Insurance Level News and Press

AM Best Rating Acitivity and News

Beazley Rejects Zurich's $10.3 Billion Takeover Bid
Beazley plc's board of directors unanimously rejected a £7.67 billion ($10.30 billion) cash offer from Zurich Insurance Group, saying the proposal materially undervalues Beazley and its longer-term ...
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Source: BestWire

AM Best Affirms Credit Ratings of Malaysian Reinsurance Berhad
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia). The outlook ...
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Source: BestWire

AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). The ...
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Source: BestWire

AM Best Affirms Credit Ratings of Employers Holdings, Inc. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Employers Preferred Insurance Company and its ...
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Source: BestWire

AM Best: Personal Lines Momentum Continues to Drive P/C Underwriting Improvement
AM Best Associate Director David Blades and Industry Research Analyst Helen Andersen discuss new research that finds a benign 2025 Atlantic hurricane season was predominant factor in the ...
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Source: BestWire

AM Best Affirms Credit Ratings of Family Guardian Insurance Company Limited and FamGuard Corporation Limited
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of Family Guardian Insurance Company Limited (Family ...
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Source: BestWire

Weekly Calendar: AM Best Webinar on Jan. 28, The Responsible Use of Data in the Insurance Industry
The week ahead features the U.S. Federal Reserve Federal Open Market Committee meeting on Jan. 27–28 and the U.S. Bureau of Economic Analysis release of Gross Domestic Product for the fourth quarter ...
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Source: BestWire

UK Prudential Regulation Authority Prioritizes 2026 Insurance Agenda
The Bank of England's Prudential Regulation Authority intends to prioritize oversight in the year ahead on high-demand pension risk transfers, a "semi-live" crisis exercise taking place in the spring ...
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Source: BestWire

Helios Trims 2026 Lloyd's Capacity for 2026 on Portfolio Improvements
Helios Underwriting trimmed its 2026 year of account capacity to £467 million ($627.4 million) from last year's £491 million on what it said were syndicate portfolio quality improvements tied to 2025 ...
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Source: BestWire

CatIQ and IBC: Intensifying Weather Events Cause $1.7 Billion in Industry Insured Losses in 2025
Severe weather events cost Canadian insurers more than C$2.4 billion ($1.7 billion) last year, including an ice storm with an estimated C$490 million of covered claims, according to Catastrophe ...
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Source: BestWire

Travelers CEO: Agentic AI Embedded in Operations Today, Quantum Computing 'Not Too Far Off'
Property/casualty insurers are well-position to benefit from artificial intelligence throughout their operations, according to Travelers Cos. Inc. Chairman and Chief Executive Officer Alan Schnitzer, ...
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Source: BestWire

Florida Insurance Regulator Approves More Citizens Takeout Requests
The Florida Office of Insurance Regulation approved two insurance companies to assume more than 90,000 policies from Citizens Property Insurance Corp. American Integrity Insurance Co. was ...
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Source: BestWire

Trade Groups, Commissioners Supporting Bill to Abolish Federal Insurance Office
Insurance trade groups and the National Association of Insurance Commissioners are calling for the passage of legislation that would eliminate the Federal Insurance Office, among other ...
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Source: BestWire

Aon Appoints Chief Executive Officer, Malaysia
Aon appointed Neelay Patel as chief executive officer of Malaysia, effective March, subject to regulatory process. In this role, Patel will lead Aon’s business in Malaysia across commercial risk ...
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Source: BestWire

Everest Group Appoints Leaders for Global Facultative, Hybrid Reinsurance Business
Everest Group Ltd. appointed Michael Cellura as head of facultative and hybrid reinsurance and Trevor Gallagher has been appointed chief operating officer, facultative and hybrid ...
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Source: BestWire

Axa XL Appoints Head of Broker Relations, Large Commercial and Mid-Market
Axa XL appointed Liz Rychling as head of broker relations, large commercial and mid-market, in its Americas region.  In her new role, Rychling will be responsible for designing and implementing ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Trial Underway for Ex-St. Louis Alderman Accused of Insurance Fraud
A federal trial is underway for a former St. Louis, Missouri alderman accused of defrauding an insurance company while in office. Brandon Bosley is charged with orchestrating a fraud scheme to obtain money from his insurance company by falsely inflating …
Date: Thursday, January 22, 2026

Warner Pacific Builds SE Business With Brokers Holding Group
Warner Pacific, a general agency for brokers, based in California, has acquired Brokers Holding Group, a South Carolina general agency specializing in health plans and alternative funding for employer groups. The move expands Warner Pacific’s presence in the Southeast, the …
Date: Thursday, January 22, 2026

Texas Power Grid Faces Major Test From Season’s Biggest Storm
A powerful winter storm descending on Texas on Friday will be one of the toughest tests of the state’s electric grid since the system collapsed during a deadly 2021 freeze. Ice is predicted for the Dallas area, the Panhandle is …
Date: Thursday, January 22, 2026

Brown Students Return to Tighter Security After Campus Shooting
Brown University students resumed classes on Wednesday following a deadly shooting last month that shattered the typical sense of safety on the picturesque campus and spurred a review of the Ivy League institution’s security measures. A shooter attacked an exam-prep …
Date: Thursday, January 22, 2026

Bill to Extend Federal Terrorism Backstop Weighed in House Committee
Looking to ensure the longevity of a worthwhile federal program, the insurance industry has continued to lobby in favor of the TRIA Program Reauthorization Act of 2026. A federal backstop for terrorism risk was first initiated late in 2002 by …
Date: Thursday, January 22, 2026

Forecasters Warn of ‘Potentially Catastrophic’ Storm From Texas to the Carolinas
With many Americans still recovering from multiple blasts of snow and unrelenting freezing temperatures in the nation’s northern tier, a new storm is set to emerge this weekend that could coat roads, trees and power lines with devastating ice across …
Date: Thursday, January 22, 2026

Chicago Tow Truck Driver Charged Over Vehicle Thefts
Illinois Attorney General Kwame Raoul last week announced that his office charged a Chicago man over his role in the thefts of multiple vehicles while he was working for the city of Chicago in the Department of Streets and Sanitation …
Date: Thursday, January 22, 2026

Beazley Rejects Zurich Insurance’s £7.7 Billion Takeover Bid
Beazley Plc has rejected Zurich Insurance Group AG’s £7.7 billion ($10.3 billion) takeover approach, the latest twist in the Swiss giant’s attempt to acquire the UK specialty insurer. London-listed Beazley said its board has unanimously turned down Zurich’s latest cash …
Date: Thursday, January 22, 2026

Japan’s TEPCO Pauses Nuclear Reactor Reboot Day After Milestone Restart
Tokyo Electric Power Co., Japan’s largest utility, suspended the restart process of its nuclear power plant in Niigata prefecture, less than a day after resuming its first reactor since the 2011 Fukushima disaster. TEPCO, as the utility is known, said …
Date: Thursday, January 22, 2026

Markets/Coverages: DUAL LatAm Partners With Ki to Expand Region’s Property Capacity
DUAL LatAm, part of DUAL Group, announced a significant increase in property capacity across Latin America, marking a strategic expansion of the property binder established with Brit in 2025 and reinforcing its commitment to delivering robust, reliable solutions in a …
Date: Thursday, January 22, 2026

People Moves: Fagan Joins Brown & Riding’s National Property Practice
Brown & Riding, headquartered in Dallas, Texas, hired Seth Fagan to its national property practice. Fagan has over 20 years of experience in the wholesale insurance space. He specializes in complex property risks, including, but not limited to, commercial real …
Date: Thursday, January 22, 2026

Dairy Giants Rush to Recall Infant Formula After Expanding Contamination Scare
Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula after a contamination scare that began with Nestle widened on Wednesday to French groups Danone and Lactalis. The recalls highlight how a single compromised …
Date: Thursday, January 22, 2026

Water ‘Bankruptcy’ Era Has Begun for Billions, Scientists Say
A new era has begun of “global water bankruptcy,” with humans depleting freshwater systems to the point they can’t recover, according to a new United Nations report. Three-quarters of the world’s population — about 6.1 billion people — now live …
Date: Thursday, January 22, 2026

Trump Backs Down on Greenland Tariff Threats, Rules Out Use of Force
U.S. President Donald Trump abruptly stepped back on Wednesday from threats to impose tariffs as leverage to seize Greenland, ruled out the use of force and suggested a deal was in sight to end a dispute over the Danish territory …
Date: Thursday, January 22, 2026

AI Company Eightfold Sued for Helping Companies Secretly Score Job Seekers
Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued for allegedly compiling reports used to screen job applicants without their knowledge. The lawsuit filed in California on …
Date: Thursday, January 22, 2026

People Moves: Crawford & Company Launches New Structure, Names Hoberman CEO of US Operations; Converge Appoints Altman CTO
Crawford & Company Announces New Operating Divisions, Appoints Hoberman CEO of US Operations Crawford & Company, headquartered in Atlanta, has announced a new global operating structure. Effective Jan. 1, Crawford operates under two divisions – U.S. Operations and International Operations. …
Date: Thursday, January 22, 2026

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