by Reuters show. An Athens prosecutor alleges the manager, …
Date: Friday, March 20, 2026

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