Insurance Level News and Press

AM Best Rating Acitivity and News

Argenta Syndicate Management Hires Unit Head of Marine Reinsurance
Argenta Syndicate Management Ltd. has hired Simon Saunders to succeed Stephen Haynes as unit head marine reinsurance, effective July. Haynes will retire in January 2027. Saunders will be ...
Date:
Source: BestWire

Great American's Mid-Continent Group Names CFO
Great American Insurance Group promoted Sarthak Nigam to succeed Gregg Jones as vice president and chief financial officer of its subsidiary, Mid-Continent Group. Jones retired in April, after ...
Date:
Source: BestWire

MS&AD Posts 13.8% Net Income Rise, Says Industry Must Respond to Dramatic Changes
MS&AD Insurance Group Holdings Inc.'s fiscal year net attributable income increased 13.8% to ¥787.34 billion. In light of societal, environmental and technological changes and risks, the company ...
Date:
Source: BestWire

HDI Global Posts First-Quarter Profit Hike on Investments, Lower Losses
HDI Global AG posted higher first-quarter profit as the commercial and specialty insurer saw flat revenue and good investment income while reporting lower large losses. First-quarter net income ...
Date:
Source: BestWire

Howden Launches Korea Practice, Names Managing Director
Global insurance broker Howden launched a new practice dedicated to serving Korea-headquartered companies with significant U.S. operations. Led by Brian Cho, the practice also will partner with ...
Date:
Source: BestWire

Tokio Marine Exec: Growth Expected From Berkshire Deal, Solutions Effort
Tokio Marine Holdings Inc. strengthened its nonlife performance for the fiscal year ended March 31, 2026, as its Japanese segment profited from underwriting actions and the international business ...
Date:
Source: BestWire

AM Best Affirms Credit Ratings of CESCE México, S.A. de C.V. and CESCE Fianzas México, S.A. de C.V.
AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Ratings of “bbb” (Good) and the Mexico National Scale Ratings of “aa.MX” (Superior) of CESCE México, S.A. ...
Date:
Source: BestWire

Arch Insurance Appoints Chief Information Officer
Arch Insurance North America appointed Imran Jalozie as chief information officer. Jalozie will lead enterprise information technology infrastructure and delivery, while advancing platform ...
Date:
Source: BestWire

TWIA Securing $1.98 Billion in New Reinsurance, Cat Bonds
The Texas Windstorm Insurance Association said it will secure $2.28 billion in total reinsurance coverage for the 2026 storm season, a total that includes $1.98 billion in new traditional reinsurance ...
Date:
Source: BestWire

LIMRA: Advisers Split on Alternative Investments in Defined Contribution Plans
Advisers are pensive about including alternative investments in defined contribution retirement plans, as more than four-in-ten said they should be included in the form of a self-directed brokerage ...
Date:
Source: BestWire

Mereo Expands Into Excess Casualty Following Renewal Deal With Everen Specialty
Mereo Insurance Ltd. said it has entered into a renewal rights transaction with Everen Specialty Ltd. in a deal that will see it expand into the excess casualty market. The deal will see Mereo ...
Date:
Source: BestWire

Canadian Insurers Propose Public-Private Earthquake Insurance Backstop
Canadian property/casualty insurers and the Insurance Bureau of Canada are pitching the creation of a public-private earthquake insurance backstop that would be modeled on the United States’ federal ...
Date:
Source: BestWire

Axa XL Appoints Successor to Retiring Global CUO, Property
Axa XL appointed Laurent Richème to succeed Juergen Cherreck as global chief underwriting officer, property. Cherreck will retire in July after 21 years at the company. Richème has more than ...
Date:
Source: BestWire

Bishop Street Promotes Exec to UK Underwriting Chief
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, promoted John Inwood to U.K. chief underwriting officer, subject to regulatory approval. Inwood will oversee Bishop ...
Date:
Source: BestWire

More Than $150 Million Sent to Lindberg Victims, Special Master Says
More than $150 million has been returned to policyholders with uncovered claims that were defrauded by Greg Lindberg, who is seeking to limit his prison sentence to 48 months, adjusted for time ...
Date:
Source: BestWire

AM Best Revises Outlooks to Stable and Affirms Credit Ratings of Armour Secure Insurance S.A. de C.V.
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+ (Good), the Long-Term Issuer Credit Rating of “bbb-” (Good) and the Mexico National Scale ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Crypto Crime Escalates With Kidnappings, Cons and Human Coercion
After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses. Conferences are beefing up security. Private firms serving crypto holders say demand has surged. Exchanges are protecting their executives. …
Date: Thursday, May 21, 2026

Viewpoint: Insurers Cautiously Navigate the Next Steps in AI Adoption
As more and more companies embed AI into select functions, only a portion indicate that they have used AI to change how an overall enterprise runs. It illustrates one of the key takeaways drawn from a recent industry survey by …
Date: Thursday, May 21, 2026

Bank CEOs’ AI Obsession Collides With Warning From Watchdogs
As bank executives increasingly tout the promise of artificial intelligence to slim down workforces, regulators are warning them not to get carried away. The European Banking Authority, the rulemaker for financial firms operating in the region, has been meeting with …
Date: Thursday, May 21, 2026

Insurance Agent, Former Lawmaker in Runoff in Georgia Insurance Commissioner Race
Two Democrats, one a longtime insurance agent, will face each other in a June 16 runoff election that will determine who will be on the November general election ballot for Georgia insurance commissioner. Keisha Sean Waites, a former state legislator …
Date: Thursday, May 21, 2026

Three New HO Carriers and an Improving Condo Market in Florida, Reports Show
Three new property insurance companies have entered the Florida market this spring, bringing to 20 the number of new carriers since Florida lawmakers ended assignment-of-benefit agreements and one-way attorney fees in 2023. “To date, these new companies since the legislative …
Date: Thursday, May 21, 2026

NC Commission Warns About Workers’ Comp Scam Impersonating Officials
Scammers have been targeting Spanish-speaking workers, trying to trick them into paying fees to access workers’ compensation benefits around the South and West, officials said. The North Carolina Industrial Commission, which oversees workers’ comp in the state, warned in a …
Date: Thursday, May 21, 2026

South Carolina Law Adds Workers’ Comp Stroke Presumption for Some Firefighters
Municipal workers’ compensation insurance pools in South Carolina now have another firefighter health condition presumption to consider, after the state’s governor signed House Bill 3163 into law. The law, which took effect upon Gov. Henry McMaster’s signature last week, adds …
Date: Thursday, May 21, 2026

Report: California Independent Medical Review Overturned Most Treatment Requests
Nearly nine-in-10 workers’ compensation treatment request denials in California were overturned by independent medical review, a new report shows. The California Department of Industrial Relations and its Division of Workers’ Compensation released the annual report on the department’s IMR program. …
Date: Thursday, May 21, 2026

New Mexico Politicians Grapple With Oil Windfall From Iran War That’s ‘Awesome’ And Awkward
The global oil bottleneck in the Strait of Hormuz has generated an enviable—and politically sensitive—financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services. …
Date: Thursday, May 21, 2026

Sands Point Risk Acquires New Jersey’s Launch Environmental Underwriters
Sands Point Risk, a multi-program managing general agency platform, has acquired Launch Environmental Underwriters, a provider of environmental general liability insurance. Jersey City, New Jersey-based Launch focuses on complex risks across the energy, infrastructure, construction, chemical, mergers and acquisition, and …
Date: Thursday, May 21, 2026

‘Am I out?’ Drought and Rising Costs From Iran War Deepen Pain for US Farmers
Scott Irlbeck crouched in a field of stunted wheat plants in a parched stretch of West Texas and slipped his hand into a crack wide enough to swallow it. Last autumn, Irlbeck planted a crop that barely grew because rain …
Date: Wednesday, May 20, 2026

People Moves: Liberty Names Kooijman as GM, Insurance, Netherlands, Belgium, Nordics
Liberty Taps Kooijman as General Manager, Insurance, Netherlands, Belgium, Nordics Liberty Specialty Markets, part of Liberty Mutual Insurance Group, announced the appointment of Monique Kooijman as general manager for Netherlands, Belgium and the Nordics, subject to regulatory approval. Kooijman will …
Date: Wednesday, May 20, 2026

Markets/Coverages: BHSI Offers New Casualty Insurance Policies in Switzerland
Berkshire Hathaway Specialty Insurance (BHSI) announced the launch of two new casualty insurance policies in Switzerland: one multinational and another for domestic risks, both tailored for large corporate and upper middle market commercial and industrial organizations in Switzerland. The new …
Date: Wednesday, May 20, 2026

Barney Frank, Key Lawmaker During Financial Crisis, Dies at 86
Barney Frank, the quick-witted Democratic congressman who found himself on the front lines of the government’s rescue of the American financial system in 2007 and 2008, has died. He was 86. He died on Tuesday at his home in Ogunquit, …
Date: Wednesday, May 20, 2026

Murdaugh Sues Clerk Whose Actions Led to Overturning His Murder Conviction
Alex Murdaugh has filed a lawsuit against the court clerk whose behavior during his murder trial led the South Carolina Supreme Court to overturn his convictions and life sentence for the deaths of his wife and son. The suit filed …
Date: Wednesday, May 20, 2026

Iran Consolidating Control of Hormuz With Checkpoints, Vetting and Sometimes ‘Fees’
The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-meter-long Agios Fanourios I, laden with Iraqi crude …
Date: Wednesday, May 20, 2026

Cheaper Auto Insurance Zip Code: