Insurance Level News and Press

AM Best Rating Acitivity and News

Alliant Insurance Services Appoints EVP in M&A Specialty
Specialty broker Alliant Insurance Services hired Adam Johnson as executive vice president within Alliant Specialty. Johnson has experience in insuring venture capital and private equity funds ...
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Source: BestWire

Delaware Captive Director: Tariff Volatility Highlights Captive Solutions for Supply Chain Risks
Stephen Taylor, captive director, Delaware Department of Insurance, said captives help cover business interruption and supplier risks. Taylor spoke with AM Best TV at the 2025 Vermont Captive ...
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Source: BestWire

Axa XL Names Head of Media Liability
Axa XL appointed Jeffrey L. Loop as the new head of media liability. In his new role, Loop will lead Axa XL’s efforts to develop innovative, comprehensive coverage solutions that address the ...
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Source: BestWire

AM Best: US Personal Lines Segment Maintains Stable Outlook
AM Best's Chris Draghi explained that the outlook for the personal lines insurance segment is being maintained at stable, citing in part aggressive rate increases and improved overall underwriting ...
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Source: BestWire

Cayman Finance Associate Director: Finance Hub Training the Next Generation of Insurers
Brittany MacVicar, associate director, said Cayman Finance's programs address talent gaps in the growing captive market. MacVicar spoke with AM Best TV at the Cayman Captive Forum 2025. Following ...
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Source: BestWire

Great Bay Insurance Group Names Financial Chief
Great Bay Insurance Group, a provider of coastal homeowners' insurance in New Jersey, named Brian S. Schleider as executive vice president and chief financial officer of the group. Sharon ...
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Source: BestWire

New Jersey Senate Passes Pet Insurance Bill
The New Jersey Senate approved pet insurance legislation that will work to rein in growing pet insurance premiums, while improving transparency and consumer protections, according to the bill's ...
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Source: BestWire

UK Hospitality Industry Seeking Extension for COVID Business Interruption Claims Window
Trade groups representing United Kingdom restaurants, pubs and entertainment venues along with Stewarts Law LLP are asking the Financial Conduct Authority to add two years to the window to file ...
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Source: BestWire

Swiss Re Head of Engineering: Renewables to Double by 2030, Reshaping Global Risk Landscape
Jimmy Keime, head of engineering and nuclear, Swiss Re, discusses how complex renewable energy risks — from extreme weather to battery storage — make real-world data essential for ...
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Source: BestWire

Artex Associate Director: Cayman Seeks to Leverage Hedge Fund Expertise in Captive Expansion
Michael Wild, associate director, Artex Risk Solutions, said Cayman's dual role as hedge fund and captive insurance hub positions it to bridge capital markets and alternative risk transfers. Wild ...
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Source: BestWire

Mutual of Omaha Appoints Operations Chief
Mutual of Omaha appointed Stacy Scholtz chief operating officer. In her new role, Scholtz will oversee business transformation and artificial intelligence enablement efforts throughout the ...
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Source: BestWire

Captive Insurers Step in as Abuse Claims Push Misconduct Liability Past $1 Billion
Linda Jones, Marsh USA, and Lauren Inglis, Oliver Wyman, said surging abuse settlements are prompting health care organizations to use captive insurance vehicles to manage the risk. Both spoke with ...
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Source: BestWire

Weekly Podcast Highlights - Dec. 26
A look at insurance failures, global Solvency II standards and insurance opportunities for the artificial intelligence boom are among the topics covered by leading insurance podcasts. This week's ...
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Source: BestWire

North Carolina Insurance Commissioner to Trump: Do Not Pardon Lindberg
North Carolina Insurance Commissioner Mike Causey is calling for President Donald Trump to reject a pardon for former insurance executive and admitted fraudster Greg Lindberg, who is mounting a ...
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Source: BestWire

MS&AD Changes Date for Launch of $1.44 Billion US Asset Management Arm
MS&AD Insurance Group Holdings Inc. changed the date for the formation of a U.S. asset management subsidiary of its Mitsui Sumitomo Insurance affiliate to Dec. 23 from Nov. 19 as part of the group's ...
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Source: BestWire

Japan's Dai-ichi Life Puts $30 Million in World-First Carbon Capture Corporate Bond
Dai-ichi Life Holdings Inc. said it invested ¥4.7 billion ($30 million) in the world's first carbon capture and storage bond issued by Havenbedrijf Rotterdam N.V., the Port of Rotterdam ...
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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: Gallagher Taps EY’s Hughes as Tax Specialist in Private Equity/M&A Team
Gallagher Taps Hughes From EY as Tax Specialist in Private Equity and M&A Practice Gallagher announced the UK appointment of specialist corporate M&A tax adviser Tom Hughes as director of Tax Insurance to its EMEA-wide Private Equity and M&A (PEMA) …
Date: Wednesday, December 24, 2025

EU Faces Renewed US Ire After ESG Cutbacks Fail to Calm Tensions
The European Union’s ESG framework — a shadow of its former self after a year of deep cuts — is drawing renewed threats from the US. At issue is the so-called extraterritoriality of the Corporate Sustainability Reporting Directive and the …
Date: Wednesday, December 24, 2025

Louvre Tightens Security After $102M Jewel Heist, Installs Bars on Infamous Window
A freight lift rose up on its crane Tuesday toward the Louvre Museum — but this time it wasn’t jewel thieves. It was workers installing security bars on the window used to break into the Paris landmark’s Apollo Gallery in …
Date: Wednesday, December 24, 2025

Brown & Brown Files Suit Over Alleged Howden Poaching of 200+ Employees
Reports that Howden US, part of the London-based insurance brokerage, had lured away more than 200 employees from Brown & Brown Insurance have left industry leaders worried that poaching seems to be the new business model for some companies. And …
Date: Wednesday, December 24, 2025

Southern California in ‘Great Danger’ From Christmas Flooding
Residents of Southern California were bracing Wednesday for a powerful winter storm forecast to bring dangerous flooding as well as rock and mudslides to the region, threatening property and snarling holiday travel plans. Peak rainfall in parts of the region …
Date: Wednesday, December 24, 2025

The Best Climate Adaptation Methods Are Surprisingly Simple
As the effects of a hotter planet rack up more damages and health issues for people in exposed regions, the conversation around climate change is shifting from how to curb it to how to adapt to it. A new report …
Date: Wednesday, December 24, 2025

Judge Rejects Business Group’s Challenge to Trump’s $100,000 H-1B Visa Fee
A federal judge on Tuesday rejected a challenge by the largest U.S. business lobby group to President Donald Trump’s $100,000 fee on new H-1B visas for highly skilled foreign workers, saying it fell under his broad powers to regulate immigration. …
Date: Wednesday, December 24, 2025

Brown University Police Chief Placed on Leave After Fatal Shooting
Brown University’s president on Monday placed its campus police chief on leave as the Rhode Island university reviews its security policies after a gunman killed two students and injured nine others earlier this month. Questions surrounding Brown’s security policies have …
Date: Wednesday, December 24, 2025

Missouri Faces Legal Battle with China Over Pandemic Compensation
Missouri’s top prosecutor said China is suing after the state pressed federal officials for help collecting on a roughly $25 billion court judgment related to the COVID-19 pandemic. Attorney General Catherine Hanaway said in a news release that China is …
Date: Wednesday, December 24, 2025

Zombie Ship Shows US Targeting Darkest Corner of Oil Fleet
A 27-year-old crude tanker that was supposedly scrapped in 2021 is due to reach Venezuela late this week, according to ship-tracking data, in the latest example of how the South American country keeps its embattled oil industry alive. The tanker …
Date: Wednesday, December 24, 2025

Areawide Insurance Advisors Joins Leavitt Group Texas Select
Areawide Insurance Advisors has joined Leavitt Group Texas Select, strengthening the agency’s presence in the Bryan and College Station area with the added resources of Leavitt Group, a national brokerage. Mike Kilgore, owner of Areawide Insurance Advisors, will continue to …
Date: Wednesday, December 24, 2025

South Texas Homebuilders Warn ICE Arrests Have Upended Industry
One morning in mid-November, Mario Guerrero, the executive director of the South Texas Builders Association, was checking a group chat when a video of federal agents detaining people from a construction site popped up. He watched the video of Immigration …
Date: Wednesday, December 24, 2025

Explosion at Nursing Home in Pennsylvania Kills Two, Injures Others
An explosion at a Pennsylvania nursing home that caused the building to collapse and took the lives of two people and injured about 20 others is under investigation. The explosion occurred at Bristol Health & Rehab Center in Bristol Township …
Date: Wednesday, December 24, 2025

Mexican Navy Plane on Medical Mission Crashes in Texas, Killing At Least 5
A small Mexican Navy plane transporting a young medical patient and seven others crashed Monday near Galveston, killing at least five people and setting off a search in waters along the Texas coast, officials said. Four of the people aboard …
Date: Wednesday, December 24, 2025

US Steel Sued for Pregnancy Discrimination at Minnesota Mine
U.S. Steel, a multinational steel and iron mining company, violated federal law when it failed to provide an employee with a reasonable accommodation for her pregnancy, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the …
Date: Wednesday, December 24, 2025

Georgia Regulators Approve Huge Electric Generation Increase for Data Centers
Georgia’s only private electric utility plans to increase power capacity by 50% after state regulators on Friday agreed 5-0 that the plan is needed to meet projected demand from data centers. It would be one of the biggest build-outs in …
Date: Wednesday, December 24, 2025

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