Insurance Level News and Press

AM Best Rating Acitivity and News

Investment Manager Arrow Expands With Launch of Arrow Global Insurance
Investment manager Arrow Global Group is expanding its specialty insurance business with the launch of Arrow Global Insurance. The pan-European group said AGI will focus on specialty, ...
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Source: BestWire

AM Best Places Credit Ratings of Everest Insurance Company of Canada Under Review With Negative Implications
AM Best has placed under review with negative implications the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Everest Insurance Company of ...
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Source: BestWire

CMS Clarifies Use of Consultants for Medicare Advantage Sales
The Centers for Medicare and Medicaid Services said the ability of consultants to sell Medicare Advantage plans comes down to state laws, paving the way for Nebraska’s regulator to allow the ...
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Source: BestWire

NAIC’s AI Evaluation Pilot Takes Shape at Spring Meeting
A pilot program for an artificial intelligence evaluation tool from the National Association of Insurance Commissioners is out of the racing blocks, with companies being informed of participation and ...
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Source: BestWire

More Layoffs Set for Spring at Prudential, Raising Total Since July to 237
Prudential Financial Inc. has filed its fourth layoff notice in New Jersey since July, bringing the number of cut positions at its Newark headquarters to 237. "Prudential Financial continually ...
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Source: BestWire

Aviva Completes $139.2 Million UK Pension Deal
Aviva plc completed a £104 million ($139.2 million) bulk purchase annuity transaction with the trustee of the Essentra Pension Plan covering the benefits of both deferred and pensioner ...
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Source: BestWire

L&G Appoints Chief Customer Officer for the Retail and Institutional Retirement Business
L&G appointed Sarah Spooner to the newly created role of chief customer officer across the company’s retail and institutional retirement businesses. The role brings together responsibility for ...
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Source: BestWire

Convex Group Appoints CEO of Onex Chairman of the Board
Convex Group Ltd. appointed Bobby Le Blanc to succeed Stephen Catlin as chairman of the board. Catlin has decided to step down but will remain a director and has been elevated to the honorary ...
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Source: BestWire

Weekly Calendar: AM Best TV at InsurTech 2026 Spring Conference in New York
The insurance industry's attention turns to economic signals and emerging tech this week, with the release of the Conference Board Consumer Confidence Survey and the Reserve Bank of Australia's March ...
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Source: BestWire

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

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Uber, Autonomous Mobility Firms to Launch Europe’s First Commercial Robotaxis
Uber Technologies and autonomous mobility companies Verne and Pony.ai have partnered up to launch Europe’s first commercial robotaxi service in the Croatian capital Zagreb, with plans to expand to other cities, they said on Thursday. Robotaxis are rapidly expanding into …
Date: Thursday, March 26, 2026

Iran Is Reviewing US Ceasefire Plan but Denies Talks; Trump Says Tehran Wants Deal
U.S. President Donald Trump said Iran was desperate to make a deal to end nearly four weeks of fighting, contradicting the Iranian foreign minister who said his country was reviewing a U.S. proposal but had no intention of holding talks …
Date: Thursday, March 26, 2026

Rich Britons Reap Biggest Benefits From UK State Flood Program
It’s not how the program was supposed to work. But thanks to a legal anachronism, Britain’s state-backed plan intended to help those most exposed to flooding has ended up favoring the country’s richest property owners. Economists at the Bank of …
Date: Thursday, March 26, 2026

Iran Is Drafting Law to Introduce Tolls for Hormuz Transit
The Iranian parliament is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency. Fars, citing an unnamed lawmaker, said the plan would …
Date: Thursday, March 26, 2026

Viewpoint: Insurance Broker Valuations – The Elephant in the Room
While insurance broker valuations remained resilient in 2025, essentially staying near all?time highs, the elephant in the room—Brown & Brown (NYSE: BRO)—has received little attention. From a valuation perspective, what happened with Brown & Brown? After the brokerage’s value surged …
Date: Thursday, March 26, 2026

P/C Underwriting Income Up $40B in 2025, Says Verisk and APCIA
Verisk and the American Property Casualty Insurance Association released preliminary 2025 underwriting results for the property/casualty industry, with a $40 billion increase over the prior year. For private U.S. P/C insurers, the underwriting gain for 2025 was $63 million compared …
Date: Thursday, March 26, 2026

High Levels of Cancer-Causing Benzene in European Cooking Gas, Study Finds
Domestic gas supply in several European cities contains high levels of benzene, an odorless substance that can cause cancer, according to research released on Wednesday. Gas samples taken in UK homes contained 37 times more benzene than North American gas, …
Date: Thursday, March 26, 2026

After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees
Just over three years ago, Florida lawmakers effectively ended one-way attorney fees, disincentivizing much of the costly property insurance claims litigation that had plagued the industry. Last week, a Florida appeals court issued what it called a “sea change” and …
Date: Thursday, March 26, 2026

EXPLAINER-Can US Government Be Held Liable for LaGuardia Airport Collision?
Investigators are probing the potential causes of Sunday’s collision between an Air Canada Express plane and a fire truck at LaGuardia Airport in New York. The two pilots were killed. Air Canada said 39 of the 76 passengers and crew …
Date: Thursday, March 26, 2026

Pinnacol Assurance in Colorado Paying $15M Dividend for Colorado Members
Colorado workers’ compensation provider Pinnacol Assurance announced it will distribute a $15 million general dividend to its members in 2026. Pinnacol members can expect to receive dividend checks starting March 25. More than 46,000 members in the state will receive …
Date: Thursday, March 26, 2026

People Moves: ALKEME Names Stradling CFO; Machut and Quintero Join Alliant
ALKEME Insurance Appoints Stradling as Chief Financial Officer ALKEME Insurance named Ryan Stradling chief financial officer. Stradling has experience scaling organizations through execution, strategy and data-driven decision-making. Stradling has experience across the insurance, healthcare, and SaaS industries, where he has …
Date: Thursday, March 26, 2026

Harvard Faces Pressure From Two New Trump Administration Probes
The Trump administration said Monday it has initiated two new investigations into Harvard University over alleged antisemitism on campus and racially discriminatory admissions practices. The inquiries, launched by the Department of Education’s civil rights division, are the latest effort from …
Date: Thursday, March 26, 2026

Meta, Google Lose Case Over Social Media Harm to Kids
A Los Angeles jury on Wednesday found Meta and Alphabet’s Google negligent for designing social media platforms that are harmful to young people, in a $6 million verdict that will serve as a bellwether for numerous similar cases. The jury …
Date: Thursday, March 26, 2026

Chaucer, Ceto Launch Lloyd’s Marine MGA, Underwriting With Real-Time Vessel Data
Chaucer Group, the London-based specialty re/insurance group, and Ceto AI, the maritime technology specialist, announced the launch of a new marine managing general agent (MGA), operating as a Lloyd’s coverholder. Under the arrangement, Ceto is authorized to bind marine hull …
Date: Wednesday, March 25, 2026

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 Regulation. 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

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