Insurance Level News and Press

AM Best Rating Acitivity and News

With Strategy Update, Munich Re Targets 2026 Net Profit of $7.33 Billion
Munich Re is targeting an IFRS net profit of €6.3 billion ($7.33 billion) in 2026 as the group announced a new Ambition 2030 multiple-year strategy and 2026 financial targets. The group aims for ...
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Source: BestWire

HSB UK & Ireland Managing Director to Retire
HSB United Kingdom and Ireland’s Managing Director Terry Dyson will retire in March 2026, after 40 years in the insurance industry. Andrew Burke, chief executive officer of HSB, said the company ...
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Source: BestWire

AM Best Affirms Credit Ratings of Investors Title Company and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of both subsidiaries of Investors Title Company (ITC) ...
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Source: BestWire

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Helvetia Baloise Holding AG’s Main Operating Subsidiary
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Helvetia ...
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Source: BestWire

AM Best Affirms Credit Ratings of Legal & General Group Plc and Most of Its Rated Subsidiaries
AM Best has affirmed the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the non-operating holding company, Legal & General Group Plc (L&G) (United Kingdom). Concurrently, AM ...
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Source: BestWire

Fintech Acrisure to Acquire Tech-Centered MGA Vave From Canopius
Fintech firm Acrisure said it has agreed to acquire "tech-first underwriting" managing general agent Vave from specialty and property/casualty (re)insurer Canopius Group. Terms of the deal were ...
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Source: BestWire

WTW Targets Middle Market With $1.3 Billion Acquisition of Specialist Broker Newfront
WTW agreed to acquire specialty insurance broker Newfront for $1.3 billion in a deal that will expand WTW's U.S. middle market reach and technology capability, said its chief executive ...
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Source: BestWire

Generali Switzerland Appoints Financial Chief
Generali Switzerland has appointed Eliana Sarli to succeed Alessio Sarti as chief financial officer of Generali Switzerland, effective March 2026. Before stepping into that role, Sarli will join ...
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Source: BestWire

Weekly Calendar: Key Economic Releases in the Upcoming Week
The upcoming week features key economic releases including the European Central Bank's monetary policy meeting and the University of Michigan consumer sentiment survey. The Institutes CPCU Society ...
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Source: BestWire

Howden Names Industry Vet to Lead New Dedicated Space Insurance Initiative
Howden has established a new dedicated space insurance capability and hired industry veteran Clive Strickland to lead it. Strickland has more than 25 years of experience in the sector. He has a ...
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Source: BestWire

With Merger, Helvetia Baloise to Cut Up to 2,600 Jobs
Helvetia Baloise is likely to cut up to 2,600 jobs by 2028 following the merger of Swiss insurers Helvetia and Baloise, the group said. "Based on the communicated synergy targets and the existing ...
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Source: BestWire

AM Best Affirms Credit Ratings of Casualty & General Insurance Company (Europe) Limited, a Subsidiary of CG Holdings (Gibraltar) Limited
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Casualty & General Insurance Company (Europe) Limited (CGICE) (Gibraltar). ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to Maine Employers’ Mutual Insurance Company’s New Surplus Notes
AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the $70 million, 9% surplus notes, due December 2045, issued by Maine Employers’ Mutual Insurance Company (MEMIC) (Portland, ...
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Source: BestWire

AM Best Affirms Credit Ratings of Lonpac Insurance Bhd
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Lonpac Insurance Bhd (Lonpac) (Malaysia). The outlook of these Credit ...
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Source: BestWire

State Farm Says LA Wildfire Losses Hit $5 Billion as County, Regulators Investigate Claims Handling
State Farm, which is now under investigation by Los Angeles County and the California Department of Insurance over catastrophic wildfire claims handling, said it has paid out $5 billion to ...
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Source: BestWire

Senate Democrats Calling for Vote to Extend ACA Tax Credit
Senate Democrat Leader Chuck Schumer of New York took to the floor this morning to urge lawmakers into voting on a three-year extension for enhanced Affordable Care Act tax credits that are scheduled ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Higginbotham Enters Indiana with Synergy Insurance
Higginbotham has acquired Mishawaka, Indiana-based Synergy Insurance, giving the firm its first footprint in the state. Synergy Insurance Group is an independent insurance agency providing services to businesses and individuals across northern Indiana and southern Michigan. Higginbotham provides insurance, financial …
Date: Wednesday, December 10, 2025

Court Clerk in Murdaugh Trial Pleads Guilty to Showing Sealed Exhibits
The former court clerk in South Carolina who helped out with the murder trial of attorney Alex Murdaugh pleaded guilty Monday to criminal charges for showing sealed court exhibits to a photographer and lying about it in court. Former Colleton …
Date: Wednesday, December 10, 2025

Is a Mass. Auto Insurer Allowed to Refuse to Offer Coverage Due to Flood Warning?
Can an auto insurer in Massachusetts refuse to offer collision and comprehensive coverages during a flood warning despite a state law that makes it mandatory to offer such coverages? The industry and public are on the road to finding out. …
Date: Wednesday, December 10, 2025

People Moves: Howden Taps Former Gallagher Exec Strickland to Launch Space Insurance Practice; Liberty Promotes Groenen to Head of Portfolio Solutions, Europe
This edition of International People Moves details appointments at Howden and Liberty Speciality Markets. A summary of these new hires follows here. Howden Taps Former Gallagher Exec Strickland to Launch Space Insurance Practice Howden, the London-based insurance intermediary group, has …
Date: Wednesday, December 10, 2025

Trump Giving Farmers Hit by China Trade War $12B in Aid
President Donald Trump announced a $12 billion farm aid package Dec. 8 — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of …
Date: Wednesday, December 10, 2025

Settlement Approved for New Orleans Archdiocese to Pay Hundreds of Abuse Victims
he New Orleans Archdiocese will pay at least $230 million to hundreds of victims of clergy sexual abuse under a settlement approved Monday by a federal judge that follows years of negotiations. Richard Trahant, an attorney representing victims in the …
Date: Wednesday, December 10, 2025

Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims
Liability risks for small businesses have shifted over the last decade, with fire and slip-and-falls becoming more expensive while water and freezing damage claims are now the most common type of claim. The Hartford analyzed more than one million small-business …
Date: Wednesday, December 10, 2025

Markets/Coverages: MGA Navium Launches Consortium for Pre-Launch Satellite Risks
Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, announced the launch of the “Constellation Consortium,” which it described as “the largest satellite pre-launch consortium in the Lloyd’s market.” With the global satellite sector continuing …
Date: Wednesday, December 10, 2025

FEMA Adds Another $33M for Helene Recovery in North Carolina
The Federal Emergency Management Agency announced another $33 million in Hurricane Helene recovery projects in North Carolina, bringing the agency’s total spending on public assistance grants since the storm to more than $1 billion. The funding is on top of …
Date: Wednesday, December 10, 2025

Michigan Reports Finds 2019 Auto Reform Reduced Insurance $357
The Michigan Department of Insurance and Financial Services this month released a report on the impact of the state’s 2019 auto insurance reform and found cost was reduced an average of $357 per vehicle. “In 2019, Democrats and Republicans in …
Date: Wednesday, December 10, 2025

Reuters: Ben & Jerry’s Board Chair Won’t Resign as Pressure Mounts From Unilever Unit
The chair of Ben & Jerry’s independent board said she has no plans to resign as Unilever pressured her ahead of Monday’s public spinoff of its Magnum ice cream division, which will include the Vermont-based brand. Magnum, a longtime division …
Date: Wednesday, December 10, 2025

Disney’s New Disability Access Policies Are Too Restrictive, Lawsuit Contends
Changes that Disney made to a popular program that lets qualifying disabled people skip long lines at its California and Florida theme parks are too restrictive, disabled fans contend in a federal lawsuit and shareholder proposal that seek to expand …
Date: Wednesday, December 10, 2025

Texas Plan to Stop Parasitic Fly From Destroying Cattle Population Is Not Complete
As Mexican officials battle the spread of New World Screwworm, Texas officials are still working to finalize a response plan that would be enacted should the parasitic fly spread into the state. Texas lawmakers questioned state and federal officials on …
Date: Wednesday, December 10, 2025

US Slaps New Charges on Ukrainian Over Russian Cyberattacks
The US Department of Justice unveiled additional charges against a Ukrainian woman accused of supporting Russian state-backed cyberattacks against critical infrastructure. Victoria Eduardovna Dubranova, 33, was indicted on Tuesday over her alleged links to a Moscow-sponsored group, the DOJ said …
Date: Wednesday, December 10, 2025

Massachusetts Asks Judge to Block Kalshi From Operating Sports-Prediction Market
addictioA Massachusetts judge on Tuesday questioned whether prediction-markets operator Kalshi could legally offer the state’s residents the ability to place financial bets on something as “trivial” as who wins sporting events without running afoul of gaming regulators. Suffolk County Superior …
Date: Wednesday, December 10, 2025

WTW to Acquire Newfront in Deal Worth Up to $1.3B
Broker WTW said it has a definite agreement in place to acquire Newfront for up to $1.3 billion in a move to expand its middle-market reach in specialties such as technology, fintech, and life sciences. The transaction is expected to …
Date: Wednesday, December 10, 2025

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