Insurance Level News and Press

AM Best Rating Acitivity and News

Kemper Swings to Fourth-Quarter Net Loss, Takes $35 Million Charge on Florida Excess Auto Profits
Kemper Corp. swung to an $8 million loss in the fourth quarter from a $97.4 million net income a year earlier, stung by higher automobile claims frequency and severity and a $35 million ...
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Source: BestWire

AM Best Affirms Credit Ratings of Worldwide Medical Assurance, Ltd. Corp.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Worldwide Medical Assurance, Ltd. Corp. (WWMA) (Panama City, ...
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Source: BestWire

AM Best Upgrades Credit Ratings of Sofimex, Institucion de Garantias S.A.
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ...
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Source: BestWire

Willis Appoints Head of Mergers & Acquisitions, Asia in FINEX Business
Willis, a WTW business, appointed Mareli Vermeulen as head of mergers and acquisitions, Asia, within its financial and executive risks business. Based in Singapore, Vermeulen will lead the ...
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Source: BestWire

Globe Life Sees Sales Rise in Fourth Quarter; Net Income Up in Period
Globe Life Inc. reported net income of $266.1 million in the fourth quarter, up from $255.2 million a year earlier, as it continued an effort to boost both sales and its agent force. Net sales of ...
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Source: BestWire

Florida House Passes Bill to End Citizens Arbitration Requirement
A bill that would end Citizens Property Insurance Corp.’s ability to require policyholders to mediate claim disputes through arbitration passed the Florida House of Representatives on Feb. ...
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Source: BestWire

Markel CEO: Reinsurance Exit Caps Year of Long-Range Structural Changes
Markel Group Inc. posted higher fourth-quarter net income as it closed a year of big structural changes capped by its exit from the $1.2 billion global reinsurance business, its chief executive ...
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Source: BestWire

Canopius Group Appoints Successor to Retiring Chief People Officer
Canopius Group appointed Adrian Phipps to succeed Barbara Turner as chief people officer, effective June. In his new role, Phipps will lead the business’ people strategy, with a focus on talent ...
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Source: BestWire

MetLife Exec: Family Leave Insurance Provides 'Nice Tailwind' as More US States Require It
MetLife's U.S. head said paid family leave insurance stands to make up a bigger share of the group benefits business as it expands to more states across the country. Ramy Tadros, regional ...
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Source: BestWire

Sampo CEO: UK, Nordic Industrial Lines See Rising Competitive Pressures
Sampo plc posted sharply higher fourth-quarter profit as the group's chief executive officer said digital and commercial lines advanced amid competitive pressure in certain areas. For the year, ...
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Source: BestWire

As Allstate Doubles Fourth-Quarter Net Income, CEO Calls for Auto Reform to Address Affordability
The industry needs to focus on regulatory and legislative legal reform countrywide to improve automobile insurance rates and affordability, according to Allstate Corp. Chair, President and Chief ...
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Source: BestWire

Cigna CEO: FTC Settlement Outcome Manageable
The Federal Trade Commission’s settlement with pharmacy benefit manager Express Scripts Inc. will have a minimal impact on margins, according to the Cigna Group, which saw fourth-quarter net income ...
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Source: BestWire

Marsh Risk Names Exec for Newly Created Global Supply Chain Practice Leader Role
Marsh Risk, a business of Marsh, appointed James Crask to the newly created role of global supply chain practice leader.  In this role, Crask is responsible for combining Marsh Risk’s existing ...
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Source: BestWire

Everest Group CEO: Specialty Lines Advance as Property Rates Soften
Jan. 1 reinsurance renewals revealed continued property price softening as Everest Group Ltd. deployed capital selectively while seeing growth in specialty lines, its chief executive officer ...
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Source: BestWire

Hannover Re: Jan. 1 Renewals Featured Property Price Declines
Hannover Re saw significant price declines in some areas at Jan. 1 renewals as the reinsurer reported an average risk-adjusted price drop of 3.2% as treaty renewal premium income in traditional ...
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Source: BestWire

AM Best Affirms Credit Ratings of Partners Life Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Partners Life Limited (Partners Life) (New Zealand). The outlook of ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer
The six people killed in a fiery plane crash in Maine were flying to France’s Champagne region to scope out the next travel destination for high-net-worth clients when their small jet flipped on the runway during takeoff. They included an …
Date: Friday, February 6, 2026

People Moves: XPT Specialty Hires Goedeke as Underwriter/Broker
XPT Specialty, headquartered in Plano, Texas, hired Kyle Goedeke as an underwriter/broker. Goedeke has nearly a decade of experience across wholesale brokerage, underwriting, and excess and surplus (E&S) line placements. In his role at XPT Specialty, Goedeke will underwrite and …
Date: Thursday, February 5, 2026

Texas Anti-ESG Law Declared Unconstitutional by US Judge
A federal judge declared unconstitutional a 2021 Texas law restricting state investments in companies seeking to rely less on fossil fuels or boycott that industry. In a decision made public on Wednesday, U.S. District Judge Alan Albright said the law …
Date: Thursday, February 5, 2026

Forever Chemicals Quietly Contaminate Drinking Water Wells
Kristen Hanneman made a small decision in 2022 that would upend life for her entire town. State scientists were checking private drinking water wells across Wisconsin for a widely used family of harmful chemicals called PFAS. They mailed an offer …
Date: Thursday, February 5, 2026

Trial of Ex-FirstEnergy Execs Charged in $60M Ohio Bribery Scheme Begins
The $4.3 million payment that Ohio-based FirstEnergy made to veteran lawyer and lobbyist Sam Randazzo in 2019, shortly before he was appointed as the state’s top utility regulator, is at the center of the latest criminal trial to get underway …
Date: Thursday, February 5, 2026

Lawyer for Prominent Texas Law Firm Among Victims ID’d in Maine Plane Crash
Six people aboard a private business jet registered to the same address as a prominent Houston law firm were killed on Jan. 25 when the jet crashed on takeoff in Bangor, Maine. Local officials on Tuesday named four victims. The …
Date: Thursday, February 5, 2026

17 Former NC State Athletes Join Lawsuit Alleging Abuse by Former Trainer
Seventeen additional former N.C. State male athletes have joined a state lawsuit alleging sexual abuse under the guise of treatment and harassment by the Wolfpack’s former director of sports medicine, pushing the total number to 31 in a case that …
Date: Thursday, February 5, 2026

Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals
Zurich Insurance’s bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, analysts, industry advisers and a broker said. London-listed Beazley said on …
Date: Thursday, February 5, 2026

People Moves: Ryan Specialty Names Stewart CEO of Newly Formed Canadian Unit
Ryan Specialty, the international specialty insurance intermediary, announced the appointment of Stephen Stewart as chief executive officer of Ryan Specialty Canada Ltd., the newly formed Canadian operating and holding entity for Ryan Specialty’s underwriting management businesses in Canada. Stewart will …
Date: Thursday, February 5, 2026

Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers
Presumably, many insurers in the next couple of weeks will continue to announce very favorable quarterly and full-year earnings—the kind of numbers that could draw the attention of legislators and regulators. Asked his thoughts on the potential for the implementation …
Date: Thursday, February 5, 2026

Patients of UCLA Doctor Shaken by Sex Abuse Conviction Overturn, What’s Next
Two years after a former University of California, Los Angeles, gynecologist was convicted of sex abuse and sentenced to 11 years in prison, an attorney working to prepare an appeal of the case stumbled across an astounding find for the …
Date: Thursday, February 5, 2026

UK Says Infant Formula Contamination Could Have Affected 36 Babies
British authorities investigating baby formula contamination said on Thursday there had been 36 likely cases of children developing symptoms consistent with poisoning from affected batches in the country. Nestle recalled some batches of its key infant nutrition products, including SMA, …
Date: Thursday, February 5, 2026

Two SE Commissioners Warn Insurers About Claims Denials, Policy Cancellations
Two Southeastern states’ insurance commissioners this week posted sternly worded bulletins, warning property insurers about improper policy cancellations and claims denials. Following severe winter storms that swept across the South early this week, Commissioner Carter Lawrence and Tennessee Attorney General …
Date: Thursday, February 5, 2026

Russian Captain Jailed Over Crew Member’s Death in US Tanker Crash
The captain of a container ship that crashed into a U.S. tanker off Britain’s east coast last year was jailed for six years on Thursday for causing the death of a crew member through gross negligence. Russian national Vladimir Motin, …
Date: Thursday, February 5, 2026

Against Judge’s Orders, New Hampshire Doubles Down to End Emissions Testing
On Wednesday, just over a week after a U.S. District Court judge ordered New Hampshire to take all necessary steps to continue its vehicle inspection program, the New Hampshire Executive Council voted to let the state’s emissions testing contract expire. …
Date: Thursday, February 5, 2026

Hackers Hit Sensitive Targets in 37 Nations in Vast Spying Plot
An Asian cyber-espionage group has spent the past year breaking into computer systems belonging to governments and critical infrastructure organizations in more than 37 countries, according to the cybersecurity firm Palo Alto Networks, Inc. The state-aligned attackers have infiltrated networks …
Date: Thursday, February 5, 2026

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