Insurance Level News and Press

AM Best Rating Acitivity and News

Relm Insurance Appoints Chief Legal Officer, Chief Operating Officer, Chief Underwriting Officer
Relm Insurance appointed three senior executives to its leadership team: Becky Vernon has been named chief legal officer, Henry Paddison chief operating officer and Shane Doyle chief underwriting ...
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Source: BestWire

Meiji Yasuda Group Completes $2.3 Billion Acquisition of Banner Life, William Penn Unit
Meiji Yasuda Group has completed its $2.3 billion acquisition of Banner Life Insurance Co. and William Penn Life Insurance Co. of New York, a deal that includes the U.S. term life and pension risk ...
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Source: BestWire

Court Orders Lindberg to Pay $526 Million to Insurers in Civil Trial
The North Carolina Wake County Superior Court ordered former life insurance executive Greg Lindberg to pay $526.2 million to a group of insurers over fraud and breach of contract claims. The ...
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Source: BestWire

Industry Trades: Legislation Would Cause California Fair Plan to ‘Balloon’
A bill that would overhaul the California Fair Plan is being championed by the state insurance commissioner as vital reforms, but industry trade groups say it would cause the insurer of last resort’s ...
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Source: BestWire

AM Best Assigns Credit Ratings to Care Improvement Plus South Central Insurance Company
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Care Improvement Plus South Central Insurance Company (CIPSCIC) (Omaha, ...
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Source: BestWire

KCC: Insurers Accumulate Estimated $6.7 Billion Loss From Winter Storm; State Farm Claims Rise
Snow, ice, wind and freeze impacted more than 30 states during a winter storm event that started on Jan. 23, according to KCC, leaving insurers with $6.7 billion in estimated losses. The highest ...
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Source: BestWire

Axa XL Appoints Head of East Region for General Industries, Mid-Market Americas
Axa XL appointed Ainsley Keating as head of the East region for general industries, mid-market, Americas. Keating will be responsible for continuing to deepen the relationships that have fueled ...
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Source: BestWire

WTW Chief Executive Officer Sees Data Technology as Key Growth Driver
Willis Towers Watson sees strong growth in the commercial broking market as the group seeks to consolidate or close on a number of acquisitions, its chief executive officer said. Revenue growth ...
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Source: BestWire

Canopius Group Appoints Legal & General Exec as General Counsel
Canopius Group has appointed Jasan Fitzpatrick as general counsel, effective April 1. Fitzpatrick joins Canopius in a newly created role, with responsibilities that previously sat under the remit ...
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Source: BestWire

Hamilton Insurance Appoints Group Head of Compliance
Hamilton Insurance Group Ltd. has promoted Moussa Thiam to group head of compliance. Thiam will lead and coordinate compliance activities across Hamilton’s global operations, ensuring consistent ...
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Source: BestWire

Best’s Insurance Law Podcast Examines Single-Claimant Qualified Settlement Funds and Structured Settlements
AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal ...
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Source: BestWire

Zurich Takes 1.47% Opening Position in Takeover Target Beazley
Zurich Insurance Group Ltd. disclosed a 1.47% stake in Lloyd's underwriter Beazley plc as an opening position. The group has 8,866,051shares of Beazley, it said in a regulatory filing. Beazley ...
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Source: BestWire

WTW Sees Fourth-Quarter Net Income Decline on Tranzact Sale Revenue Fall
Fourth-quarter net income fell for Willis Towers Watson plc due to lower revenue after the sale of its Tranzact unit. Fourth-quarter net income attributable to WTW fell to $735 million from $1.25 ...
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Source: BestWire

Aon Hires Growth and Technical Director for UK Insolvency Team
Aon's specialist U.K. insolvency and restructuring insurance and risk team, has hired Catherine Williamson to the newly created role of growth and technical director. Williamson will focus on ...
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Source: BestWire

Peak Re Appoints Former Aspen Re Exec as Chief Underwriting Officer
Peak Reinsurance Co. Ltd. hired Philip Hough as chief underwriting officer effective April 2. Hough will lead Peak Re’s property/casualty underwriting strategy and business process, with ...
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Source: BestWire

Skuld Appoints SVP and Head of Skuld Piraeus
Marine mutual Skuld appointed Charlotte Valentin to succeed Kjell-Åke Augustsson as senior vice president and head of Skuld Piraeus, effective March 1. Valentin was appointed interim head of ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

People Moves: Marsh Names Quest as UK CEO, Succeeding Lay; TMK Taps Carpenter’s Sitki as Cyber Re U/W; Everest Promotes 2 Key Leaders in Facultative & Hybrid Re
This edition of International People Moves details appointments at Marsh, Tokio Marine Kiln (TMK), and Everest Group. A summary of these new hires follows here. Marsh Names Quest as UK CEO, Succeeding Lay Insurance broker Marsh announced the appointment of …
Date: Tuesday, February 3, 2026

Florida Appeals Court Blocks Punitive Damages Claim in Car-Sharing Crash Case
Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …
Date: Tuesday, February 3, 2026

Allianz Commerical Relocates Chicago Office
Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the company’s …
Date: Tuesday, February 3, 2026

Specialty Program Group Launches SPG Transportation
Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE will now operate as a unified platform – SPG Transportation. SPG …
Date: Tuesday, February 3, 2026

Oklahoma McDonald’s Franchisee Settles Sexual Harassment Lawsuit
A McDonald’s franchisee in Oklahoma has settled a federal lawsuit alleging a teenage worker was sexually harassed by a male supervisor. Arch Fellow North, LLC, owner and operator of eight McDonald’s restaurants in eastern Oklahoma, will pay $80,000 and provide …
Date: Tuesday, February 3, 2026

Texas Data Centers to Rely on Gas Power Plants
Texas’ environmental regulator last week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the project’s …
Date: Tuesday, February 3, 2026

After Falling 6% in 2025, Average Auto Insurance Cost Will Stabilize in 2026, Says Insurify
Consumers of auto insurance in the U.S. received a respite overall from several years of premium increases, but don’t tell that to drivers in some states and don’t look for it to continue. According to online insurance agent Insurify, the …
Date: Tuesday, February 3, 2026

Florida Cold Damages Citrus Crop, Strains Power Supplies
Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the National …
Date: Tuesday, February 3, 2026

KCC: Winter Storm Fern to Cause $6.7M in Insured Losses
The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately insured …
Date: Tuesday, February 3, 2026

Court Blocks Trump Halt on Last of 5 Suspended Offshore Wind Projects
All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge’s ruling on Monday that cleared Denmark’s Orsted to proceed with its Sunrise Wind project off the coast of New York. Orsted’s …
Date: Tuesday, February 3, 2026

Markets/Coverages: Munich Re Launches Pandemic Consortium via Lloyd’s Market
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd’s market initiative which will be focused on offering parametrically triggered catastrophic communicable disease insurance. The consortium will offer a proactive emerging risk transfer solution …
Date: Tuesday, February 3, 2026

The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets
More than $3 trillion. That’s the ­staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—are prepared to foot the bill …
Date: Tuesday, February 3, 2026

Russian Captain Found Guilty Over Crew Member’s Death in US Tanker Crash
The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member …
Date: Tuesday, February 3, 2026

EU Body’s Advice on Toxin Limit in Baby Formula Prompts More Recalls
The European food safety body on Monday advised a maximum threshold for the cereulide toxin used in infant formula, prompting some French producers to withdraw additional products from the market. Cereulide, a toxin that can cause nausea and vomiting, has …
Date: Tuesday, February 3, 2026

APCIA Hires Hanson to Lead National Advocacy and Coalition Strategy
The American Property Casualty Insurance Association (APCIA) announced the hiring of Meagan Myers Hanson as department vice president, advocacy, campaigns, and coalitions. Hanson will lead APCIA’s integrated advocacy campaigns, coordinate national and state-based coalitions, and shape messaging and engagement strategies …
Date: Tuesday, February 3, 2026

Active Tornado Season Expected in the US
An active 2026 tornado season is expected for the Central Plains, with approximately 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics (KITD). Factors influencing this forecast include persistent La Niña conditions, warmer-than-average Gulf …
Date: Tuesday, February 3, 2026

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