Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape
Australia’s non-life insurance industry has been resilient against an increasingly complex and interconnected risk landscape, with total insurance revenue for the non-life market reaching ...
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Source: BestWire

Amerisafe Appoints Head of Finance Strategy as CFO
Amerisafe Inc. has named Guillermo A. Ramos the company's executive vice president and chief financial officer, effective May 7. Ramos is currently the head of finance strategy and formerly ...
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Source: BestWire

W.R. Berkley Appoints CUO as President of Berkley Oil & Gas
W.R. Berkley Corp. appointed Christopher T. Reichardt as president of Berkley Oil & Gas. He succeeds Linda A. Eppolito, who has been named chair of the business. The appointments are effective ...
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Source: BestWire

Court Grants PHL Policyholders Limited Intervention, Rejects ‘Premium Holiday’ Request
A Connecticut judge granted limited intervention rights to a group of PHL Variable Insurance Co. policyholders to pursue actions against entities that allegedly “looted” the distressed life insurer ...
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Source: BestWire

Zurich Issues $150 Million Catastrophe Bond for US Named Storms, Earthquakes
Zurich Insurance Group said it returned to the catastrophe bond market with a $150 million bond covering U.S. named storms and earthquakes. The insurer closed on Turicum Re 2026-1, which adds ...
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Source: BestWire

Montana Court Clears Way for Regulator’s BCBS Data-Breach Investigation
The Montana First Judicial District Court denied an attempt by Health Care Services Corp. to stop a regulatory investigation into a data breach the company allegedly failed to timely ...
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Source: BestWire

Alabama Insurance Commissioner Considering ‘Best Time’ to Lift Captive Creation Moratorium
Alabama Insurance Commissioner Mark Fowler is considering the “best time” to end a moratorium on the creation of new captive insurance companies and risk retention groups following the enactment of ...
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Source: BestWire

Louisiana Bill Would Charge Trucking Captives 'Market Access' Fee to Defray Rising Costs
A bill pending in Louisiana would require captive commercial trucking insurers in the state to pay a so-called market access fee designed to defray rising costs for smaller and independent ...
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Source: BestWire

AM Best Named a 2026 Top Workplace in the United States
AM Best has been named a 2026 Top Workplace by USA TODAY. The award is based on employee feedback collected via a confidential survey measuring workplace experience and engagement. USA TODAY Top ...
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Source: BestWire

Australian Regulator Extends Probe Into IAG Acquisition of RACI
Australia's competition commission is opening a second phase of its investigation into Insurance Australia Group Ltd.'s proposed acquisition of RAC Insurance, citing the regulator's concern the deal ...
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Source: BestWire

Weekly Podcast Highlights - April 16
Among this week's insurance podcast highlights, MSIG USA Chief Underwriting Officer Brian Botkin highlights how his function has driven growth at the insurer and EY's insurance consulting lead ...
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Source: BestWire

Playback Now Available for AM Best-Hosted Webinar on Smarter Insurance Risk Segmentation Through Data
Video playback is now available for a complimentary webinar titled “Breaking the ‘Set-It-and-Forget-It’ Mindset: Smarter Insurance Risk Segmentation Through Data,” hosted by AM Best and sponsored by ...
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Source: BestWire

Beazley to Launch $1 Billion Marine War Risk Consortium for Hormuz Strait Shipping
Beazley plc said it plans to launch a marine war consortium that would provide up to $1 billion of Lloyd's capacity for ships transiting the Strait of Hormuz. The consortium, comprising $500 ...
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Source: BestWire

AM Best: Market Segment Outlook – London Market Insurance
AM Best expects the profitability of London Market companies to moderate over 2026 but remain positive, subject to normal catastrophe experience, according to new research discussed by Kanika ...
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Source: BestWire

AM Best to Exhibit at Buffalo I-Day 2026
AM Best will be exhibiting at Buffalo I-Day 2026 in Buffalo, New York, on April 23. AM Best representatives, including Senior Account Managers Kellie Bodmer and Patrick McCahill and Product Manager ...
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Source: BestWire

AM Best to Deliver Multiple Presentations and Exhibit at RIMS’ 2026 RISKWORLD Conference
AM Best will speak and exhibit at RISKWORLD—the RIMS 2026 Annual Conference and Exhibition—with sessions that will focus on the state of the global reinsurance market and the impact of social ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

People Moves: Howden Hires Thomas to Lead Trucking Specialty Practice; Cottle to Head Clyde & Co Regulatory and Investigations
Howden, the global insurance broker, hired Patrick Thomas as Howden U.S. managing director within the company’s trucking specialty vertical. Thomas leads Howden’s U.S. trucking strategy, overseeing the continued build-out of a dedicated, nationwide trucking practice serving motor carriers, owner-operators, fleets …
Date: Monday, April 20, 2026

Skydiver Rescued After Crashing Into Virginia Tech Stadium Scoreboard
A skydiver crashed into the Lane Stadium scoreboard before Virginia Tech’s spring football game Saturday. Virginia Tech officials said on X that the skydiver “was safely secured and is currently stable” following rescue efforts. The incident caused a delay in …
Date: Monday, April 20, 2026

Gunfire, U-Turns and Threats Mark a Chaotic Weekend in Hormuz
After Iranian Foreign Minister Abbas Araghchi posted on X on Friday that the Strait of Hormuz was “completely open,” a tanker stuck in the Persian Gulf immediately lifted anchor and began heading for the narrow waterway. The ship believed it …
Date: Monday, April 20, 2026

India Expands Russian Marine Insurance Options
India has expanded the pool of Russian insurers eligible to provide marine cover to ships docking at its ports, increasing the number to 11 from eight, according to its Directorate General of Shipping. India has permitted Russia’s Gazprom Insurance and …
Date: Monday, April 20, 2026

How Niche Insurance Shielded Bad Bunny From Bad Weather
Bad Bunny had a problem. Days before the Puerto Rican mega-star was set to perform in Colombia earlier this year, the possibility of heavy rains threatened to turn three sold-out shows in Medellin into multimillion-dollar losses. Solutions were few. Traditional …
Date: Monday, April 20, 2026

Asia Regulators Raise Scrutiny on Banks Amid Mythos AI Fears
Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over Anthropic PBC’s latest AI model Mythos spread. Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met …
Date: Monday, April 20, 2026

Update: Ceasefire at Risk After US Seizes Iranian Ship, Iran Shuns Peace Talks
A ceasefire between the United States and Iran appeared in jeopardy on Monday after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Tehran vowed to retaliate, refusing for now to join …
Date: Monday, April 20, 2026

Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud
The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating “virtually all” of the now-bankrupt company’s customer relationships and revenue. Former CEO Puthugramam …
Date: Monday, April 20, 2026

Pemex Undersea Pipeline Found to Cause Gulf Oil Spill
An oil spill in the Gulf of Mexico that soiled beaches, killed wildlife and sparked outrage from environmental groups was caused by a leaky pipeline owned by state oil company Petroleos Mexicanos, the company said. A government investigation determined that …
Date: Monday, April 20, 2026

SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Three times over the past decade, the US Supreme Court has cut the Securities and Exchange Commission’s ability to extract millions of dollars from alleged wrongdoers. Critics of the commission say it’s not enough. In arguments Monday they are asking …
Date: Monday, April 20, 2026

AI for the Defense: Should Insurers or Law Firms Pay?
The idea that AI tools can help plaintiffs’ lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to Carrier Management readers. Nor is the suggestion that defense firms need to try to …
Date: Monday, April 20, 2026

Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit
Florida has the largest wind-mitigation grant program in the country, providing more than $300 million to homeowners over the last few years and resulting in insurance premium discounts for thousands of people.But it’s not enough. The program is not targeted …
Date: Monday, April 20, 2026

People Moves: Crest Names Solis Commercial Insurance Broker in Tempe; Storie Joins Alliant’s Pacific Northwest Benefits Team
Crest Appoints Solis as Commercial Insurance Broker in Tempe Crest Insurance Group hired Jesus Solis as a commercial insurance broker in the firm’s Tempe, Arizona, office. An Arizona native, Solis joins the team with a focus on providing comprehensive risk …
Date: Monday, April 20, 2026

Inszone Acquires Randall Realty and Insurance in Arizona
Inszone Insurance Services acquired Tucson, Arizona-based Benchmark Insurance Group LLC, doing business as Randall Realty & Insurance. Founded in 1973 by Larry Randall, the agency was later acquired by Frank Fletcher. The firm specializes in mobile and manufactured home insurance, …
Date: Monday, April 20, 2026

Man With AR-Style Pistol Arrested at Aetna Headquarters Without Incident
A man carrying a backpack with an AR-style pistol inside was arrested Thursday after walking into health insurer Aetna’s headquarters in Connecticut, police said. Security guards detained the man without incident shortly after 10 a.m., within 3 minutes after he …
Date: Monday, April 20, 2026

Judge Blocks GE Vernova From Ending Work for Vineyard Wind
A Massachusetts judge on Friday blocked GE Vernova GEV.N from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the …
Date: Monday, April 20, 2026

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