Insurance Level News and Press

AM Best Rating Acitivity and News

Aon Hires Growth and Technical Director for UK Insolvency Team
Aon's specialist U.K. insolvency and restructuring insurance and risk team, has hired Catherine Williamson to the newly created role of growth and technical director. Williamson will focus on ...
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Source: BestWire

Peak Re Appoints Former Aspen Re Exec as Chief Underwriting Officer
Peak Reinsurance Co. Ltd. hired Philip Hough as chief underwriting officer on April 2. Hough will lead Peak Re’s property/casualty underwriting strategy and business process, with responsibility ...
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Source: BestWire

Skuld Appoints SVP and Head of Skuld Piraeus
Marine mutual Skuld appointed Charlotte Valentin to succeed Kjell-Åke Augustsson as senior vice president and head of Skuld Piraeus, effective March 1. Valentin was appointed interim head of ...
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Source: BestWire

Massachusetts Regulator Approves Liberty Mutual Affiliates’ Conversion, Merger Plan
The Massachusetts Division of Insurance approved a plan that will see three Liberty Mutual Insurance Co. Inc. affiliates convert to stock insurers, then merge. The reorganization plan would see ...
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Source: BestWire

Radian CEO: Closed $1.67 Billion Inigo Acquisition Advances Plan to Grow, Diversify Mortgage Writer
Radian Group Inc. becomes a global multiline specialty carrier with its $1.67 billion acquisition of Lloyd's specialty insurer Inigo Ltd., according to Chief Executive Officer Rick ...
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Source: BestWire

Price Forbes Launches a Bermuda Property Facility
Broker Price Forbes launched a cross-class follow property facility Lectio in Bermuda to complement a Lectio facility in London. The addition of Bermuda property extends Lectio's premium scope to ...
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Source: BestWire

New Hampshire Regulator: More Than 30 Insurers Entered State Market in 2025
More than 30 new insurance companies entered the New Hampshire market in 2025, which also saw 742 new producers and 45 new resident adjusters register in the state, the insurance department ...
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Source: BestWire

Vermont Bill Expands Access to Short-Term Health Plans, Exec Compensation Reporting
A bill was introduced in the Vermont Legislature that includes provisions to expand access to short-term and association health plans and would create new executive compensation reporting ...
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Source: BestWire

K2 Acquires Management Liability Business From Rising Edge
K2 Insurance Services said it acquired Rising Edge's management liability underwriting business and will form a new division rebranded as K2 Executive Risk Ltd. The division will be part of K2 ...
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Source: BestWire

Marsh Appoints UK Chief Executive Officer
Marsh has appointed Lisa Quest to succeed Chris Lay as United Kingdom chief executive officer, in addition to her current role as head of United Kingdom and Ireland Oliver Wyman, effective April 6. ...
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Source: BestWire

Liberty Specialty Markets Appoints Head of Aviation
Liberty Specialty Markets appointed Ed Louth to succeed Miles Taffs, interim head of aviation, as permanent head of aviation, effective immediately. Louth has overall responsibility for ...
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Source: BestWire

Perils: Australian October Storm Loss Estimate Rises to $1.05 Billion
Perils AG raised its insurance loss estimate to A$1.51 billion ($1.05 billion) from A$1.1 billion for a series of convective storms on Australia's east coast in late October. The storms hit the ...
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Source: BestWire

Best's News: Federal Order Could Provide Impetus Toward Stabilizing the Cannabis Insurance Market
AM Best’s David Blades and Alexander Winant discuss a new Best's Commentary that delves into the move to reclassify marijuana under federal law, which could be a significant step for the insurance ...
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Source: BestWire

CEO: Selective Increases Commercial Auto Casualty Loss Cost, Ups Expected Liability Severity
Selective Insurance Group Inc. increased commercial automobile casualty loss cost by nearly 6% and upped its commercial auto liability expected severity trend to about 10%, President and Chief ...
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Source: BestWire

Hospitals, Insurers Seek Acquisition Plan Modification Following Flat Medicaid Rate Proposal
Kaiser Foundation Hospitals and Risant Health Inc. are asking the Pennsylvania regulator to modify plans to acquire Geisinger Indemnity Insurance Co. and related companies due to flat HealthChoice ...
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Source: BestWire

AM Best Affirms Credit Ratings of Factory Mutual Insurance Company, Its Subsidiaries and Affiliate
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa” (Superior) of Factory Mutual Insurance Company (FMIC) ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Court Blocks Trump Halt on Last of 5 Suspended Offshore Wind Projects
All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge’s ruling on Monday that cleared Denmark’s Orsted to proceed with its Sunrise Wind project off the coast of New York. Orsted’s …
Date: Tuesday, February 3, 2026

Markets/Coverages: Munich Re Launches Pandemic Consortium via Lloyd’s Market
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd’s market initiative which will be focused on offering parametrically triggered catastrophic communicable disease insurance. The consortium will offer a proactive emerging risk transfer solution …
Date: Tuesday, February 3, 2026

The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets
More than $3 trillion. That’s the ­staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—are prepared to foot the bill …
Date: Tuesday, February 3, 2026

Russian Captain Found Guilty Over Crew Member’s Death in US Tanker Crash
The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member …
Date: Tuesday, February 3, 2026

EU Body’s Advice on Toxin Limit in Baby Formula Prompts More Recalls
The European food safety body on Monday advised a maximum threshold for the cereulide toxin used in infant formula, prompting some French producers to withdraw additional products from the market. Cereulide, a toxin that can cause nausea and vomiting, has …
Date: Tuesday, February 3, 2026

APCIA Hires Hanson to Lead National Advocacy and Coalition Strategy
The American Property Casualty Insurance Association (APCIA) announced the hiring of Meagan Myers Hanson as department vice president, advocacy, campaigns, and coalitions. Hanson will lead APCIA’s integrated advocacy campaigns, coordinate national and state-based coalitions, and shape messaging and engagement strategies …
Date: Tuesday, February 3, 2026

Active Tornado Season Expected in the US
An active 2026 tornado season is expected for the Central Plains, with approximately 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics (KITD). Factors influencing this forecast include persistent La Niña conditions, warmer-than-average Gulf …
Date: Tuesday, February 3, 2026

India Plans a $2.2 Billion Bet on Carbon Capture and Storage
India’s government proposed a 200 billion rupees ($2.2 billion) program to ramp up the deployment of carbon capture utilization and storage technology, to help mitigate the emissions of five heavily polluting sectors. The plan would target power, steel, cement, refineries …
Date: Tuesday, February 3, 2026

Data Center Boom Offers Organic Growth Opportunities for Brokers Like Aon, Marsh
The global boom in the construction of data centers – driven by the growth of generative artificial intelligence (AI) and machine learning – is creating organic growth opportunities for major brokers such as Aon and Marsh. “Over the next five …
Date: Tuesday, February 3, 2026

Carolinas Emerge as New Population Boom States With Affordability and Lifestyle
Move over Florida and Texas. The United States has new hot spots for growth, and they both have Carolina in their name. North Carolina last year attracted more new residents, 84,000 people, from other parts of the country than any …
Date: Tuesday, February 3, 2026

Coverage A for Florida Surplus HO-3 Shows Mixed Bag in Premiums, Policy Count
Primary insurers in Florida aren’t the only ones reporting rate reductions for segments of the populace. Surplus lines also have seen premium decreases as well as significant policy count growth—at least for some slices of the market. The Florida Surplus …
Date: Tuesday, February 3, 2026

Arizona Experienced 25% Decrease in Vehicle Thefts in 2025, New Report Shows
Vehicle thefts fell by 25% in Arizona in 2025 to the lowest rate in decades, and the third consecutive year of a decrease in the state, a new report shows. Data from the Arizona Automobile Theft Authority’s Auto Crime Tracker …
Date: Tuesday, February 3, 2026

Marsh McLennan Agency Acquires Marine Insurance Specialist Robinson & Son
Marsh McLennan Agency (MMA) announced the acquisition of Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry. Terms of the acquisition were not disclosed. The agency, which offers both commercial and personal lines insurance, was …
Date: Tuesday, February 3, 2026

Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme
A federal grand jury on January 30 indicted a Massachusetts married couple for their alleged involvement in a scheme to defraud individuals and insurance providers through their business, BL Insurance Brokerage, LLC. U.S. Attorney Leah B. Foley of the District …
Date: Tuesday, February 3, 2026

California Light Bulb Maker Paying $100K for Firing Pregnant Worker
A California lightbulb manufacturer is paying $100,000 to settle a pregnancy discrimination lawsuit. Feit Electric Inc., a lightbulb manufacturer based in Los Angeles, must pay $100,000 and provide other relief to settle the pregnancy discrimination suit filed by the U.S. …
Date: Tuesday, February 3, 2026

MAPFRE Denied Injunction Against AAA Auto Insurance Sales in Massachusetts
MAPFRE Insurance has been denied a preliminary injunction to keep AAA Northeast from selling auto insurance policies in Massachusetts in what the insurer says is a violation of an exclusive marketing agreement it has with the auto club in the …
Date: Tuesday, February 3, 2026

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