Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Insurance Law Podcast Examines Rig Collapse Anatomy and Resulting Legal Issues
AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal ...
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Source: BestWire

WTW Appoints Country Leader for Singapore
WTW appointed Han Wei Fong as country leader for Singapore, effective March 1. Fong will hold dual capacity, continuing his current position as head of health and benefits, Singapore, alongside ...
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Source: BestWire

Perils Estimates $558.2 Million in Insured Losses From Australian January Bushfires
January bushfires in Australia caused an estimated A$786 million ($558.2 million) in losses, according to Perils. The Jan. 7-13 fires in Victoria were the most destructive since the February 2009 ...
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Source: BestWire

Gallagher Re Appoints Managing Director, Head of Asia-Pacific
Gallagher Re, a global reinsurance broking and advisory firm, appointed Roshan Perera to succeed Mark O’Brien as managing director, head of Asia-Pacific, and Richard Jones to succeed Mark Morley as ...
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Source: BestWire

Howden Appoints Group Chief Legal Officer
Howden, a global insurance broking group, appointed Christopher Dalrymple as group chief legal officer, effective March 23. Dalrymple has more than 25 years of global legal leadership in the ...
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Source: BestWire

Allianz CEO Sees High Potential in European Growth, Cross-Selling
Allianz SE looks to grow its customer base and cross-selling initiatives in Europe as it sees potential in protection and health insurance while improving its property/casualty segment, its chief ...
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Source: BestWire

AM Best Affirms Credit Ratings of Primerica, Inc. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Primerica Life Insurance Company (Nashville, TN) and ...
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Source: BestWire

Most Popular Best's Review Articles Include ‘Learning Curve: Our Readers Identify Gaps in Insurance Education’ and More
In the past 30 days, Best’s Review readers have been most interested in the following insurance news coverage: “Learning Curve: Our Readers Identify Gaps in Insurance Education” features ...
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Source: BestWire

Best’s Commentary: Losses From US Winter Storms to Carve Into First-Quarter 2026 Earnings
Total insured losses from two significant U.S. winter storms in 2026 are expected to carve into first-quarter earnings of property/casualty insurers; however, AM Best expects the industry segment to ...
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Source: BestWire

Maryland Bill Would Create Mutual, Stock Insurer Conversion Rules
The Maryland General Assembly is considering legislation that would authorize certain mutual insurance holding company systems to be converted into mutual insurers following plan approval. House ...
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Source: BestWire

Fourth-Quarter Net Income Multiplies 10-Fold at Florida Homeowners Insurer Universal
Universal Insurance Holdings Inc.'s fourth-quarter available net income multiplied 10-fold to $66.6 million as the combined ratio improved 20.4 points to 87.5. The competitive environment is ...
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Source: BestWire

Ageas Boosts Second-Half Profit With Esure, Nonlife Gains
Ageas SA/NV reported higher second-half and 2025 net income as the Belgium-based group expanded its international reach with recent acquisitions. "The acquisition of esure, which positions us as ...
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Source: BestWire

Court Blocks Howden From Soliciting Marsh Employees, Clients
Howden US Services LLC was ordered to stop soliciting Marsh USA LLC employees and clients as part of one of several employee poaching lawsuits Howden is facing. The case is related to a separate ...
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Source: BestWire

Pacific Life Reaches $58.3 Million Settlement in IUL Illustration Lawsuit
Pacific Life Insurance Co. agreed to pay $58.3 million to settle a lawsuit claiming it provided policyholders with misleading marketing materials and illustrations to sell indexed universal life ...
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Source: BestWire

Slide CEO: Citizens Florida Takeout Opportunities Shrink, Dependent on Reinsurance Rates in 2026
Florida-based Slide Insurance Holdings Inc. is on track to expand to several new states this year as it expects to-date rapid growth from Citizens Property Insurance Corp. takeouts to slow, ...
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Source: BestWire

TWIA Sets 2026 Probable Max Loss Level, Seeking $2.28 Billion in Reinsurance
The Texas Windstorm Insurance Association set its 1-in-50 probable maximum loss needs at $4.3 billion and is looking to secure $2.28 billion in reinsurance for the 2026 hurricane season. The 1:50 ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Fidelis Insurance Group to Rebrand as Pelagos Insurance Capital in 2026
Fidelis Insurance Holdings Ltd., the Bermuda-based risk selector in specialty insurance and reinsurance, announced it intends to change its name to Pelagos Insurance Capital Ltd. It is expected to begin trading under the new ticker symbol (NYSE: PLGO) in May …
Date: Thursday, February 26, 2026

Minnesota Resolves Suit Against Fleet Farm for Negligent Firearm Sales
Minnesota Attorney General Keith Ellison announced that he has resolved the October 2022 lawsuit he filed on behalf of the State of Minnesota against retail chain Fleet Farm for negligently selling firearms to straw purchasers. The consent judgment with Fleet …
Date: Thursday, February 26, 2026

‘Meaningful Decline’ in Industry Q1 Underwriting Profit Expected From Winter Storms
Another tough first quarter is in store for insurers when it comes to catastrophe losses—though not as severe as a year ago from the California wildfires. According to industry rating agency AM Best, insurance losses from the two major winter …
Date: Thursday, February 26, 2026

Relation Acquires Illinois’ Thorn Creek
Relation Insurance Services announced their acquisition of the assets of Thorn Creek Insurance Services Inc. The transaction went into effect on January 31, 2026; terms of the transaction were not disclosed. Headquartered in Springfield, Illinois, Thorn Creek entered the property …
Date: Thursday, February 26, 2026

Families of Flood Victims Texas Over Camp Mystic Disaster Response
Texas health officials failed to follow state law when they licensed Camp Mystic without making sure it had an evacuation plan, parents of nine children and counselors who died in the July 4 flood allege in a new federal lawsuit. …
Date: Thursday, February 26, 2026

Lead Detected in New Orleans Homes Amid Delayed Pipe Replacement
Each morning, Katherine Prevost fills her coffee maker with water from her kitchen faucet and presses the button. Until recently, she didn’t know the water may have contained a potent neurotoxin — lead. She was shocked when a water test …
Date: Thursday, February 26, 2026

Insurers See Themselves Shielded From Private Credit Worries
Top executives at some of Europe’s biggest insurance companies acknowledged widespread concern about private credit while seeking to reassure investors about their own investments in the asset class. Markets are worried “that when things don’t go well in the economy, …
Date: Thursday, February 26, 2026

EU Seeks G7 Coordination on Maritime Services Ban on Russian Seaborne Oil
The European Union needs to coordinate its plan to impose a full maritime services ban on Russia’s seaborne crude oil exports with other G7 countries before pushing ahead with the measure, the EU’s sanctions envoy said on Thursday. The European …
Date: Thursday, February 26, 2026

Root Inc. Reports Record 2025 Net Income as Policies Grow
Root Inc. reported a fourth quarter 2025 net income of $5.3 million compared with net income of $22.1 million for the same period in 2024 but ended the year with record net income of $40.3 million, a 30% jump compared …
Date: Thursday, February 26, 2026

King Risk Expands With Acquisition of Lewis Agency in Georgia
King Risk Partners, one of the largest U.S. agencies, with offices across the eastern half of the country, has acquired Georgia-based Lewis Insurance, an independent agency that writes personal and commercial coverage around the Southeast. Lewis, founded more than 30 …
Date: Thursday, February 26, 2026

Willis Launches Global Digital Infrastructure Group for Data Center Risks
Willis, a WTW business, said it has started a Global Digital Infrastructure Group to be led by Alastair Swift, head of Willis Global Specialties. The announcement comes on the heels of a newly unveiled data center risk management framework. The …
Date: Thursday, February 26, 2026

People Moves: Former USAA CEO Named to Cotality Board; Chubb Names MacLean ESIS Division President; BHSI Promotes in Property
Cotality Appoints Former USAA CEO Peacock to Board Property information and analytics provider Cotality said it appointed former USAA chief executive Wayne Peacock as an independent member of its board, effective Feb. 18. Peacock spent 36 years with USAA, becoming …
Date: Thursday, February 26, 2026

Safety Insurance Drove Up Net Income by 40% in 2025
Safety Insurance Group, Inc. reported that net income for the full year 2025 was $99.3 million compared to net income of $70.7 million for the 2024, a 40% increase. Net income for the quarter ended December 31, 2025 was $20.1 …
Date: Thursday, February 26, 2026

Arthur J. Gallagher & Co. Acquires German Broker Krose GmbH & Co.
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance broker, announced the acquisition of Bremen, Germany-based Krose GmbH & Co KG (Krose). Terms of the transaction were not disclosed. Founded in 1920, Krose provides commercial insurance and reinsurance solutions …
Date: Thursday, February 26, 2026

T. Rowe Among Signatories to Resurrected Net Zero Alliance
A net zero alliance for asset managers has resurrected itself after shelving its work last year amid a wave of US defections. The Net Zero Asset Managers initiative now has more than 250 signatories, including Aberdeen Investments and Amundi SA, …
Date: Thursday, February 26, 2026

Majority of Companies Worldwide See AI Benefits; Coverage Vague
A recent survey of more than 1,200 global businesses found that as artificial intelligence adoption accelerates, 82% of respondents report positive impacts on their organizations. Global insurance brokerage Gallagher recently released its third annual AI Adoption and Risk Survey, which …
Date: Thursday, February 26, 2026

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