Insurance Level News and Press

AM Best Rating Acitivity and News

AM Best Affirms Credit Ratings of Blumont Annuity Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Blumont Annuity Company (Blumont) (Toronto, Ontario, Canada). The ...
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Source: BestWire

Thrivent to Add 600 New Financial Advisers in 2026 as Part of Growth Push
Thrivent Financial for Lutherans said it intends to add 600 new financial advisers in 2026, after it exceeded hiring projections last year amid an expansion push. Thrivent said it seeks to add ...
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Source: BestWire

Vienna Insurance Posts 2025 Profit Gain on Central, Eastern European Growth
Vienna Insurance Group AG posted higher profit for 2025 on growth and improved underwriting in all of its major markets as the multiple-line insurer made progress on its acquisition of Nürnberger ...
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Source: BestWire

AM Best Affirms Credit Ratings of Aseguradora Ancón, S.A.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Aseguradora Ancón, S.A. (Ancón) (Panama). The outlooks of these ...
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Source: BestWire

Church Mutual Promotes Leader to Chief Operating Officer
Church Mutual Insurance Co. promoted Pam Rushing to chief operating officer and Neil Ziegler to chief underwriting officer, admitted. In her new role, Rushing will lead with a focus on digital ...
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Source: BestWire

Generali CEO Seeks Growth Momentum in Non-Motor Property/Casualty Lines
Assicurazioni Generali S.p.A. looks to expand in its property/casualty non-motor segment as the group raises motor rates in an expanding market, its chief executive officer said. The group also ...
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Source: BestWire

Life Insurance Industry Leader and Mentor Marvin Feldman Has Died at Age 80
Marvin H. Feldman, a respected leader in the life insurance and financial protection industry, has passed away in Palm Harbor, Florida, on March 4, after a long battle with pancreatic cancer. He was ...
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Source: BestWire

AM Best Downgrades Credit Ratings of Energas Insurance (L) Limited
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Energas Insurance (L) ...
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Source: BestWire

AM Best Affirms Credit Ratings of Torreyana Insurance Company, Inc.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Torreyana Insurance Company, Inc. (TIC) (Burlington, VT). The outlook ...
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Source: BestWire

AM Best to Host Webinar on Smarter Insurance Risk Segmentation Through Data
AM Best will host a complimentary webinar, titled, “Breaking the ‘Set-It-and-Forget-It’ Mindset: Smarter Insurance Risk Segmentation Through Data,” sponsored by LexisNexis Risk Solutions, on ...
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Source: BestWire

Chubb to Lead $20 Billion US Gulf Marine Reinsurance Program
The U.S. International Development Finance Corp. said it chose Chubb Ltd. as lead partner for its $20 billion maritime reinsurance plan designed to resume commercial shipping in the Persian ...
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Source: BestWire

Chubb Names Successor to Global Operations, Technology and Digital Transformation Lead
Chubb Ltd. appointed Seshadri Iyer to succeed Julie Dillman as executive vice president, Chubb Group, operations, technology and digital transformation, effective April 6. Dillman is retiring on ...
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Source: BestWire

Nippon Life Sues OpenAI for Illegally Practicing Law in Dispute Over Settled Claim in Illinois
Nippon Life Insurance Company of America filed a federal lawsuit against artificial intelligence giant OpenAI, arguing its flagship ChatGPT practiced law without a license in prompting an Illinois ...
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Source: BestWire

AM Best Upgrades Credit Ratings for Members of CapSpecialty Insurance Group
AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Capitol Indemnity ...
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Source: BestWire

Federal Court Rules in Favor of IRS in Microcaptive Case
A federal judge has ruled in favor of the Internal Revenue Service in a case involving microcaptive insurance and issues of taxation. U.S. District Judge Travis McDonough, sitting in the Eastern ...
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Source: BestWire

Northern Re CUO: Reinsurance Key to Casualty ILS Growth
Reinsurance is bridging complex casualty risks to capital markets, boosting investor confidence and supporting insurance-linked securities growth, said Vincent Pomo, chief underwriting officer, ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Iran Has Likely Begun Laying Mines in Hormuz, UK Minister Says
It’s becoming increasingly evident that Iran is laying mines in the Strait of Hormuz, according to the UK, as Iran’s new supreme leader used his first comments to the media to say the critical waterway should stay closed. “The reports …
Date: Thursday, March 12, 2026

Lilly Flags Safety Risk in Compounded Zepbound Mixed With Vitamin B12
Eli Lilly & Co. warned that the active ingredient in its weight-loss blockbuster Zepbound could pose a risk to patients when mixed with vitamin B12, a combination sold by US drug compounders. Lilly tested compounded products and found “significant levels …
Date: Thursday, March 12, 2026

NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges
A North Carolina insurance agent is out on bond, awaiting court action, after he was charged with diverting premium payments from four automobile dealerships. Jeffrey Martin Webster, of Jamestown, North Carolina, was charged with 18 counts, including forgery and embezzlement …
Date: Thursday, March 12, 2026

Markets/Coverages: Marsh Risk, Apollo Develop Insurance Facility for Uber
Marsh Risk, a business of Marsh, and specialty insurer Apollo’s ibott division announced the launch of an insurance facility for Uber. According to the companies, the facility is the first of its kind and will “accelerate the deployment of autonomous …
Date: Thursday, March 12, 2026

Coast Guard Rescues 3 Fishermen Whose Ship Sank in Maine’s Boothbay Harbor
The U.S. Coast Guard rescued three people from the water approximately 23 miles south of Boothbay Harbor in Maine on Wednesday morning. The Coast Guard Station Boothbay Harbor crew reported they located the vessel at 9:01 a.m. and rescued three …
Date: Thursday, March 12, 2026

Mississippi Jury Acquits Engineer Charged With Lying About 2017 Plane Crash
A jury has acquitted a former engineer overseeing military aircraft maintenance of charges of making false statements and obstructing justice during the criminal investigation of a 2017 military plane crash in Mississippi that killed all 16 service members aboard. James …
Date: Thursday, March 12, 2026

WTW: US Commercial Insurance Rates Moderate to 2.9% in Q4 2025
U.S. commercial insurance rates increased 2.9% in the fourth quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing continued to moderate in the fourth quarter, reflecting a more stable market,” said Yi …
Date: Thursday, March 12, 2026

World Faces Largest-Ever Oil Supply Disruption on Middle East War, IEA Says
The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a …
Date: Thursday, March 12, 2026

Officials Declare Barge Fire in Delaware Bay Under Control
The U.S. Coast Guard and the states of Delaware and New Jersey on Wednesday declared the barge fire in Delaware Bay under control. No injuries were reported for the incident. The barge was carrying salvage metal at the time of …
Date: Thursday, March 12, 2026

People Moves: Andover Cos. Names Nadeau, Duchette; Plymouth Rock Appoints Seaborn
The Andover Companies Names Nadeau SVP and CUO, Duchette SVP and CUO The Andover Companies, headquartered in Andover, Massachusetts, appointed Paul Nadeau as senior executive vice president and chief operating officer and Patrick Duchette as senior vice president and chief …
Date: Thursday, March 12, 2026

Natural Gas Boom Will Spur a Shortage of US Fracking Gear, Shale Boss Says
Rising US natural gas exports and soaring domestic demand for the power-plant fuel will lead to a shortage of fracking gear later this decade, according to the head of one the country’s top drilling contractors. Activity in US shale fields …
Date: Thursday, March 12, 2026

Warburg Pincus Is Said to Explore Options for Asian Insurer Oona
Warburg Pincus is considering options for Oona Insurance that might lead to a sale, according to people familiar with the matter, after receiving interest from other insurers and investment firms. The US private equity firm is working with Citigroup Inc. …
Date: Thursday, March 12, 2026

Oil Tankers Attacked Off Iraq as Middle East Crisis Worsens
Two oil tankers were hit in Iraqi waters, the latest in a string of attacks on ships in the Persian Gulf that are raising risks to global energy supply from the deepening Middle East war. The strikes on the vessels …
Date: Thursday, March 12, 2026

People Moves: Church Mutual Names Rushing as COO, Ziegler to Admitted CUO
Church Mutual Insurance Company announced two leadership promotions that reinforce the company’s focus on innovation and disciplined growth. Pam Rushing has been promoted to chief operating officer (COO), and Neil Ziegler has been promoted to chief underwriting officer – admitted. …
Date: Thursday, March 12, 2026

Jury Awards $667K to Muslim Men Pepper-Sprayed by Missouri Prison Guards
A federal jury on Monday awarded $667,000 in damages to a group of Muslim men incarcerated in Missouri who were pepper-sprayed by state correctional officers while praying. The lawsuit in eastern Missouri’s U.S. District Court alleged that the men had …
Date: Thursday, March 12, 2026

ExxonMobil Set to Move to Texas In Search of Business Friendly Environment
ExxonMobil is poised to move its legal headquarters from New Jersey to Texas in search of a more friendly business environment, the company announced Tuesday morning. The board of directors for the largest U.S.-based oil producing company, which already runs …
Date: Thursday, March 12, 2026

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