Insurance Level News and Press

AM Best Rating Acitivity and News

Best’s Commentary: AM Best Comments on How a Prolonged Middle East Conflict Will Test Global Market Resilience of (Re)Insurers
The short-term impact of the U.S./Israeli conflict with Iran on the credit quality of (re) insurers has been limited, according to AM Best. However, a prolonged conflict may have wider market ...
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Source: BestWire

Vantage Chief Executive: Broadening ILS Market Drives Innovation, Investor Engagement
Chris McKeown, chief executive, reinsurance, insurance-linked securities and innovation, Vantage Group Holdings, discusses ILS market growth and the opportunities new capital and innovation bring to ...
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Source: BestWire

Specialty MGA Nexus Underwriting Names Unit Head of UK Financial Institutions
Specialty managing general agent Nexus Underwriting has hired Walid Youssef as unit head of United Kingdom financial institutions. In his new role, Youssef will be responsible for managing ...
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Source: BestWire

Oregon Bill Aimed at Wildfire Insurance Discounts Dies in Committee Amid Industry Criticism
A bill in Oregon designed to lower wildfire insurance rates due to mitigation steps stalled in committee amid industry opposition as they said its requirements could prove onerous. The measure, ...
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Source: BestWire

Fidelis Insurance Holdings Names Group General Counsel
Fidelis Insurance Holdings Ltd. has appointed Nicole Kapu-Leyland as group general counsel. Kapu-Leyland joined the company in 2023, and she has held several key positions, including interim ...
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Source: BestWire

Hannover Re Exec: Insured Damages Minor So Far From Persian Gulf Conflict
Hannover Re so far sees a light impact from the conflict in the Persian Gulf but there are a number of factors to consider as the conflict is ongoing, the reinsurer's property/casualty chief ...
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Source: BestWire

Markel International Launches AI Center and Appoints Head of AI
Markel International, a division of Markel Insurance, appointed Maureen Tomlinson to head of artificial intelligence, alongside the launch of their AI Center of Enablement. Tomlinson steps into ...
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Source: BestWire

AM Best Affirms Credit Ratings of Chubb Seguros de Vida Chile, S.A.
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Chubb Seguros de Vida Chile, S.A. (Chubb Vida Chile) (Chile). The ...
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Source: BestWire

Risk Theory Acquires New York-Based MGA Roundhill Express
Risk Theory said it has completed its acquisition of Roundhill Express, a New York-based managing general agent that underwrites commercial habitational properties throughout the city. The ...
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Source: BestWire

Best’s Insurance Law Podcast Examines Engineering Methods in Product Liability Cases
AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal ...
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Source: BestWire

AM Best Affirms Credit Ratings of Blumont Annuity Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Blumont Annuity Company (Blumont) (Toronto, Ontario, Canada). The ...
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Source: BestWire

Thrivent to Add 600 New Financial Advisers in 2026 as Part of Growth Push
Thrivent Financial for Lutherans said it intends to add 600 new financial advisers in 2026, after it exceeded hiring projections last year amid an expansion push. Thrivent said it seeks to add ...
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Source: BestWire

Vienna Insurance Posts 2025 Profit Gain on Central, Eastern European Growth
Vienna Insurance Group AG posted higher profit for 2025 on growth and improved underwriting in all of its major markets as the multiple-line insurer made progress on its acquisition of Nürnberger ...
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Source: BestWire

AM Best Affirms Credit Ratings of Aseguradora Ancón, S.A.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Aseguradora Ancón, S.A. (Ancón) (Panama). The outlooks of these ...
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Source: BestWire

Church Mutual Promotes Leader to Chief Operating Officer
Church Mutual Insurance Co. promoted Pam Rushing to chief operating officer and Neil Ziegler to chief underwriting officer, admitted. In her new role, Rushing will lead with a focus on digital ...
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Source: BestWire

Generali CEO Seeks Growth Momentum in Non-Motor Property/Casualty Lines
Assicurazioni Generali S.p.A. looks to expand in its property/casualty non-motor segment as the group raises motor rates in an expanding market, its chief executive officer said. The group also ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Delivery Service Company Faces Allegations of Pregnancy Discrimination in Louisiana
The U.S. Equal Employment Opportunity Commission (EEOC) filed an action in federal court to enforce a subpoena issued during its investigation into allegations against JamRock Solutions LLC. JamRock Solutions is an Amazon delivery service partner, and a charge received by …
Date: Friday, March 13, 2026

Markets/Coverages: Coalition Provides Expended Cyber Protection in Canada
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering expanded cyber cover in Canada. Coalition said its “Active Cyber Policy” expands protection for Canadian organizations facing faster-moving ransomware attacks, AI-enabled fraud, and growing regulatory …
Date: Friday, March 13, 2026

Iran’s New Supreme Leader Vows to Keep Hormuz Shut, Netanyahu Issues Threat
Iran will fight on and keep the Strait of Hormuz shut as leverage against the United States and Israel, new Supreme Leader Mojtaba Khamenei said on Thursday in defiant first comments attributed to him since he succeeded his slain father. …
Date: Friday, March 13, 2026

Satellite Firm ICEYE Targets €1 Billion Revenue Next Year
Finnish satellite intelligence company ICEYE Oy is on track to grow revenue to more than €1 billion ($1.2 billion) next year as a raft of government orders allows it to ramp up production. Revenue last year exceeded €250 million, more …
Date: Friday, March 13, 2026

Canadian Telecom Telus Says It’s Investigating Cyber Breach
Canadian telecommunications provider Telus Corp. said it’s investigating a cybersecurity incident. The breach involves “unauthorized access to a limited number of our systems,” a spokesperson for Telus Digital said by email. “Upon discovery, we took immediate steps to address the …
Date: Friday, March 13, 2026

Top Africa Insurer Sanlam Flags ‘Massive’ Risks From Iran War
Sanlam Ltd. sounded the alarm about the impact of a protracted war in the Middle East, with Africa’s biggest insurer saying the conflict could have a “massive” impact on its performance. The escalating tensions will hurt earnings of the firm …
Date: Friday, March 13, 2026

AM Best Upgrades Credit Ratings for Members of CapSpecialty
AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings to “aa-” (Superior) from “a+” (Excellent) of Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation, both of Middleton, Wisconsin, and Platte …
Date: Friday, March 13, 2026

Prices for New Cars Have Soared. Here’s One Big Reason Why
The U.S. car business is grappling with a stubborn affordability problem, one that threatens to relegate more Americans to the used-car lot and leave automakers vulnerable to lower-priced rivals. Lawmakers have framed the issue around partisan lines. U.S. President Donald …
Date: Friday, March 13, 2026

People Moves: Anders Joins Alliant Insurance Services’ Employee Benefits Group
Reed Anders joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Chicago, Illinois, Anders has led cross-functional teams across finance, accounting, HR, compliance, IT, and operations. He began his career …
Date: Friday, March 13, 2026

Former Michigan Linebackers Coach Sues University Over Firing
ormer Michigan linebackers coach Chris Partridge sued the university, its board of regents and its athletics director Wednesday for firing him in 2023 while the NCAA investigated allegations of in-person scouting and sign-stealing. Partridge’s lawsuit filed in U.S. District Court …
Date: Friday, March 13, 2026

Suspect Killed After Ramming Vehicle Into Michigan Synagogue
A man was killed after ramming his vehicle into the front doors of a synagogue in suburban Detroit on Thursday afternoon, setting off an exchange of gunfire with security officers and a large police response, authorities said. Oakland County Sheriff …
Date: Friday, March 13, 2026

US Commodity Regulator Kicks Off Rulemaking for Prediction Markets
The U.S. Commodity Futures Trading Commission on Thursday called for public comment ahead of a regulatory proposal it said would shape government oversight of the burgeoning market for events contracts and prediction markets. In a public notice, the agency drew …
Date: Friday, March 13, 2026

Syngenta to Cease Global Production of Toxic Herbicide
Multinational agriculture technology company Syngenta announced last Tuesday (March 3) that it will cease global production of the herbicide paraquat by the end of June, including at its facility in Iberville Parish. Banned in more than 70 countries, paraquat is …
Date: Friday, March 13, 2026

P/C Statutory Results: The Highs and The Lows
A new report from S&P Global Market Intelligence is filled with information about record line-of-business loss ratios achieved in 2025—with some property/casualty lines coming in at record lows, and others reaching record high levels. Not surprisingly, the highs occurred for …
Date: Friday, March 13, 2026

Planet-Warming El Niño to Form by September, US Forecasters Say
US forecasters say an El Niño is favored to emerge in the Pacific Ocean by September, threatening to drive global temperatures higher and disrupt crops in the months ahead. Scientists at the US Climate Prediction Center project a 62% chance …
Date: Friday, March 13, 2026

Neptune Flood Launches App in ChatGPT to Get Preliminary Flood Insurance Quotes
Neptune Flood has joined the ranks of insurance apps in ChatGPT. On March 12 St. Petersburg, Florida-based Neptune Flood said it has a digital flood insurance app on the platform to allow property owners to get real-time preliminary quotes from …
Date: Friday, March 13, 2026

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