Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Market Segment Report: AM Best Maintains Negative Outlook on Colombia’s Insurance Industry
AM Best is maintaining its negative outlook on Colombia’s insurance industry, citing challenging economic conditions, including rising inflation and interest rates, and political ...
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Source: BestWire

AM Best Upgrades Credit Ratings of FuSure Reinsurance Company Limited
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of FuSure Reinsurance Company ...
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Source: BestWire

AM Best to Hold Analytical Briefing on Shifting Directors and Officers Insurance Market Landscape
AM Best will hold an analytical briefing on the U.S. directors and officers (D&O) insurance market, scheduled for Tuesday, June 23, 2026, at 2:00 p.m. EDT. The D&O insurance landscape continues to ...
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Source: BestWire

Gallagher Re Makes Leadership Appointments For Program Solutions Team
Gallagher Re has made a series of new leadership appointments to its program solutions team.  Andrew Moss, the current head of global programs, has become global chair of program solutions, focusing ...
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Source: BestWire

Admiral Acquires Insurtech Partner Flock After MGA's Pivot From Drone to Commercial Auto
Admiral Group plc has completed its acquisition of insurtech Flock, valuing the equity in the digital commercial auto managing general agent at £80 million ($107.6 million). Two years earlier ...
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Source: BestWire

Australian Regulator Seeking Input on Life Insurance Genetic-Testing Ban
The Australian Financial Complaints Authority is consulting on rule changes covering the complaint process for potential violations of the country’s upcoming ban on the use of genetic-testing ...
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Source: BestWire

Howden Re: June Reinsurance Renewals Smiled on Cedents
Reinsurance cedents made gains in pricing, capacity and structural flexibility at June 1 reinsurance renewals as the market enters hurricane season with abundant capital in a record catastrophe bond ...
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Source: BestWire

Athene Holding Appoints President
Athene, a subsidiary of Apollo Global Management Inc., has appointed Matthew Michelini as president of Athene Holding Ltd., effective July 1, 2026. Michelini will be responsible for driving ...
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Source: BestWire

MGA Navium Marine Launches Coverage of AI Infrastructure Cargo
Managing general agent Navium Marine said it is launching a first-of-its-kind insurance program covering shippers of artificial intelligence infrastructure cargo in a partnership with technology firm ...
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Source: BestWire

Standard Life Completes $269 Million Pension Buy-In Deal With Abbey Life Assurance
Standard Life plc said it has completed a £200 million (US$269 million) bulk purchase annuity transaction with the Abbey Life Assurance Co. Ltd. Staff Pension Scheme. The buy-in transaction ...
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Source: BestWire

Coalition of 24 States Push Back on DOL’s Proposed Alt-Asset Investment Rules
Attorneys general and labor department leadership from 24 states are voicing opposition to a United States Department of Labor proposal that would make it easier for 401(k) and other retirement plan ...
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Source: BestWire

UnitedHealth Disputes Allegation of $100 Million Massachusetts Medicaid Fraud
UnitedHealthcare Insurance Co. says a lawsuit filed by the Massachusetts attorney general accusing it of defrauding the state’s Medicaid program of at least $100 million is meritless and ...
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Source: BestWire

AM Best to Present Results of Survey on Insurers’ Artificial Intelligence Adoption to Society of Insurance Research’s Members
AM Best will deliver a presentation based on its recent survey of insurance companies on the pace of artificial intelligence (AI) adoption to the Society of Insurance Research’s (SIR) members on June ...
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Source: BestWire

AM Best Assigns Credit Ratings to Hydor Insurance Limited
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Hydor Insurance Limited (HIL) (Guernsey). The outlook assigned to these ...
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Source: BestWire

Beazley Appoints Head of Alternative Risk Transfer
Specialty insurer Beazley has appointed Stefan Wunderlich as head of alternative risk transfer alongside his existing role of head of parametric. He will be relocating to Bermuda subject to ...
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Source: BestWire

Aspen Posts First-Quarter Loss Following Acquisition by Sompo
Aspen Insurance Holdings Ltd. posted a first-quarter net loss following its $3.5 billion acquisition in February by Sompo Holdings Inc. Net loss available to ordinary shareholders for the quarter ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Anthropic Offers Mythos Model Access to 150 Additional Groups
Anthropic PBC is allowing 150 additional organizations around the world to access Mythos, an artificial intelligence model aimed at finding cybersecurity vulnerabilities that the company has said was too dangerous to make available to the general public. Anthropic plans to …
Date: Tuesday, June 2, 2026

People Moves: Markel Int’l Promotes McCarthy as MD of Marine, Energy and Construction Division in London; Gallagher Re Names Key Leaders of Programs Solutions Team
This edition of International People Moves details appointments at Markel International and Gallagher Re. A summary of these new hires follows here. Markel Int’l Promotes McCarthy as MD of Marine, Energy and Construction Division in London Markel Insurance, the insurance …
Date: Tuesday, June 2, 2026

Florida Sues OpenAI, Sam Altman Over Chatbot Safety Concerns
The state of Florida sued OpenAI and Chief Executive Officer Sam Altman, accusing the artificial intelligence company of ignoring safety warnings and releasing its ChatGPT product while knowing it was harmful to users. The lawsuit, filed Monday in state court, …
Date: Tuesday, June 2, 2026

Social Media Companies to Pay $27M to Settle Kentucky School District’s Lawsuit
A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental?health crisis, according to records seen by Reuters on Friday. Meta agreed to pay the most …
Date: Tuesday, June 2, 2026

People Moves: AXIS Appoints Su to Lead Alternative Risk, NA; Bloemers Hub’s New Chief Cross-Sell Officer; BHSI Names Wyatt Head of Marine for NA, UK
AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Austin Su as head of alternative risk, North America. Su will lead the development and execution of AXIS’s alternative risk and structured casualty strategy, focusing on building and scaling the company’s …
Date: Tuesday, June 2, 2026

California Suing Former 23andMe Firm for 2023 Data Breach
California Attorney General Rob Bonta filed a lawsuit against the DNA company formerly known as 23andMe for failing to protect consumer data. Bonta sued Chrome Holding Co., formerly known as 23andMe, for failing to protect its customers’ personal information and …
Date: Tuesday, June 2, 2026

Rikers Correction Officer Lied to Obtain Workers’ Compensation Benefits
A corrections officer at New York City’s Rikers Island prison has pleaded guilty to receiving more than $200,000 in workers’ compensation benefits to which he was not entitled, prosecutors reported. According to Jay Clayton, U.S. Attorney for the Southern District …
Date: Tuesday, June 2, 2026

Still Too Risky to Move Seafarers From Gulf, UN Agency Boss Says
Despite the current ceasefire between the United States and Iran, it remains too risky to move the thousands of sailors stuck in the Gulf, the head of the U.N.’s shipping agency said. “We will not be able to activate anything …
Date: Tuesday, June 2, 2026

GE Vernova Must Continue Vineyard Wind Work While Payment Issues Play Out
A Massachusetts judge on Monday declined to lift an order that forced turbine supplier GE Vernova to continue work on the largest offshore wind farm in New England or to send its dispute with the $4.5 billion project’s developer, Vineyard …
Date: Tuesday, June 2, 2026

Ship Operators Urge Clear Rules to Return Hormuz to Normal
Shipping executives meeting in Athens on Monday said that any peace deal worked out between the United States and Iran would need to offer clear rules allowing vessels to resume normal business via the Strait of Hormuz. Shipowners and maritime …
Date: Tuesday, June 2, 2026

Judge Blocks Trump Administration From Breaking Up Climate Research Center
A judge has temporarily blocked the National Science Foundation from dismantling the National Center for Atmospheric Research, or NCAR, a globally significant weather and climate research center based in Boulder, Colorado. Senior US District Judge R. Brooke Jackson on Monday …
Date: Tuesday, June 2, 2026

Viewpoint: How Climate Change Is Creating Uninsurable Areas Across Europe
As climate change makes extreme weather events more intense and frequent, “uninsurable areas” are becoming increasingly common. They are a clear demonstration that insurance – the mechanism through which modern societies deal with all kinds of risk – is structurally …
Date: Tuesday, June 2, 2026

M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring
A former mergers and acquisitions lawyer with top firms including Latham & Watkins and Goodwin Procter pleaded not guilty to charges that he led a massive insider trading ring that made tens of millions of dollars in illegal profits. Nicolo …
Date: Tuesday, June 2, 2026

Warmer World Means Bigger Hail and More Damage, Study Finds
Warming global temperatures will probably mean more hailstorms with larger and more damaging hailstones, a study published in a prestigious, peer-reviewed journal predicts, echoing troubling trends identified in by other data sources. “Here we show a 36.5%–42.1% increase in global …
Date: Tuesday, June 2, 2026

People Moves at Alfa, Alliant in the Southeast
Alfa Insurance, one of the largest property insurers in Alabama, named David Bailey senior vice president of claims, effective this week. Bailey, who recently served as regional vice president, takes over from Bryan Hubbard, who retired after 36 years at …
Date: Tuesday, June 2, 2026

Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
Artificial intelligence hallucinations, also known as “AI slop,” have become such a concern in court filings that the Florida Supreme Court has issued new statewide rules designed to hold attorneys more accountable. The rules, which take effect June 15, will …
Date: Tuesday, June 2, 2026

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