Insurance Level News and Press

AM Best Rating Acitivity and News

Best's News: AM Best Says Reciprocal Insurance Exchanges Offer a Unique, Collaborative Structure
AM Best Associate Director David Blades and Associate Analyst Alexander Winant highlight a new Best’s Market Segment Report that finds a key advantage of reciprocal exchanges is the control ...
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Source: BestWire

AM Best Affirms Credit Ratings of Markel Group Inc. and Its Subsidiaries
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) of Markel Group Inc. (Markel) (Glen Allen, VA). AM Best ...
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Source: BestWire

Senator Pitches Allowing Cross-State ACA Plan Sales, HSA-Style Accounts for Premiums
Florida Republican Sen. Rick Scott is introducing legislation that would create health savings account-styles accounts that could be used to pay for premiums and allow insurers to sell Affordable ...
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Source: BestWire

AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of First American Title Insurance Company (Omaha, ...
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Source: BestWire

Athene Says Pension Risk Transfer Deals Dried Up in 2025; Reinsurance Booms
Athene Holding Ltd. reported a drop in pension risk transfer sales to $5 million in the first nine months of 2025 and none in the third quarter, compared with $871 million for the first three ...
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Source: BestWire

Connecticut Insurance Commissioner Retiring; Governor Taps Life Executive as Successor
Connecticut Insurance Commissioner Andrew Mais is retiring from the role, effective Nov. 28, and Josh Hershman has been named to fill the position on an interim and potentially full-fledged basis, ...
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Source: BestWire

AM Best Downgrades Issuer Credit Rating of Catholic Order of Foresters
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb+” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Catholic Order of ...
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Source: BestWire

AM Best Affirms Credit Ratings of American National Insurance Company and Its Affiliates
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of American National Insurance Company (ANICO) and ...
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Source: BestWire

AM Best Affirms Credit Ratings of Castle Harbour Insurance Limited and Harrington Sound Insurance Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Castle Harbour Insurance Limited (Castle Harbour) and Harrington ...
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Source: BestWire

Helvetia Specialty Lines CH (Switzerland) & International Appoints CEO
Helvetia Group appointed Martin Gingg to succeed David Ribeaud as chief executive officer for Helvetia Specialty Lines Switzerland & International, effective Jan. 1, 2026. Gingg will have a dual ...
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Source: BestWire

Everest Group Names Corebridge Financial Exec as Successor to Retiring CFO
Everest Group Ltd. has appointed Elias Habayeb to succeed Mark Kociancic as executive vice president and group chief financial officer, to be effective on or about May 1, 2026. Habayeb will also ...
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Source: BestWire

Citing Claims Costs, Marine Mutual Swedish Club Imposes Rate Hike
Marine mutual Swedish Club said its board of directors agreed to a 5% general increase for protection and indemnity and a 5% general increase for freight, demurrage and defense cover in the 2026-2027 ...
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Source: BestWire

AM Best Affirms Credit Ratings of Santa Lucía S.A. Compañía de Seguros y Reaseguros
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Santa Lucía S.A. Compañía de Seguros y Reaseguros (Santalucía) ...
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Source: BestWire

Insurance Podcast Highlights - Nov. 21
Among this week's highlights of insurance industry podcasts, the co-founder of Beat Capital Partners discusses the maturation of managing general agents and Robert Wiest, chief executive officer of ...
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Source: BestWire

AM Best Revises Outlooks to Negative, Affirms Credit Ratings of Alliance Insurance (PSC)
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Alliance Insurance ...
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Source: BestWire

AM Best: Reciprocal Insurance Exchanges Represent a Unique, Collaborative Structure
AM Best Associate Director David Blades and Associate Analyst Alexander Winant highlight a new Best’s Market Segment Report that finds a key advantage of reciprocal exchanges is the control ...
Date:
Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

People Moves: TMK Taps Beresford From CNA Hardy as Life Sciences U/W; Hampden Risk Partners Promotes D’Alessandro as Active U/W, Replacing Sharp
This edition of International People Moves details appointments at Tokio Marine Kiln and Hampden Risk Partners. A summary of these new hires follows here. Tokio Marine Kiln Taps Beresford From CNA Hardy as Life Sciences U/W Tokio Marine Kiln (TMK), …
Date: Friday, November 21, 2025

Strengthen Oklahoma Homes Program to Expand Statewide by 2026
The Oklahoma Insurance Department (OID) recently announced the reopening of previously designated zip codes for the pilot launch of the Strengthen Oklahoma Homes (SOH) Program, an initiative aimed at helping Oklahoma homeowners fortify their residences to resist storm, wind, and …
Date: Friday, November 21, 2025

Tokio Marine Holdings to Acquire Illinois-Based Commodity & Ingredient Hedging
Tokio Marine Holdings, Inc. announced that it has signed a definitive agreement to acquire Commodity & Ingredient Hedging (“CIH”), a leading provider of risk management solutions for the agricultural and commodity sectors, from Falfurrias Capital Partners (“Falfurrias”). The transaction is …
Date: Friday, November 21, 2025

Sea Level Rise Threatens Thousands of US Hazardous Sites, Study Finds
If heat-trapping pollution from burning coal, oil and gas continues unchecked, thousands of hazardous sites across the United States risk being flooded from sea level rise by the turn of the century, posing serious health risks to nearby communities, according …
Date: Friday, November 21, 2025

White House Plan Targets Florida, West for Coastal Oil Drilling
The Trump administration is proposing to open new areas off of California, Florida and Alaska to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of oil and natural gas rights. In all, …
Date: Friday, November 21, 2025

UPS Plane That Crashed Had ‘Fatigue Cracks’ in Engine Mount, Preliminary Report Finds
The United Parcel Service Inc. freighter that crashed this month when the left engine detached just after takeoff showed fatigue cracks in several sections that secured the turbine, a preliminary report into the accident that killed 14 people revealed. National …
Date: Friday, November 21, 2025

People: Alliant Adds Simokonis to Florida Team, Sunstar Names Romero CAO
Alliant Insurance Services, headquartered in Irvine, California, hired Tim Simokonis as senior vice president within its Employee Benefits Group in the Southeast. The Florida-based consultant will serve a national client base, focusing on self-funded health plans, data transparency, and fiduciary …
Date: Friday, November 21, 2025

Trump Inflames California Over Oil Drilling Plan for Pacific Coast
President Donald Trump’s administration on Thursday unveiled a plan for a dramatic expansion of oil and gas drilling rights auctions in U.S. waters, including in California, where state officials strongly oppose energy development along its world-famous coastline. The Interior Department …
Date: Friday, November 21, 2025

Vietnam Flood Deaths Climb as Heavy Rain Drenches Coffee Region
The death toll in Vietnam from days of severe flooding has climbed to 43 as heavy rain drenches coffee-producing regions in the central highlands and waters remain high in some tourism areas. Around 61,000 people have been evacuated and half …
Date: Friday, November 21, 2025

Silent Cyber Threats: How ‘Shadow AI’ Could Undermine Digital Health Defenses
Across Canada, doctors and nurses are quietly using public artificial-intelligence (AI) tools like ChatGPT, Claude, Copilot and Gemini to write clinical notes, translate discharge summaries or summarize patient data. But even though these services offer speed and convenience, they also …
Date: Friday, November 21, 2025

Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance
American International Group Inc.’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive to lose a $17 million job before he’d even started. …
Date: Friday, November 21, 2025

Viewpoint: Sins of Policy Interpretation. A Call to Repentance
Written words have an intended meaning. Fair-minded readers try to grasp that meaning. But other readers impute motives to the writer either to serve their own ends or to protect the writer from unforeseen consequences. Once, early in my career, …
Date: Friday, November 21, 2025

Ohio’s FirstEnergy Ordered to Pay More Than $250M for Bribery Scheme
Ohio utility regulators ordered Akron-based FirstEnergy on Wednesday to pay more than $250 million in fines and refunds as a result of its misconduct in a sweeping Statehouse bribery scandal whose fallout continues five years on. The punishment meted out …
Date: Friday, November 21, 2025

P/C Insurer Rankings Down Overall on Higher Costs, Changing Customer Expectations
Rising costs and changing customer expectations are driving satisfaction in the insurance and mortgage industry, according to an American Customer Satisfaction Index study. Among the four industries studied — health insurance, life insurance, property and casualty insurance (P/C), and mortgage …
Date: Friday, November 21, 2025

Federal Judge Denies TRO to Marsh in Case Against Former Employees
A federal judge has denied a temporary restraining order against seven former employees of Marsh sued in one of several lawsuits against defectors to join Howden US. Marsh USA early this month filed a lawsuit against the group of former …
Date: Friday, November 21, 2025

Europe to Launch Service to Measure Role of Climate Change in Extreme Weather
The EU is launching a service to measure the role climate change is playing in extreme weather events like heatwaves and extreme rain, and experts say this could help governments set climate policy, improve financial risk assessments and provide evidence …
Date: Friday, November 21, 2025

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