Insurance Level News and Press

AM Best Rating Acitivity and News

British Insurers Upset by FCA Declining Consultation on Charging Rules
The Association of British Insurers said it appreciates the Financial Conduct Authority’s work to simplify individualized financial and pension advice rules, but expressed disappointment in the ...
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Source: BestWire

Canopius Hires Scor Exec as Head of Claims, Bermuda and Global Head of Reinsurance Claims
Canopius, an international specialty and property/casualty reinsurer, hired Dan Bridges as head of claims, Bermuda and global head of reinsurance claims, and Patrick Cannon as global head of cyber ...
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Source: BestWire

AM Best Maintains Under Review With Negative Implications Status for Credit Ratings of SanlamAllianz Re Ltd
AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ”a-” (Excellent) of ...
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Source: BestWire

Growth, Investments Contribute to 2025 Profit Boost for China Life
China Life Insurance (Group) Co. posted a 44.1% rise in 2025 net income on growth and strong investment results as the life insurer maintained its top position in the country. Net profit ...
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Source: BestWire

AM Best to Host Webinar on Real Estate Lending and Insurance Capital
AM Best will host a complimentary webinar, titled, “Real Estate Lending and Insurance Capital: Opportunities in a Reset Market,” co-sponsored by SLC Management and BGO, on Wednesday, April 22, 2026, ...
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Source: BestWire

AM Best Revises Outlooks to Stable for Members of Western Reserve Group
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) for the following ...
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Source: BestWire

Niyam Lloyd's Syndicate Cleared to Begin Underwriting in India
Lloyd's approved Niyam Group's Syndicate 2047 to write business in India beginning April 1. Syndicate 2047 will support the development of the Indian re/insurance market in alignment with India's ...
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Source: BestWire

AM Best Affirms Credit Ratings of OneMain Holdings, Inc.’s Insurance Subsidiaries
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of American Health and Life Insurance Company (AHLIC) and Triton Insurance ...
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Source: BestWire

AM Best to Host Briefing Focused on Europe’s DUAE Market; FASE’s William Pitt to Chair Online Panel
AM Best will host an executive panel discussion on the rapid evolution of the delegated underwriting authority enterprises (DUAE) market in Europe, in an online session chaired by William Pitt, ...
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Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Positive for Pedcor Assurance Company
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of ...
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Source: BestWire

AM Best Assigns Credit Ratings to AXA XL Excess & Surplus Lines Insurance Company
AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” (Superior) to AXA XL Excess & Surplus Lines Insurance Company (Delaware), a subsidiary ...
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Source: BestWire

Best’s Commentary: Proposed Risk-Based Capital Change in Hong Kong Could Bolster Market’s Global Standing
Proposed changes in how the Hong Kong Insurance Authority (HKIA) evaluates non-life insurers’ required capital levels around natural catastrophes and man-made risks, as well as offshore reinsurance ...
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Source: BestWire

AM Best Comments on Credit Ratings of The Wawanesa Mutual Insurance Company Following Announced Acquisition of Everest Insurance Company of Canada
AM Best has commented that the Credit Ratings (ratings) of The Wawanesa Mutual Insurance Company (Wawanesa Mutual) (Winnipeg, Manitoba, Canada) remain unchanged following its announcement to acquire ...
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Source: BestWire

NAIC Reaccredits New Jersey, Tennessee Regulators at Spring Meeting
The insurance departments in New Jersey and Tennessee were accredited by the National Association of Insurance Commissioners during the regulator group’s spring meeting. Reaccreditation is ...
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Source: BestWire

Chaucer and Ceto Partner in Launching Lloyd's Marine MGA
Specialty (re)insurance group Chaucer Group said it is partnering with Ceto AI to launch a managing general agent operating as a Lloyd's coverholder. Chaucer said in a statement the arrangement ...
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Source: BestWire

Florida Regulator Issues Permit to New P/C Carrier, Wave of Citizen Takeout Requests
Sypher Insurance Exchange moved one step closer to writing a host of property/casualty lines, including homeowners, after receiving a permit from the Florida Office of Insurance Regulation, which ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Florida OIR Grants Permit to Startup Sypher Insurance and Takeouts for Others
Sypher Insurance Exchange, the startup property insurer that the Florida Association of Insurance Agents invested in two years ago, has won a permit to operate from the Florida Office of Insurance Agents. The Tampa-based reciprocal now has until mid-May to …
Date: Wednesday, March 25, 2026

Markets/Coverages: Brit Launches Cargo Consortium With up to $80M of Capacity
Brit Group Holdings Ltd., the London-based specialty re/insurer, announced the launch of “BRIDGE,” a new cargo consortium. The consortium, which will be one of the largest consortiums in the cargo market, is now writing business and offers cargo line capacity …
Date: Wednesday, March 25, 2026

US Supreme Court Backs Cox in Fight Over Pirated Music
The U.S. Supreme Court ruled on Wednesday Cox Communications cannot be held liable for piracy by its internet service subscribers of songs owned by Sony Music, Warner Music Group, Universal Music Group and other labels, ending their billion-dollar-plus music copyright …
Date: Wednesday, March 25, 2026

Ohio AG Sues Contractors for Allegedly Defrauding Consumers
In lawsuits filed recently in three counties, Ohio Attorney General Dave Yost accuses three home-improvement contractors and a builder of outdoor structures of defrauding consumers of $564,000 combined. “Homeowners trust contractors or businesses with their hard-earned money,” Attorney General Dave …
Date: Wednesday, March 25, 2026

Jury Finds New Orleans Attorneys Guilty in Staged Auto Accident Scheme
Two New Orleans personal injury attorneys were found guilty last week of running a scheme to defraud insurance companies by staging fraudulent accidents. The U.S. Attorney’s Office and the Criminal Division of the U.S. Department of Justice announced that Vanessa …
Date: Wednesday, March 25, 2026

Chevron Warns California Risks Fuel Crisis Unless Iran War Eases
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war and that the company may quit refining oil in the state unless officials roll back taxes and regulations. California, the most populous US …
Date: Wednesday, March 25, 2026

Elon Musk Company Selects Proposed Mile-Long Dallas Tunnel
Elon Musk’s tunneling company will begin assessing its ability to construct a mile-long underground tunnel in South Dallas after a proposed project in the area was one of three winners of a company contest on Tuesday. The Boring Company has …
Date: Wednesday, March 25, 2026

Wisconsin Grocery Chain Sued for Pregnancy Discrimination
Roundy’s Supermarkets, Inc., a grocery chain operating Pick ‘n Save and Metro Market stores, violated federal law when it fired an employee, who was also a nursing mother, for requesting an accommodation at her workstation to maintain her breast milk …
Date: Wednesday, March 25, 2026

AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms
AccuWeather’s first prediction for the 2026 Atlantic hurricane season calls for slightly below average activity. AccuWeather’s experts forecast 11-16 named storms, four to seven hurricanes, and two to four major hurricanes of Category 3 strength or greater for the hurricane …
Date: Wednesday, March 25, 2026

Crawford Claims Management Firm Names Swain CEO
Bruce Swain has been named Crawford & Company’s president and CEO. The company’s board of directors appointed Swain to the top post after serving a stint as interim president and CEO since Jan. 1. Atlanta-based Crawford this year launched a …
Date: Wednesday, March 25, 2026

Convex’s Chairman Catlin Steps Down, Succeeded by Onex CEO Le Blanc
Convex Group Ltd., the international specialty insurer and reinsurer, announced that Stephen Catlin, the company’s co-founder has decided to step down as chairman of the board. He will remain a director and has been elevated to the honorary title of …
Date: Wednesday, March 25, 2026

Baltimore Sues Elon Musk’s xAI Over Grok Sexual ‘Deepfakes’
The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children. Baltimore, with a population of about 568,000, is the largest city to sue xAI over “deepfakes” attributed …
Date: Wednesday, March 25, 2026

Iran Demands Crew, Cargo Details to Send Ships Through Hormuz
Vessels seeking to transit the Strait of Hormuz under Iranian protection are being asked to provide lists of crew and cargo, along with voyage details and bills of lading, in order to secure a green light from the Islamic Revolutionary …
Date: Wednesday, March 25, 2026

Iran Charges Some Ships Hormuz Transit Fees for Safe Passage
Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another sign of Tehran’s control over the world’s most important maritime energy channel. Payments of as much as $2 million per voyage are being …
Date: Wednesday, March 25, 2026

Israel Strikes Tehran as Iran Launches Wave of Attacks; Pakistan Conveys US Proposal
Pakistan has delivered a proposal from the United States to Iran, and either Pakistan or Turkey could be venues for discussions to de-escalate the war in the Gulf, a senior Iranian official told Reuters on Wednesday. The comments, on condition …
Date: Wednesday, March 25, 2026

Iran Wiped 50 Israeli Firms’ Data, Hacked Cameras, Official Says
Iran-linked hackers have stepped up cyberattacks on Israel since the war began, wiping the data of over 50 small businesses and compromising dozens of security cameras, according to an Israeli official. Yossi Karadi, the director-general of the Israel National Cyber …
Date: Wednesday, March 25, 2026

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