Insurance Level News and Press

AM Best Rating Acitivity and News

CRC Insurance Group to Acquire Managing General Agent Euclid Transactional
CRC Insurance Group said it has agreed to acquire Euclid Transactional, a managing general agent focused on insurance solutions covering financial transactions including representations and ...
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Source: BestWire

Vermont Bill Would Require Comprehensive Policies Cover Auto Glass Repair, Calibrations
A bill introduced in the Vermont Legislature would require comprehensive automobile insurance policies completely cover repair, replacement and calibration of vehicle glass. This coverage would ...
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Source: BestWire

PHL Rehabilitator: Pure Rehab Plan Unfeasible, Liquidation Unavoidable
The current rehabilitation plan for PHL Variable Insurance Co. is unworkable and would result in policyholders receiving less than they would from a guaranty association through a conventional ...
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Source: BestWire

Florida-Based American Integrity Expands Homeowners Insurance to North Carolina
Florida-based American Integrity Insurance Group Inc. has expanded homeowners to North Carolina, its fourth Southeast state. The now-public carrier said it seeks geographic ...
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Source: BestWire

Jackson Financial in Partnership With Asset Management Firm TPG, Including Equity Stake
Jackson Financial Inc. said it entered a 10-year strategic partnership with TPG Inc. that will see the asset manager take a $500 million, 6.5% equity stake in Jackson and create a captive unit to ...
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Source: BestWire

Liberty Specialty Markets Names CUO Europe
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, appointed David Saillen to succeed Pierre-Edouard Fraigneau as chief underwriting officer Europe, effective immediately. ...
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Source: BestWire

HDI Global Appoints Managing Director and Legal Representative for Japanese Branch
HDI Global has appointed Hiro Yamasaki to succeed Casey Sandler, interim managing director, as permanent managing director and legal representative of its Japanese branch. Sandler, who has ...
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Source: BestWire

Gore Mutual to Operate as Standalone Subsidiary After Merger With Beneva
Gore Mutual will combine its operations with Beneva subsidiary Unica and eventually operate as a standalone subsidiary under the Beneva brand, the companies said after Canadian regulators approved ...
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Source: BestWire

MS Amlin Expands Asia-Focused Phoenix Re Cat Bond to $115 Million for 2026
MS Amlin said it increased its Asia-focused insurance-linked securities vehicle to $115 million for 2026 in an expansion of its coverage for the region. The Lloyd's underwriter renewed its ...
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Source: BestWire

BestWire's Top Stories of 2025: NCOIL Model Laws, Tragic Death, Auto Ranking Overtaking, Wildfires
The list of most-read BestWire stories in 2025 ran the gamut, from model laws for state legislation regulating third-party litigation funding to the sudden, tragic death of a well-known industry ...
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Source: BestWire

Insurance Australia Folds RACQ Insurance Into Reinsurance Program
Insurance Australia Group Ltd. said it integrated RACQ Insurance into its main catastrophe cover, whole of account quota share arrangements and aggregate stop-loss protection following its ...
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Source: BestWire

AIG CEO Plans Midyear Retirement, Will Become Executive Chair
Peter Zaffino will retire as chief executive officer of American International Group Inc. by the middle of the year and transition to executive chair. He will be succeeded by Eric Andersen, an ...
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Source: BestWire

AM Best to Host Briefing on How Non-Life Insurers Are Navigating Evolving Run-Off Market
AM Best will host a briefing with insurance industry experts on the latest developments shaping the run-off market and how non-life insurers are responding on Wednesday, Jan. 14, 2026, at 11:00 a.m. ...
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Source: BestWire

Best’s Special Report: Lower U.S. Property/Casualty Insurer Expenses Boost Segment’s Underwriting Results
Despite competitive market conditions, macroeconomic trends and severe weather trends that have fueled volatility in the U.S. property/casualty (P/C) industry’s underwriting results for a decade, ...
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Source: BestWire

Ryan Specialty Underwriting Managers Names President North America, Ryan Financial Lines
Ryan Specialty Underwriting Managers promoted Patrick Mitchell to president of North America, Ryan Financial Lines; Rich Winborn to chief executive officer of international, RFL; and George Paraskeva ...
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Source: BestWire

Baldwin Group Names President of Specialty Insurance for IAS Business Segment
The Baldwin Group announced three leadership appointments in its Insurance Advisory Solutions segment, the firm’s retail property/casualty and employee benefits brokerage business. Erin Lynch has ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

JPMorgan, Citi Extending Mortgage Relief for LA Wildfire Victims
California Gov. Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes. Wells Fargo & Co., JPMorgan Chase & …
Date: Tuesday, January 6, 2026

Trucordia Acquires First Texas Agency
Trucordia announced the acquisition of the First Texas Agency business, based in Houston, Texas. With a commitment to guiding clients with education about insurance solutions, First Texas Agency builds strong client relationships throughout the Houston area and beyond. Helfer & …
Date: Tuesday, January 6, 2026

Houston Homeowners Win Hurricane Harvey Appeal Against Feds
A federal appeals court has ruled that the government is liable for damage to homes that flooded upstream of the Addicks and Barker dams after Hurricane Harvey unleashed more than 50 inches of rainfall on the Houston region in 2017. …
Date: Tuesday, January 6, 2026

Zurich and Players Health Form Injury Insurance for NIL Era of College Sports
Zurich North America and Players Health, a provider of athlete safety and insurance solutions, have teamed up to introduce a critical injury protection insurance solution for colleges, universities, collectives and their student athletes who receive name, image and likeness (NIL) …
Date: Tuesday, January 6, 2026

People Moves: Westfield Specialty Taps Sompo’s Röskau for New Company Market Unit
Westfield Specialty announced the appointment of Cornelia Röskau as chief executive officer of the newly formed Europe company market, Westfield Specialty Europe, which will begin underwriting business in April, subject to regulatory approval. She will be based in Luxembourg and …
Date: Tuesday, January 6, 2026

Morningstar: A Year Later, LA Wildfires Were ‘Significant Stress Event’ for Insurance
In a report one year on from the Los Angeles area wildfires in 2025, which started on Jan. 7, Morningstar DBS Research issued a perspective that called the fires “a significant stress event” for California’s property/casualty insurance sector. The industry …
Date: Tuesday, January 6, 2026

Xceedance Acquires Illinois-Based Marble Box
Xceedance, a global provider of technology-driven business solutions for the insurance industry, today announced its acquisition of Marble Box, a company delivering tailored operational support and process optimization solutions to independent insurance agencies and brokers. This acquisition marks Xceedance’s entry …
Date: Tuesday, January 6, 2026

Millions at Risk of Los Angeles-Style Wildfires in Australia
Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year. Suburbs on the fringes of centers including Sydney, Melbourne and Perth …
Date: Tuesday, January 6, 2026

AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In
American International Group Inc. said Peter Zaffino intends to retire as chief executive officer by midyear, ending a five-year run of improved returns that was marred by recent managerial turmoil. He’ll be replaced by Aon Plc’s Eric Andersen. The announcement …
Date: Tuesday, January 6, 2026

German Insurers Report Below-Average Natural Disaster Claims in 2025
Heavy rain, flooding, storms and hail – also known as severe convective storms (SCS) – brought below-average claims for German insurers in 2025, defying the long-term trend for such perils, given the impact of climate change, according to the German …
Date: Tuesday, January 6, 2026

UK Investment Group Kelso Buys Stake in Travel and Insurance Firm Saga
Investment firm Kelso Group Holdings said on Tuesday it had bought 400,000 shares in British travel company firm and submitted proposals to its board aimed at boosting value, including attracting more U.S. investors. Kelso’s investment, worth 1.55 million pounds ($2.1 …
Date: Tuesday, January 6, 2026

Europe Backs Greenland After Trump Resumes Takeover Threats
European officials pledged to support Greenland after US President Donald Trump restarted his campaign to take the self-governed island in the wake of his strike on Venezuela. Across the continent, Europe’s biggest powers expressed solidarity with Greenland, a semi-autonomous territory …
Date: Tuesday, January 6, 2026

UK’s Admiral Group Completes Sale of US Motor Business to PE Firm J.C. Flowers
UK insurer Admiral Group plc announced it has completed the sale of its U.S. motor insurance business – including Elephant Insurance Co. and Elephant Insurance Services – to J.C. Flowers & Co., the private equity firm, effective from December 31, …
Date: Tuesday, January 6, 2026

Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says
As the artificial intelligence trade continues to push the stock market to new highs, investors are increasingly asking if we’re living through another financial bubble that’s destined to burst. The answer isn’t so simple, at least according to history. The …
Date: Tuesday, January 6, 2026

Germany Sees Russian Covert Attacks as Prelude to Wider Conflict
Russia is intensifying covert attacks on key infrastructure in Germany in a campaign of hybrid warfare that Berlin views as a possible prelude to a wider conflict, according to a military document obtained by Bloomberg. As Germany positions itself as …
Date: Tuesday, January 6, 2026

Oil Tankers Sail From Venezuela With no Flag or Safety Documents, Shipping Data Show
Tankers loaded with Venezuelan crude and fuel that left the country’s waters in recent days are sailing in international waters without a known flag or ship safety documentation in place, shipping data showed. The location of the vessels is unknown …
Date: Tuesday, January 6, 2026

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