Insurance Level News and Press

AM Best Rating Acitivity and News

Chubb Group Appoints SVP, Global Claims Officer
Chubb Ltd. appointed Kevin Rampe as senior vice president, Chubb Group, global claims officer, responsible for global claims management, effective immediately. Rampe will also retain his ...
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Source: BestWire

Axa XL Names Head of Motor Underwriting, UK and Lloyd's
Axa XL appointed Poonam Jivram as head of motor underwriting, United Kingdom and Lloyd’s. Jivram will be responsible for developing and executing the strategic underwriting direction for the ...
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Source: BestWire

AM Best: First Look – 2025 US Life/Annuity Financial Results
A new Best's Special Report, discussed by AM Best Associate Director Jason Hopper, finds the 2025 net income for U.S. life/annuity industry rose to the highest level in the past five ...
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Source: BestWire

Axis Capital Holdings Hires Former Everest Exec as Chief Commercial Officer
Axis Capital Holdings Ltd. appointed Anthony Izzo as chief commercial officer. Izzo will lead the company’s global commercial strategy, working closely with its underwriting and regional ...
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Source: BestWire

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Amherst National Insurance Company; Affirms Credit Ratings of Amherst Specialty Insurance Company
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” ...
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Source: BestWire

Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
A new AM Best analysis reveals that funds held to back individual annuity policies now account for over 36% of the U.S. life/annuity insurance segment’s overall reserves, which is up from 32% prior ...
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Source: BestWire

AM Best Downgrades Credit Ratings of Curi Insurance Group’s Members; Places Credit Ratings Under Review With Negative Implications
AM Best has downgraded the Financial Strength Rating (FSR) to   A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a” (Excellent) of ...
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Source: BestWire

Hartford Appoints Head of Enterprise Sales and Distribution
Hartford appointed Natalie Burns to succeed Stephen Screen as head of enterprise sales and distribution, effective May 1. Screen was recently named head of alternative placement solutions in the ...
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Source: BestWire

Daiichi Life to Reinsure Whole Life Block With Prismic Life Subsidiary
Prismic Life Holding Co. LP said subsidiary Prismic Life Reinsurance International Ltd. has reached a deal with Daiichi Life Insurance Co. Ltd. to reinsure a yen-denominated in-force block of whole ...
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Source: BestWire

Capacity Available But Aviation, Marine Markets Cautious About Iran Ceasefire
Marine and aviation insurance participants say a recent two-week ceasefire in the U.S.-Israeli war against Iran is welcome news as coverage remains available, but the situation remains fluid ...
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Source: BestWire

Washington State Appeals Court Rules Great American E&S Can't Sue Lawyer It Hired
Great American E&S Insurance Co. can't sue the defense attorney it hired to defend against a Washington state man's claim following an injury at an indoor climbing gym, a state court of appeals ...
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Source: BestWire

Mapfre Re Appoints Successor to Retiring CFO
The Board of Directors of Mapfre Re approved the appointment of Fernando Utrilla Agüero to succeed Daniel Quermia as chief financial officer. Quermia has announced his retirement. Utrilla ...
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Source: BestWire

Virginia Law Updates Underinsured Motorist, Public Adjuster Rules
Virginia Democrat Gov. Abigail Spanberger signed legislation on April 6 that updates legal processes for underinsured motorist litigation and creates stricter rules for public adjusters. The new ...
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Source: BestWire

DOJ: Florida Brokerage Paying $135 Million Over ACA Enrollment Fraud
Insurance brokerage AP of South Florida LLC and its former parent AssuredPartners Inc. agreed to pay more than $135 million after admitting guilt in Affordable Care Act enrollment schemes, the United ...
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Source: BestWire

Best’s Briefing: Stabilizing Costs, Profitability Upswing Keys to Reversing US Health Outlook
To shake its negative outlook, the United States health insurance segment needs a cooling of growing medical cost and utilization trends, improved loss ratios and a return to overall operating ...
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Source: BestWire

AHIP: Insurers Making Headway on Commitments to Reduced Prior Authorization Use
During the past 10 months, United States health insurers reduced the use of prior authorization by 11%, representing 6.5 million fewer prior authorization requests, across a range of medical ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Prosecutors to Subpoena Tiger Woods’ Rx Drug Records After Florida Arrest
Prosecutors are seeking Tiger Woods ‘ prescription drug records from a pharmacy, a week after his vehicle crashed in Florida and he was arrested on suspicion of driving under the influence. Prosecutors in Florida on Tuesday said they planned to …
Date: Friday, April 10, 2026

Big Tech Puts Financial Heft Behind Next-Gen Nuclear Power as AI Demand Surges
Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centers, inking deals that offer nuclear companies both funding and a clearer path to making money. Several U.S. …
Date: Friday, April 10, 2026

Colorado State Forecasters See Below-Average Hurricane Season
Weather forecasters from Colorado State University said on Thursday the 2026 Atlantic hurricane season was expected to fall below historical averages because of an El Nino formation sending winds across the southern U.S. that could rip apart tropical storms. “While …
Date: Friday, April 10, 2026

Abbott Jury Awards at Least $53 Million in Infant-Formula Trial
Abbott Laboratories said it faces a jury award of at least $53 million over claims by four mothers that the company hid risks its premature-infant formula can cause a bowel disease which creates serious health issues for frail babies. Jurors …
Date: Friday, April 10, 2026

Zurich Austria Launches Branch in Poland
Zurich Austria has launched a branch in Poland, marking Zurich Insurance Group’s entry into the Polish corporate insurance market. The local team combines knowledge of the Polish market with the global competitive strength of the Zurich Insurance Group, Zurich said. …
Date: Friday, April 10, 2026

Dubai’s DIFC Introduces Temporary Economic Support for Business, Retail Community
Dubai International Financial Centre (DIFC) said on Thursday it was introducing a package of temporary relief measures to support its business and retail community “as the region emerges from the current environment.” The measures, effective immediately, include flexible payment plans …
Date: Friday, April 10, 2026

Hormus Still Shut and Lebanon Fighting Strains Truce as US and Iran Aim for First Talks
The Strait of Hormuz remained shut on Friday and Israel traded fire with Hezbollah in Lebanon, two disputes which the United States and Iran each described as violations of their ceasefire deal on the eve of their first peace talks …
Date: Friday, April 10, 2026

A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday. Iranian officials have raised the idea of charging …
Date: Friday, April 10, 2026

US E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 7.8% in 2025, marking the first single-digit growth rate recorded since 2017. Previous reports from S&P …
Date: Friday, April 10, 2026

People Moves: Chubb Names Rampe Global Head of Claims; The Hartford Promotes Burns to Lead Enterprise Sales and Distribution
Chubb Names Rampe Global Head of Claims Chubb Limited named Kevin Rampe senior vice president, Chubb Group, Global Claims Officer, responsible for global claims management. Rampe will also retain his responsibilities as head of North America Claims. In his expanded …
Date: Friday, April 10, 2026

NYC Helicopter Crash Prompts Push for New Tourist-Flight Rules
US lawmakers from New York City are backing a bill to hold sightseeing helicopters to commercial airline safety standards, one year after a crash that killed a Siemens AG executive and his family. Standing near the crash site over the …
Date: Friday, April 10, 2026

Parents Charged After Child Is Hurt Crawling Into Wolf Area at Zoo
The parents of a toddler who suffered a minor injury at a Pennsylvania theme park zoo after squeezing through a fence near a wolf enclosure and making contact with one of the animals have been charged with endangering the welfare …
Date: Friday, April 10, 2026

AM Best Revises Outlooks to Negative for Oswego County Mutual
AM Best reports it has revised the outlooks to negative from stable for Oswego County Mutual Insurance Co. based in Parish, New York. AM Best has also affirmed the insurer’s Financial Strength Rating of A (Excellent) and the Long-Term Issuer …
Date: Friday, April 10, 2026

Toilet Paper Warehouse Fire Investigators Review Viral Video
A local prosecutor is investigating a video posted on social media that appears to show a person setting fire to the California warehouse full of Kimberly-Clark Corp. toilet paper that was destroyed earlier this week. “We are aware of the …
Date: Friday, April 10, 2026

Good News for Nonprofits as Liberty Mutual Foundation Launches $600M Endowment
Corporate foundations’ philanthropic commitments were called into question this past year as tariff-driven uncertainty, rising costs and tax law changes prompted many companies to reconsider their charitable strategies. Nonprofits received a reassuring answer this week, however, from the century-old, Boston-based …
Date: Friday, April 10, 2026

People Moves: Insurance Advisory Partners Names Caltavuturo as Partner
Insurance Advisory Partners, the investment bank focused exclusively on the insurance, insurance services and the insurtech industry, appointed veteran investment banker Lou Caltavuturo as a partner in the U.S. Based in New York, he will focus on broker/insurance distribution mergers …
Date: Friday, April 10, 2026

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