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

Iran Threatens to Strike Gulf Power Plants After Trump Ultimatum
Iran will attack Israel’s power plants and those supplying U.S. bases across the Gulf region if President Donald Trump carries out his threat to “obliterate” Iran’s power network, the Revolutionary Guards said in a statement on Monday. They appeared to …
Date: Monday, March 23, 2026

Fermat Criticizes ‘Unprecedented’ EU Plan to Limit Retail Investor Access to Cat Bonds
Fermat Capital Management says a European proposal to limit retail investors’ access to catastrophe bonds faces serious pushback, as money managers specialized in insurance-linked strategies mount a coordinated front. John Seo, co-founder and managing director of the Connecticut-based hedge fund …
Date: Monday, March 23, 2026

Berkshire Hathaway to Invest $1.8 Billion in Tokio Marine
Berkshire Hathaway Inc. will invest 287.4 billion yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., ramping up the US conglomerate’s exposure to the Japanese market. National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in …
Date: Monday, March 23, 2026

Chinese Insurer Ping An’s Offshore Unit Reconsiders US Exposure
The overseas investment arm of China’s Ping An Insurance (Group) Company is reconsidering its exposure to the US as the Iran war fuels waves of volatility. The conflict in the Middle East has upended global markets over the past few …
Date: Monday, March 23, 2026

Iran-Linked Hackers Restore Website After US Seizes Domains
The website used by an Iranian government-linked hacking unit that claimed responsibility for a March 11 cyberattack on a U.S. medical device maker was back up and running a day after the FBI and Department of Justice seized its internet …
Date: Monday, March 23, 2026

Hyundai Says More Injuries Tied to SUV Rear Power Seat Recall
Hyundai Motor said on March 20 it has reports of four minor injuries because rear power seats in new Palisade SUVs may trap a person as sales remained halted after an incident earlier this month in which a two-year-old girl …
Date: Monday, March 23, 2026

Remote Spanish Airport Again Becomes Parking Lot for Planes, This Time on Iran War
An airport in a dusty and remote corner of rural Spain has once again become a parking lot for aircraft stranded in Europe, this time due to the war with Iran, which has forced countries to close their airspace and …
Date: Monday, March 23, 2026

The Luxury Life of British Expats in Dubai Faces a Reality Check
On a trip to Dubai two years ago to review luxury hotels, I found myself at a beach-club brunch surrounded by people with British accents. Groups were debating the merits of different corners of the Clapham neighborhood. If not for …
Date: Monday, March 23, 2026

‘Mental Health Trip’ to NY Not Compensable, Florida Appellate Court Finds
A south Florida FedEx driver, now a quadriplegic after a vehicle crash in 2019, may need constant care and may benefit from a trip to see family members in New York. But the employer and the workers’ compensation insurer should …
Date: Monday, March 23, 2026

Predicting the Insurability of Prediction Markets
Could a market that facilitates millions in wagers on how many times Vice President JD Vance claps during a State of the Union address, or whether Elon Musk will finally be unmasked as Satoshi Nakamoto—the elusive, pseudonymous creator of bitcoin—actually …
Date: Monday, March 23, 2026

Orlando Apartment Complex Evacuated After Cracks Found on All Five Floors
More than 350 people were hastily evacuated from an Orlando apartment complex last week after fire officials found cracks throughout the building along with doors that wouldn’t open. Local news outlets reported that a panicky resident called 911 Thursday morning …
Date: Monday, March 23, 2026

Negligence Suit Filed Over Death of Former New York Yankee’s Teenage Son at Resort
A lawsuit filed Friday blames the owners and others associated with a resort in Costa Rica for the carbon dioxide-related death of former New York Yankees outfielder Brett M. Gardner’s teenage son last year. Gardner and other relatives filed a …
Date: Monday, March 23, 2026

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

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