Insurance Level News and Press

AM Best Rating Acitivity and News

Axa UK & Ireland Appoints Lloyds Banking Group Exec as General Counsel
Axa UK & Ireland appointed Caroline Riddy to succeed Emily Coupland as general counsel. Coupland left in December 2025 after 24 years working across Axa’s various U.K. entities. Riddy has more ...
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Source: BestWire

Court Gives UnitedHealth April Deadline to Submit Documents on AI Use
A federal court is giving UnitedHealth Group Inc. until April 29 to respond to a discovery request for documents covering the insurer’s use of artificial intelligence when processing Medicare ...
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Source: BestWire

Annual Report Shows Pacific Life Assets Grew 16% to $275.1 Billion in 2025
Pacific Mutual Holding Co. saw its assets increase 16% to $275.06 billion at the end of last year, as net attributable income dropped during the period to $876 million from $1.43 billion a year ...
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Source: BestWire

Doxa Grows Following Acquisition of Florida MGA Jupiter Underwriting Group
Doxa Insurance Holdings said it has acquired the Jupiter Underwriting Group, a Florida-based managing general agent specializing in admitted umbrella and follow-form excess liability. Doxa said ...
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Source: BestWire

Old Republic International Launching Seventh Specialty Insurer in Five Years
Old Republic International Corp. said it is diversifying further with the formation of its seventh new specialty insurer in five years, Old Republic Property Inc. The carrier will underwrite ...
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Source: BestWire

US Insurance Industry Loses 5,700 Jobs in March
The United States insurance industry shed 5,700 positions in March, which saw total nonfarm payroll increase by 178,000 jobs across the economy, according to preliminary figures from the U.S. Labor ...
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Source: BestWire

Lindberg Special Master Pegs Preliminary Restitution at $1.65 Billion
Greg Lindberg owes a group of insurers at least $1.65 billion in restitution for his wide-ranging insurance fraud and related crimes, according to a report from the special master assigned to the ...
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Source: BestWire

Japan's T&D Unveils New Life Strategy Amid Demographic Challenges
T&D Holdings Inc. rolled out a new strategy to achieve sustainable growth in the Japanese life insurance market amid "megatrends" including declining birth rates and an aging population. Dubbed ...
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Source: BestWire

Centene Appoints Two Group Presidents
Centene Corp. has created two executive leadership positions: Daniel Finke has been hired as group president, markets and commercial, and Michael Carson was appointed group president, Medicare and ...
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Source: BestWire

Best's Review Highlights Industry Response to AI Data Centers
The April issue of Best’s Review examines how the insurance industry is reacting to the massive build-out of AI data centers: “Data Center Boom Opens Opportunities for Insurers” reports how ...
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Source: BestWire

Liberty Mutual Appoints President Amid New Leadership Structure
Liberty Mutual Insurance has launched a new leadership structure across the company's Global Risk Solutions and Liberty Mutual Investments businesses, bringing GRS and LMI into closer strategic ...
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Source: BestWire

US Doubles Gulf Reinsurance Cover to $40 Billion, Names Underwriting Partners
The U.S. government is doubling its Middle East shipping reinsurance program to $40 billion and named six underwriters in addition to lead insurer Chubb Corp. to back the facility. The government ...
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Source: BestWire

Kingstone Expanding to Homeowners in California, Diversifying Risk for NY Home
Kingstone Cos. Inc. is expanding to California with excess and surplus homeowners insurance, where Chief Executive Officer Meryl Golden said it will go toe-to-toe with many of the same competitors it ...
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Source: BestWire

Arundo Re Lifts 2025 Net Income on Growth, Low Catastrophe Losses
French reinsurer Arundo Re posted higher 2025 net income on growth in both life and nonlife reinsurance lines and lower catastrophe losses. Net income for the year rose to €100.9 million ($116.5 ...
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Source: BestWire

MetLife Investment Management Hires Global Head of Real Estate and Agricultural Finance
MetLife Investment Management, the institutional asset management business of MetLife Inc., hired Andrea Drasites as global head of real estate and agricultural finance, effective Oct. 1. In her ...
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Source: BestWire

BCBS of Minnesota Ties Annual Operating Loss to Medicare Advantage, Medicaid
Blue Cross and Blue Shield of Minnesota said it incurred a $353 million operating loss last year largely on unfavorable performance in federal and state health programs, notably Medicare Advantage ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

NHTSA Ends Probe Into Tesla Remote Driving Feature After Software Updates
The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents. The agency …
Date: Monday, April 6, 2026

DOXA Buys Florida-Based Jupiter Underwriting Group
Indiana-headquartered DOXA, a specialty insurance firm built on acquiring and growing program administrators and MGAs, has expanded into Florida with the acquisition of Jupiter Underwriting Group. The group is a managing general agent that specializes in admitted umbrella and follow-form …
Date: Monday, April 6, 2026

US, Iran Study Ceasefire Plan as Deadline Nears on Trump’s ‘Hell’ Threat
The United States and Iran on Monday were weighing the framework of a plan to end their five?week-old conflict, even as Tehran pushed back against pressure to swiftly reopen the Strait of Hormuz on the eve of a new ultimatum …
Date: Monday, April 6, 2026

Georgia Lawmakers to Let Property Owners File Claims Over Homeless, Immigrants
Georgia lawmakers passed a bill early Friday that would allow property owners to file claims against local governments if the individual believes policies that ban people from sleeping outside and require law enforcement to cooperate with federal immigration authorities were …
Date: Monday, April 6, 2026

AM Best Upgrades Credit Ratings of Federated Mutual
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, …
Date: Monday, April 6, 2026

Vehicle Hits Revelers During Lao New Year Celebration in Rural Louisiana
Several people were injured when a vehicle struck revelers at a parade celebrating the Lao New Year on Saturday in rural Louisiana, authorities said. The driver was quickly arrested and charged with impaired driving, police said. Video shared on social …
Date: Monday, April 6, 2026

California Wildfire Almost Fully Contained as Evacuation Orders Lifted
A Southern California wildfire that prompted evacuation orders is now nearly fully contained, according to fire officials. The Springs Fire in Riverside County grew to roughly 4,176 acres, but is now 95% contained. The fire had been just 25% contained …
Date: Monday, April 6, 2026

Oklahoma Junior College Sued Over Death of Basketball Player
Lawyers for the family of an Oklahoma junior college basketball player who died after suffering a head injury during a game said Thursday the student had been struck by another player’s elbow and accused the team of not providing proper …
Date: Monday, April 6, 2026

EPA, HHS to Monitor Drinking Water for Microplastics and Pharmaceuticals
The U.S. Environmental Protection Agency and Department of Health and Human Services announced that they will monitor the impact of microplastics and pharmaceuticals on drinking water, the first step toward assessing their health risks and shaping new policies. The joint …
Date: Monday, April 6, 2026

Old Republic Opens New Company for Specialty Property
Old Republic International Corporation said it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as president. Hagerty …
Date: Monday, April 6, 2026

US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is …
Date: Monday, April 6, 2026

March Sadness: 20,000 New Englanders Lose Out on $50 Million in Refunds
The University of South Carolina women’s basketball team saved the insurer for a New England furniture company millions of dollars by beating the University of Connecticut team 62-48 last Friday night. At the same time, 20,000 New Englanders missed a …
Date: Monday, April 6, 2026

Private Credit Sector Stresses Could Be Catastrophic, but Not Just Yet
Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis. Depending on the time horizon, both sets of views about the esoteric sector may be right. Signs of …
Date: Monday, April 6, 2026

Trump Risks Confidence in US Role as Guardian of Global Shipping
Of all the things Donald Trump has done to disrupt global commerce, from levying punitive tariffs to tearing up trade deals, few would be as consequential as withdrawing and leaving the rest of the world to secure the Persian Gulf. …
Date: Monday, April 6, 2026

CFPB Prepares Final Lending Rule to Narrow Civil Rights Protections
The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-era antidiscrimination requirements for lenders, according to a government website. The new policy from the Consumer Financial Protection Bureau would …
Date: Monday, April 6, 2026

FBI Calls Breach of Sensitive Agency Networks a ‘Major Incident’
The Federal Bureau of Investigation has concluded that last month’s breach of the networks it uses to manage wiretaps and other surveillance work qualifies as a “major incident,” signaling the severity of an intrusion that had already prompted the agency …
Date: Monday, April 6, 2026

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