Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Affirms Credit Ratings of Partners Life Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Partners Life Limited (Partners Life) (New Zealand). The outlook of ...
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Source: BestWire

Allstate Fourth-Quarter Net Income Rises on Lower Cats, Higher Revenues
Allstate Corp.’s fourth-quarter net income applicable to common shareholders increased to $3.80 billion from $1.90 billion a year earlier as total revenues increased 5.1% and the company experienced ...
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Source: BestWire

Axis Capital Holdings Appoints Group Chief Operations Officer
Axis Capital Holdings Ltd. has appointed Ann Haugh to the newly created role of group chief operations officer, while Dan Draper, Axis group chief underwriting officer, is expanding his ...
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Source: BestWire

RenaissanceRe CEO: Growth Offset Property Catastrophe Rate Decline
RenaissanceRe Holdings Ltd. swung to a fourth-quarter net profit as it expanded and diversified its reinsurance business even as property catastrophe rates fell at Jan. 1 renewals, said its chief ...
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Source: BestWire

WTW Names Global Proposition Leader for Commercial Lines Pricing and Underwriting
WTW has hired Chris Varley as global proposition leader for commercial lines pricing and underwriting within the company’s insurance consulting and technology business. Varley will be based in ...
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Source: BestWire

Iowa Becomes Latest to Consider Banning Credit Scores in Auto Underwriting
Democrats in the Iowa House of Representatives released a bill that would ban insurers from using credit scores when underwriting or rating an automobile policy. Insurers say credit-based scoring ...
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Source: BestWire

American Financial Fourth-Quarter Net Income Rises on 41% Underwriting Jump in P/C Profit
American Financial Group Inc.'s fourth-quarter net earnings increased to $299 million from $255 million a year earlier, boosted by a 41% underwriting profit increase in its specialty ...
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Source: BestWire

XL Specialty Seeking to Void Stamp Dealer’s Policy Amidst $3.35 Billion Claim Dispute
XL Specialty Insurance Co. is asking a federal court to void the policy of a stamp dealer who claimed to have $15 million in inventory but filed a $3.35 billion claim following a fire. Ideal ...
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Source: BestWire

New York Bill Would Create Assigned-Risk Market for Foster Care Agencies
New York lawmakers are considering a bill that would create an assigned-risk market for voluntary foster care agencies, establish an insurance bridge fund and reset state payment standards to ...
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Source: BestWire

Scor: Competitive Pricing Evident in Jan. 1 Renewals
Scor SE cited a competitive pricing environment for a selective approach to Jan. 1 property/casualty reinsurance renewals as it recorded modest gross premium income growth in traditional reinsurance ...
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Source: BestWire

Prudential CFO: Japan Subsidiary Expects 2026 Impact of Sales Suspension of Up to $350 Million
The decision to institute a 90-day suspension of new sales activity at Prudential of Japan could result in a hit to 2026 earnings of as much as $350 million, Prudential Financial Inc. Chief Financial ...
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Source: BestWire

Hanover CEO: Liability Severity Trends Level Off, Boosting Company's Ability to Price Coverage
Liability claims severity trends seem to be leveling off, improving the carrier's ability to price coverage, according to Hanover Insurance Group Inc. President and Chief Executive Officer John ...
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Source: BestWire

Chubb CEO: Data Center Construction a Major Growth Opportunity
Data centers are a global growth opportunity for Chubb Ltd. and the rest of the insurance market worldwide with many announced projects, said its chief executive officer. Chubb had broad ...
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Source: BestWire

Lawmakers Tell FEMA to Drop Risk Rating 2.0 as NFIP Sees Extension
A coalition of Republican senators is calling on the Federal Emergency Management Agency to abandon the Risk Rating 2.0 pricing policy used by the National Flood Insurance Program, which was extended ...
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Source: BestWire

AM Best Assigns Credit Ratings to Beazley Bermuda Insurance Limited and Comments on All Beazley Group Ratings
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Beazley Bermuda Insurance Limited (BBIL) (Bermuda). The outlook assigned ...
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Source: BestWire

USAA Appoints Former Santander Exec as Chief Information Officer
Mutual insurer USAA has appointed Dan Griffiths as chief information officer. Griffiths is a financial services technology leader and brings decades of experience modernizing platforms, ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

17 Former NC State Athletes Join Lawsuit Alleging Abuse by Former Trainer
Seventeen additional former N.C. State male athletes have joined a state lawsuit alleging sexual abuse under the guise of treatment and harassment by the Wolfpack’s former director of sports medicine, pushing the total number to 31 in a case that …
Date: Thursday, February 5, 2026

Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals
Zurich Insurance’s bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, analysts, industry advisers and a broker said. London-listed Beazley said on …
Date: Thursday, February 5, 2026

People Moves: Ryan Specialty Names Stewart CEO of Newly Formed Canadian Unit
Ryan Specialty, the international specialty insurance intermediary, announced the appointment of Stephen Stewart as chief executive officer of Ryan Specialty Canada Ltd., the newly formed Canadian operating and holding entity for Ryan Specialty’s underwriting management businesses in Canada. Stewart will …
Date: Thursday, February 5, 2026

Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers
Presumably, many insurers in the next couple of weeks will continue to announce very favorable quarterly and full-year earnings—the kind of numbers that could draw the attention of legislators and regulators. Asked his thoughts on the potential for the implementation …
Date: Thursday, February 5, 2026

Patients of UCLA Doctor Shaken by Sex Abuse Conviction Overturn, What’s Next
Two years after a former University of California, Los Angeles, gynecologist was convicted of sex abuse and sentenced to 11 years in prison, an attorney working to prepare an appeal of the case stumbled across an astounding find for the …
Date: Thursday, February 5, 2026

UK Says Infant Formula Contamination Could Have Affected 36 Babies
British authorities investigating baby formula contamination said on Thursday there had been 36 likely cases of children developing symptoms consistent with poisoning from affected batches in the country. Nestle recalled some batches of its key infant nutrition products, including SMA, …
Date: Thursday, February 5, 2026

Two SE Commissioners Warn Insurers About Claims Denials, Policy Cancellations
Two Southeastern states’ insurance commissioners this week posted sternly worded bulletins, warning property insurers about improper policy cancellations and claims denials. Following severe winter storms that swept across the South early this week, Commissioner Carter Lawrence and Tennessee Attorney General …
Date: Thursday, February 5, 2026

Russian Captain Jailed Over Crew Member’s Death in US Tanker Crash
The captain of a container ship that crashed into a U.S. tanker off Britain’s east coast last year was jailed for six years on Thursday for causing the death of a crew member through gross negligence. Russian national Vladimir Motin, …
Date: Thursday, February 5, 2026

Against Judge’s Orders, New Hampshire Doubles Down to End Emissions Testing
On Wednesday, just over a week after a U.S. District Court judge ordered New Hampshire to take all necessary steps to continue its vehicle inspection program, the New Hampshire Executive Council voted to let the state’s emissions testing contract expire. …
Date: Thursday, February 5, 2026

Hackers Hit Sensitive Targets in 37 Nations in Vast Spying Plot
An Asian cyber-espionage group has spent the past year breaking into computer systems belonging to governments and critical infrastructure organizations in more than 37 countries, according to the cybersecurity firm Palo Alto Networks, Inc. The state-aligned attackers have infiltrated networks …
Date: Thursday, February 5, 2026

Tricolor Founder Can Tap Insurance for Fraud Defense, Judge Says
Tricolor Holdings founder Daniel Chu, who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge …
Date: Thursday, February 5, 2026

Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples
Allstate Corp. fourth quarter 2025 net income applicable to common shareholders was about $3.8 billion, double the $1.9 billion booked for the same quarter the prior year. Allstate’s Property-Liability business turned in a Q4 combined ratio 14 points better than …
Date: Thursday, February 5, 2026

Nike Facing Probe Over Alleged Discrimination Against White Workers
The U.S. agency that enforces laws banning workplace discrimination said in a court filing on Wednesday it is investigating Nike for allegedly discriminating against white people through its diversity policies. The Equal Employment Opportunity Commission said in the filing that …
Date: Thursday, February 5, 2026

Singapore Urges Global Cooperation to Tackle Shadow Fleet Ships
Singapore is urging for international cooperation to curb shadow fleet vessels operating just beyond its territorial waters, as scrutiny intensifies on ships used to evade sanctions. “Singapore fully implements United Nations Security Council resolutions and does not condone illegal or …
Date: Thursday, February 5, 2026

Chlorofluorocarbon Replacements Cause Vast ‘Forever Chemical’ Pollution: Research
When the phaseout of ozone-destroying chlorofluorocarbons (CFCs) was first agreed in 1987, the world narrowly avoided an environmental catastrophe. However, the replacement of CFCs is causing the pollution of the Earth’s surface with a “forever chemical” that could remain in …
Date: Thursday, February 5, 2026

Safety, State Involvement Should Be Central to AV Regulation, Says Trades
Industry trade associations side with caution to ensure regulations promote safety as autonomous vehicles (AVs) share the road with traditional automobiles. The National Association of Mutual Insurance Companies and the American Property Casualty Association each submitted statements to the Senate …
Date: Thursday, February 5, 2026

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