Insurance Level News and Press

AM Best Rating Acitivity and News

Allianz, Jio to Launch General/Health Insurance Joint Venture in India
Allianz Group and Jio Financial Services Ltd. said they entered into a binding agreement to form a 50/50 primary insurance joint venture for general and health insurance in India. The agreement ...
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Source: BestWire

AM Best Withdraws Credit Ratings of DTRIC Insurance Company, Limited and DTRIC Insurance Underwriters, Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of DTRIC Insurance Company, Limited (DTRIC) and its reinsured ...
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Source: BestWire

Beazley Shareholders Approve $10.9 Billion Acquisition by Zurich
Shareholders of Beazley plc overwhelmingly approved the Lloyd's insurer's acquisition by Zurich Insurance Group Ltd., opening the way for completion later this year. In a general shareholders ...
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Source: BestWire

AM Best Removes From Under Review With Positive Implications and Upgrades Credit Ratings of Louisiana Farm Bureau Insurance Company
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a” (Excellent) ...
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Source: BestWire

AM Best Affirms Credit Ratings of The Tokio Marine and Nichido Fire Insurance Company (China) Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of The Tokio Marine and Nichido Fire Insurance Company (China) Limited ...
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Source: BestWire

AM Best Places Credit Ratings of Bao Minh Insurance Corporation Under Review With Negative Implications
AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Vietnam National Scale Rating (NSR) ...
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Source: BestWire

AM Best to Join Panel at FASE’s First-Ever MGA Rendezvous
AM Best will attend and participate in a panel discussion at the Fédération des Agences de Souscription Européennes’ (FASE) inaugural MGA Rendezvous, to be held in Barcelona, Spain, on 11-12 May ...
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Source: BestWire

AM Best to Sponsor, Exhibit and Join Panel Discussion at Society of Insurance Research’s 2026 Annual Conference
AM Best will sponsor, exhibit and join a session at the Society of Insurance Research’s 2026 Annual Conference, which will take place May 17-19, 2026, in Kansas City, MO.   Sridhar Manyem, senior ...
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Source: BestWire

AM Best Affirms Credit Ratings of Shinkong Insurance Company Limited
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (ICR) of “a+” (Excellent) of Shinkong Insurance Company Limited (Shinkong Insurance) ...
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Source: BestWire

AM Best Assigns Credit Ratings to Ocean Marine Indemnity Company
AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good) to Ocean Marine Indemnity Company (OMI) (Metairie, LA). The outlook assigned to ...
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Source: BestWire

Acrisure Re to Integrate Capital and Captives Division in Restructuring
Acrisure Re, the reinsurance division of fintech company and broker Acrisure, said it has integrated its capital and captives division into one platform. Acrisure Re said in a statement the ...
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Source: BestWire

British Insurers Backing Pension Reform Bill, Despite Reservations
The Association of British Insurers has come out in support of pension reforms winding through the United Kingdom’s Parliament, saying the industry has long sought updates but expressed concern about ...
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Source: BestWire

Abacus Global Management Names Chief Investment Officer
Abacus Global Management Inc. has appointed Alexei Solomon as chief accounting officer and treasurer and Elena Plesco has been appointed chief investment officer. Solomon has more than 20 years ...
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Source: BestWire

AM Best Affirms Credit Ratings of Acerta Compañia de Seguros, S.A.
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Acerta Compañia de Seguros, S.A. (Acerta) (Panama City, Panama). The outlook ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to Maine Mutual Group’s New Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the USD 35 million, 9.5% senior unsecured notes, due 2046, issued by Maine Mutual Group (Presque Isle, ME). The outlook ...
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Source: BestWire

Kingstone Extends President-CEO Contract to January 2029
Kingstone Cos. Inc., a property/casualty insurance holding company, said its board of directors agreed to extend the term of President and Chief Executive Officer Meryl Golden's employment agreement ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Lawsuit Accuses JetBlue of Using Customers’ Personal Data to Raise Air Fares
JetBlue has been sued in a proposed class action claiming it uses customers’ personal data to set ticket prices, after its response to a social media post raised concern that the carrier employed “surveillance pricing” to make flying more expensive. …
Date: Thursday, April 23, 2026

Midwest Soybean Farmers Face Financial Struggles Amid Rising Costs
Strong winds whipped around Doug Bartek, a fifth-generation farmer, as he headed into a grain bin to shovel soybeans onto a conveyor chute. The 60-year-old was anxious at the onset of the spring planting season, rattling off the long list …
Date: Thursday, April 23, 2026

‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East
When it comes to Anthropic’s Mythos as friend or foe, Chubb CEO Evan G. Greenberg said the “arms race is on.” Speaking during a conference call to discuss first quarter earnings, Greenberg told analysts Anthropic’s Mythos artificial intelligence model has …
Date: Thursday, April 23, 2026

Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says
Last year was a much better year for the once-distressed Florida insurance market, as direct written premium rose, policyholder surplus levels climbed, and the average combined ratio for carriers improved by a stunning 22 percentage points, Gallagher Re reported this …
Date: Thursday, April 23, 2026

Drought and Wildfires Pose Threat to U.S. Cattle Ranchers
It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle — and that’s not an easy ask. For a host of reasons, Hatzenbuhler and …
Date: Thursday, April 23, 2026

AM Best Upgrades Credit Rating of Louisiana Farm Bureau
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “bbb” (Good) of Louisiana Farm Bureau Insurance Company …
Date: Thursday, April 23, 2026

France Probes Weather Data Tampering After Surge in Polymarket Bets
France’s forecasting office flagged suspected tampering with weather sensors at the country’s largest airport and referred the case to police, after detecting unusual readings alongside heavy betting on a popular prediction market. Automated temperature readings taken at Meteo France’s weather …
Date: Thursday, April 23, 2026

New Jersey Lawmakers Weigh Future of New Flood Rules
A joint legislative panel took more than four hours of testimony on a proposal to rescind and amend controversial flood rules approved on Gov. Phil Murphy’s last day in office. The discussion was spurred by a resolution sponsored by Senate …
Date: Thursday, April 23, 2026

West Virginia Chemical Facility Reaction Kills 2, Injures 20
Two workers were killed and 20 others, including first responders, were injured when a chemical reaction went awry at a silver recovery facility in West Virginia. The reaction and leak happened Wednesday at the Catalyst Refiners plant near Institute, about …
Date: Thursday, April 23, 2026

Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Insurance Risk
A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers. Euler ILS Partners, an alternative investor formed …
Date: Thursday, April 23, 2026

PwC Pays $166 Million to Settle HK Evergrande Audit Probe
PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …
Date: Thursday, April 23, 2026

Beazley Shareholders Approve Zurich’s $10.9 Billion Cash Takeover
London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting held earlier in the day. The acquisition, which follows a series of …
Date: Thursday, April 23, 2026

Viewpoint: Middle Market Businesses Are Cutting Costs – But May Be Increasing Risks
When I talk with our agents that serve middle market clients, the same themes consistently emerge: middle market businesses are optimistic, but they’re also fatigued and looking for more than traditional risk transfer from their insurance partners. Many owners are …
Date: Thursday, April 23, 2026

People Moves: Goldie to Oversee Nationwide’s Management Liability, Cyber Teams; Former FIO & NAIC Exec. Joins The Council; Smallcombe Appointed CUO, Ascot US
Bobbie Goldie to Oversee Nationwide’s Private Company Management Liability, Cyber Liability Teams Nationwide is tapping insurance industry veteran Bobbie Goldie to oversee the insurance and financial services company’s private company management liability and cyber liability teams. She’ll assume that role …
Date: Thursday, April 23, 2026

State Farm Paid a ‘Hail’ of a Lot of Claims in 2025
Providing its annual report of hail-related claims, State Farm said that it paid out $5.6 billion nationally for such claims in 2025, and $1.4 billion in Texas alone. The giant insurer’s report on hail claims includes a list of the …
Date: Thursday, April 23, 2026

Roblox Settles With Three States For $35.8 Million Over Child Safety
Roblox Corp. has reached settlements with attorneys general in three states over child-safety protections. As part of the deals, the video game company pledged to curb dangerous interactions on its platform, according to statements from the offices of the attorneys …
Date: Thursday, April 23, 2026

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