Insurance Level News and Press

AM Best Rating Acitivity and News

Prudential of Japan Extends Sales Voluntary Suspension After Disclosing Employee Misconduct
Prudential of Japan and its parent company Prudential Financial Inc. said it has extended a voluntary suspension of new sales by an additional 180 days. The initial 90-day suspension began on ...
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Source: BestWire

Confie Acquires Kemper Property/Casualty Distribution Business With 72 Agencies
Confie has acquired Kemper's retail property/casualty insurance distribution business, including Newins Insurance Agency Holdings LLC. The deal includes 72 retail property/casualty agencies ...
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Source: BestWire

Chubb Posts First-Quarter Profit Hike Amid Underwriting, Investment Gains
Chubb Ltd. posted higher first-quarter net income on strong underwriting and investment income as its chief executive officer warned of inflation and slower economic growth made worse by Middle East ...
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Source: BestWire

Gallagher Re: Data Centers in At-Risk Areas Will Likely Add to Rise in Severe Storm Losses
A staggering rise in U.S. severe convective storm losses in recent years has been driven mainly by volatility from the energy market, construction and labor costs, social inflation and how and where ...
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Source: BestWire

Blue Ocean CEO: Cayman Reinsurance Market Gains Momentum as Global Capital Accelerates Growth
Adrian Lynch, chief executive officer, Blue Ocean Reinsurance Group, discusses Cayman's growing reinsurance market, fueled by U.S. ties, rising institutional interest and demand for stable ...
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Source: BestWire

California Insurance Commissioner Files Intervenor Rule Changes
California Insurance Commissioner Ricardo Lara submitted a rulemaking package with the Office of Administrative Law to overhaul the state’s rate-request intervention system for the first time in 35 ...
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Source: BestWire

ING Launches Managing General Agent
Banking giant ING has launched a managing general agent it said would allow it to be better respond to evolving customer needs and market shifts. ING said in a statement the delegated authority ...
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Source: BestWire

Blackwell Captive Solutions Develops Cannabis-Focused Group Captive on Medical Stop-Loss
Blackwell Captive Solutions, a group medical stop-loss captive aimed at reducing health care costs, said it has developed a homogeneous captive designed specifically for cannabis operators and ...
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Source: BestWire

UnitedHealth Net Income Up Slightly on Better Cost Management, Plan Changes
UnitedHealth Group Inc.’s first-quarter net earnings edged up to $6.48 billion, from $6.47 billion the prior year, due to pricing and benefit updates and more manageable medical costs, which remained ...
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Source: BestWire

Swiss Re Appoints Head of Property/Casualty Reinsurance in Asia
Swiss Re has appointed Anna Ziswiler as head of property/casualty reinsurance Southeast Asia, India, Hong Kong, Taiwan and Korea, effective May 1. Ziswiler will be based in Singapore and become ...
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Source: BestWire

World Insurance Associates Appoints Chief Executive
World Insurance Associates has hired John Newell to succeed Rich Eknoian as chief executive officer. Eknoian established World in 2011 and will be appointed chairman. Newell brings more than ...
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Source: BestWire

AM Best Affirms Credit Ratings of The Wawanesa Mutual Insurance Companyand Wawanesa Life Insurance Company
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of The Wawanesa Mutual Insurance Company (Wawanesa ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of Compagnie Commune de Réassurance des Etats Membres de la CIMA
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Compagnie Commune de Réassurance des Etats Membres de la CIMA (CICA-RE) ...
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Source: BestWire

MS Amlin Launches Lloyd's Sub-Syndicate to Support Portfolio Solutions Team
Lloyd's underwriter MS Amlin launched a sub-syndicate it said will aim for innovative growth as it expands its new portfolio solutions effort. Sub-syndicate 1673 will support the expansion and ...
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Source: BestWire

Aon: April Severe Storms Likely Inflict Hundreds of Millions in Insured Losses
A three-day stretch of severe thunderstorms in mid-April left insurers with at least hundreds of millions of dollars in insured losses, said Aon. A spokesman for American Family, the largest ...
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Source: BestWire

Court Rejects Progressive’s Undervalued Totaled Vehicle Class-Action Certification
An Illinois federal court declined to certify a class-action lawsuit alleging that the Progressive Corp. systemically undervalued total-loss vehicles by assuming final automobile sale costs are lower ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home
An Amish woman and her six children ranging in age from 3 to 11 were killed in a swift-moving house fire after an explosion that shook nearby houses in rural northcentral Pennsylvania, authorities said. Firefighters responding to a report of …
Date: Tuesday, April 21, 2026

Newell Succeeds Founder Eknoian as World Insurance CEO
Brokerage World Insurance Associates announced John Newell will become chief executive officer, succeeding founder and long-time CEO Rich Eknoian. Most recently, Newell was chief commercial officer at Newfront, a technology-enabled specialty brokerage platform. There, he led business units across insurance, …
Date: Tuesday, April 21, 2026

Alabama Governor Signs New Captive Law That Could Help End DOI Moratorium
Alabama has a new law governing captive insurance companies, and supporters hope it will mean that state regulators will soon lift a moratorium on new captives in the state. “The law takes effect in June, so we’re hoping that maybe …
Date: Tuesday, April 21, 2026

Texas Speaker Seeks to Investigate Roblox Over Game Simulating Uvalde Shooting
Texas House Speaker Dustin Burrows on Monday targeted Roblox for alleged child endangerment, after learning the platform offered a simulation of the 2022 Uvalde mass shooting. Burrows instructed lawmakers to study ways to strengthen child safety and accountability for virtual …
Date: Tuesday, April 21, 2026

Gem State Insurance to Merge With Ohio Mutual
Ohio Mutual Insurance Group last week announced that it has reached an agreement to merge Gooding, Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure, following unanimous votes by both organizations’ boards of …
Date: Tuesday, April 21, 2026

Family Sues Kansas Jail Over Inmate’s Death
Relatives of a jail inmate whom investigators determined died after a Kansas sheriff’s deputy shoved his knee into the cuffed man’s back for one minute and 26 seconds have filed a federal lawsuit. Attorneys for the family of Charles Adair …
Date: Tuesday, April 21, 2026

People Moves: IMA Names Caceres as SVP, National Energy Property Leader
IMA announced the appointment of Al Caceres as Senior Vice President, National Energy Property Leader, joining the firm’s Energy Practice to lead strategy and execution of the company’s energy property insurance business nationwide. With more than 20 years of underwriting …
Date: Tuesday, April 21, 2026

Markets/Coverages: Cowbell Launches Cyber Product for AI, Quantum Risks
Specialty cyber insurance provider Cowbell said it has launched Prime One, a non-admitted cyber insurance product designed for U.S. organizations with advanced digital risk profiles and annual revenues between $250 million and $1 billion. Prime One delivers up to $10 …
Date: Tuesday, April 21, 2026

MS Amlin Launches Lloyd’s Sub-Syndicate, Supporting Brokers With New Capacity
MS Amlin, the Lloyd’s global specialist re/insurer, has launched a new sub-syndicate to target innovative growth opportunities and provide greater flexibility and capacity for brokers. Named s1673, the sub-syndicate will support the growth of business written through MS Amlin’s recently …
Date: Tuesday, April 21, 2026

NIPR Warns Agents of Email Phishing Attempts
Beware, agents. That email from the National Insurance Producers Registry may not be legit. NIPR said it has learned of an active phishing email campaign referencing past-due invoices. The emails may look like they are from trusted sources such as …
Date: Tuesday, April 21, 2026

Seibert Agency in Tampa Acquired by Keyes Coverage
Keyes Coverage, part of Keystone Agency Partners, has acquired Seibert Insurance Agency in Tampa, expanding its western Florida presence with one of the better-known agencies in the area. “Joining Keyes Coverage is the right next step for our agency, our …
Date: Tuesday, April 21, 2026

Uber Loses Another Driver Sex Assault Trial; Jury Award Much Less
A federal jury on Monday said Uber should pay $5,000 to a woman who claimed she was sexually assaulted by a driver she booked through the app, as the company faces thousands of similar claims. The Raleigh, North Carolina jury …
Date: Tuesday, April 21, 2026

DC Water Facing Federal, State Lawsuits Over Potomac Sewage Spill
The state of Maryland and the federal government have filed separate civil lawsuits over the rupture of the sanitary pipeline known as the Potomac Interceptor that spilled more than 200 million gallons of untreated sewage into the Potomac River in …
Date: Tuesday, April 21, 2026

Supreme Court Voices Little Interest in More Curbs on SEC
The US Supreme Court expressed little enthusiasm for curbing one of the Securities and Exchange Commission’s most important enforcement tools, as the justices weighed restricting the financial watchdog’s power to collect ill-gotten gains. Hearing arguments in Washington Monday, the court …
Date: Tuesday, April 21, 2026

Business Interruption Claims Arising From the Middle East Conflict
The current conflict in the Middle East has been as disruptive commercially as it has been geopolitically. Many businesses operating in the region are suffering from a combination of sharp demand declines, blocked routes to market, surging input costs, and …
Date: Tuesday, April 21, 2026

Scam Messages Are Offering Ships Safe Transit Through Hormuz, Security Firm Warns
Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded west of the waterway, Greek maritime risk management firm MARISKS has warned. The U.S. has …
Date: Tuesday, April 21, 2026

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