Insurance Level News and Press

AM Best Rating Acitivity and News

Manulife Net Available Income More Than Doubles in First Quarter as Sales Jump
Manulife Financial Corp. posted a rise in first-quarter net income attributed to shareholders of C$1.15 billion ($837.9 million) in the first quarter, from $485 million from the prior years as it saw ...
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Source: BestWire

Fresh Off Travelers Canada Deal, Definity CEO Anticipates Additional Acquisitions
Months after completing a $2.4 billion deal with Travelers, Definity Financial Corp.'s president and chief executive officer foresees anticipates additional deals. Travelers' Canadian business ...
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Source: BestWire

AM Best Assigns Credit Ratings to Builders Alliance Insurance Company; Downgrades Issuer Credit Rating of Builders Mutual Insurance Company and Affiliate
AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Builders Alliance Insurance Company. The outlook ...
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Source: BestWire

Protective Life Names Successor to Retiring CEO
Protective Life Corp. a U.S. subsidiary of Daiichi Life Group Inc., has appointed Paul Wells to succeed Rich Bielen as chief executive officer, effective Jan. 1, 2027. Bielen will retire at the ...
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Source: BestWire

AM Best Upgrades Issuer Credit Rating of MS Amlin AG (MS Reinsurance)
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of MS Amlin AG (MS ...
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Source: BestWire

Weekly Calendar: AM Best's Analytical Briefing on the State of the Florida Property Market, May 21
AM Best will participant across several gatherings, including the SIR 2026 Annual Conference & Exhibit Fair, where the company will be attending, speaking, exhibiting, and sponsoring, as well as ...
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Source: BestWire

AM Best to Present at European Life Settlement Association’s 2026 Longevity & Mortality Investor Conference
AM Best will participate in the Longevity and Mortality Market Origination panel at the European Life Settlement Association (ELSA) Longevity & Mortality Investor Conference in London on Tuesday, 19 ...
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Source: BestWire

QBE Re Hires Former Scor Exec as Regional Head of Middle East and North Africa
QBE Re, the reinsurance division of global insurance group QBE, has appointed Montassar Cherrak as its regional head of Middle East and North Africa. In this newly created role, Cherrak will lead ...
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Source: BestWire

Aviva Reports Double-Digit First-Quarter Growth in General Insurance, Wealth
Aviva plc posted strong first-quarter premium growth on double-digit increases in both its general insurance and wealth segments. First-quarter general insurance gross written premiums rose ...
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Source: BestWire

MS&AD Completes $1.44 Billion Stake Acquisition in Barings
Mitsui Sumitomo Insurance Co. Ltd. has completed its acquisition of an 18% equity interest in global asset manager Barings LLC. The investment was made through the acquisition of an equity ...
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Source: BestWire

Perils Raises Loss Estimate for Costliest European Windstorm of Season to $900.8 Million
Perils AG increased its insured loss estimate for "very intense" extratropical Windstorm Nils/Ulrike to €767 million ($900.8 million) from €586 million, making it the largest loss of the European ...
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Source: BestWire

Skyward Specialty Appoints President, Excess & Surplus Brokerage and Inland Marine
Skyward Specialty Insurance Group Inc. has appointed Melissa Goto as president, excess and surplus brokerage and inland marine, to lead the strategic development of these businesses. Goto has ...
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Source: BestWire

AM Best to Sponsor and Attend 52nd Annual African Insurance Organisation Conference
AM Best will sponsor and participate in the 52nd Conference and Annual General Assembly of the African Insurance Organisation (AIO), to be held 5-9 June 2026 in Cairo, Egypt. Dr Edem Kuenyehia, ...
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Source: BestWire

AM Best Assigns Issue Credit Rating to Liberty Mutual Group Inc.’s New Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the USD 750 million, 5.25% senior unsecured notes, due 2036, issued by Liberty Mutual Group Inc. (LMGI) (Boston, ...
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Source: BestWire

AM Best Assigns Issue Credit Ratings to Chubb INA Holdings LLC’s Senior Unsecured Bonds
AM Best has assigned Long-Term Issue Credit Ratings of “a+” (Excellent) to Chubb INA Holdings LLC (Chubb) (Delaware) recently announced CNY 4.0 billion (approximately USD 586 million) issuance of ...
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Source: BestWire

Co-operators CFO: Market and Economic Forces Exert Mixed Impact on Canadian Insurers
Economic and market forces are combining for mixed impacts on Canadian insurers, according to Co-operators Group Ltd. Chief Financial Officer Karen Higgins. Claims loss severity has risen on ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
Date: Thursday, May 14, 2026

Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator
Todd Boehly and dozens of his associates contributed more than $300,000 to the Kansas insurance commissioner’s gubernatorial campaign, weeks before her office helped one of the billionaire’s companies win a delay of new capital rules. A slew of Boehly’s companies, …
Date: Thursday, May 14, 2026

People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
Date: Thursday, May 14, 2026

Howden Acquires Indiana-Based Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, a leading cyber data and analytics provider. The acquisition enables Howden to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. …
Date: Thursday, May 14, 2026

Ohio Man Sued for Alleged Model Train Scam
Ohio Attorney General Dave Yost is suing a Brecksville man accused of taking consumers’ money for collectible model trains that he never delivered. The lawsuit, filed in Cuyahoga County Common Pleas Court, alleges that Chase D. Wheeler operated Chase’s Train …
Date: Thursday, May 14, 2026

People Moves: Alliant Insurance Services Adds John Montague to Midwest Benefits Team
John Montague joined Alliant Insurance Services as vice president within its employee benefits group. Based in Minneapolis, Minnesota, Montague has more than 30 years of industry experience spanning the provider, payer, and patient landscapes with a focus on the delivery …
Date: Thursday, May 14, 2026

Florida’s Ailing $6 Billion Rail Line Has Debt Vultures Circling
It’s becoming clearer by the day that Brightline, the struggling Florida private railroad, is shaping up to rank among the biggest municipal-bond restructurings ever, alongside the likes of Puerto Rico and Detroit. But that’s where any clarity around the future …
Date: Thursday, May 14, 2026

NCCI: Workers’ Comp Calendar Year Combined Ratio at 91; Accident Year CR 102
U.S. workers’ compensation net written premium decreased 0.2% in 2025, according to the National Council on Compensation Insurance (NCCI). NCCI reported that while the calendar year 2025 combined ratio for workers’ compensation is 91 (compared with 86 the prior year), …
Date: Thursday, May 14, 2026

Shepherd Insurance Expands Florida Footprint With Arnold Agency Acquisition
Indiana-headquartered Shepherd Insurance, ranked as one of the largest groups of independent agencies, has acquired Arnold Insurance in southwest Florida, the company announced. The partnership will keep the Arnold team in place while giving access to Shepherd’s broader carrier relationships …
Date: Thursday, May 14, 2026

Brookfield Merges Insurance Unit as Flatt’s Overhaul Takes Hold
Brookfield Corp. is merging its shares with those of its insurance business as the firm pushes ahead with plans to transform itself into an investment-led insurer. The merger of the parent company and the insurance business will improve Brookfield Corp.’s …
Date: Thursday, May 14, 2026

Alex Murdaugh’s Murder Conviction Tossed on Clerk Interference
Richard Alexander Murdaugh, the disbarred South Carolina attorney found guilty in 2023 of murdering his wife and son, won his bid Wednesday to overturn his conviction and get a new trial over comments the county clerk made to jurors. The …
Date: Thursday, May 14, 2026

AM Best Downgrades Credit Ratings of Arrow Mutual of Massachusetts
AM Best has downgraded the credit ratings of Massachusetts-based workers’ compensation carrier Arrow Mutual Liability Insurance Co. The ratings firm downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) …
Date: Thursday, May 14, 2026

Denver Airport Security Missed Trespasser Killed By Plane on Runway
Workers at Denver airport missed a security breach by a man who scaled a perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said …
Date: Thursday, May 14, 2026

South Florida Wildfires Have Burned Thousands of Acres
A pair of South Florida wildfires that torched thousands of acres in the Everglades over the weekend spread Monday as fire crews worked to contain them. The Florida Forest Service posted on Facebook that the growing fires were producing smoky …
Date: Thursday, May 14, 2026

California Attorney General Looking into FIFA World Cup Ticketing Practices
California Attorney General Rob Bonta is looking into what he says are reports of misleading ticketing practices for the 2026 FIFA World Cup that are potential violations of California law. Bonta sent a letter to FIFA raising concerns about ticketing …
Date: Thursday, May 14, 2026

Markets/Coverages: AXA XL Starts Prevention-Focused Business Unit; Markel Adds New Media, Entertainment Offerings
AXA XL announced the creation of a new Business Unit dedicated to prevention. The new unit, led by Global Chief Underwriting Officer Libby Benet, will accelerate the development and reach of AXA XL’s risk consulting capabilities and prevention services. The …
Date: Thursday, May 14, 2026

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