Insurance Level News and Press

AM Best Rating Acitivity and News

Old Republic's Bitco Insurance Names New CEO
Old Republic International named Meyer?Lehman president and chief executive officer of Bitco Insurance Cos., while Vince?Lamb, Bitco's current CEO, will become executive chairman, effective April ...
Date:
Source: BestWire

Newline Group Appoints Head of Professional Indemnity
Newline Group appointed Christopher Moy as head of professional indemnity. Moy has more than a decade of underwriting experience. He joined Newline in 2022 and has had an integral role in ...
Date:
Source: BestWire

BHSI Enters Ireland's Surety Market and Appoints Head of Surety
Berkshire Hathaway Specialty Insurance is entering the surety market in Ireland and appointed Sean Mulvey to lead the new product line as head of surety. Mulvey has more than 10 years of surety ...
Date:
Source: BestWire

Howden Makes Appointments and Regional Structure Changes for Americas, LatAm and EMEA
Howden appointed Mike Parrish chief executive officer, Americas, working with Sonia Caamaño, who becomes CEO, Latin America and Caribbean. Luigi Sturani has been appointed CEO, Europe, Middle ...
Date:
Source: BestWire

Montana Court Upholds Law Allowing Insurers’ Use of Sex, Marital Status
A Montana district court ruled a state law allowing insurers to use sex and marital status in underwriting does not violate the state’s constitution. At the heart of the lawsuit is 2021 law that ...
Date:
Source: BestWire

Seventh Circuit: Regulatory License Does Not Override Pollution Exclusions Barring Duty to Defend
The United States Court of Appeals for the 7th Circuit ruled permits or regulations authorizing emissions do not override a policy’s pollution exclusion, finding an insurer has no duty to defend a ...
Date:
Source: BestWire

FWD Profit Soars on Growth in Asian Life Markets
FWD Group Holdings Ltd. posted a sharp rise in 2025 profits as the Hong Kong-based life insurer said new business sales rose 25% on growth in its major Asian markets. Net profit after tax rose to ...
Date:
Source: BestWire

SiriusPoint Restructuring to Form New London Market, Combined Global P/C Programs Units
SiriusPoint Ltd. said it has restructured to create a new London Market and combined global property/casualty programs divisions. The new division reinforces a commitment to growing specialty ...
Date:
Source: BestWire

Minnesota Bill Would Remove Private Insurers From State’s Health Programs
A bill introduced in the Minnesota Senate would end private insurer involvement in the state’s Medicaid and MinnesotaCare programs, a move insurers say would not improve affordability or ...
Date:
Source: BestWire

QBE Re Appoints Former Aspen Exec as Head of Southeast Asia
QBE Re, the reinsurance division of global insurance group QBE, appointed Soichiro Tanaka to the new role of head of Southeast Asia. Tanaka will lead underwriting strategy for Southeast Asia, ...
Date:
Source: BestWire

Travelers Exec Joins CopperPoint as Head of Product
CopperPoint Insurance Cos. hired Mark Woods as senior vice president, head of product. Woods will lead the integration of underwriting product and systems, guide geographic and product expansion ...
Date:
Source: BestWire

FWD Group Names Group CFO, Group Chief Actuary and CEO Thailand
FWD Group Holdings Ltd. hired David Junius to succeed Sid Sankaran as managing director and group chief financial officer, effective July 1, after an initial period for the next few months as deputy ...
Date:
Source: BestWire

North Carolina's Captive Roster Saw Growth in 2025
North Carolina regulators licensed 21 new captive insurance companies in 2025, with approximately 80 more cells and series approved for the year, Insurance Commissioner Mike Causey said. The ...
Date:
Source: BestWire

Currency, Investment Conditions Spell Lower 2025 Profit for Sanlam
Sanlam Ltd. reported lower 2025 profit on unfavorable currency and investment developments along with costs associated with divestitures, insurance transactions in India and the establishment of a ...
Date:
Source: BestWire

AM Best: US Life/Annuity Industry Continues to Shift More Focus to Annuities
AM Best Associate Director Kate Steffanelli discusses new research that finds the U.S. annuity market delivered another strong performance that continued into 2025, aided by retirement product ...
Date:
Source: BestWire

Best's Review Looks at the Benefits of Agent Networks
In its March Issue, Best’s Review examines how agents are seeking to gain an edge by becoming part of an agent network. The scope of the assistance that these networks provide has grown in recent ...
Date:
Source: BestWire

---

Insurance Information Institute News (IIHS & HLDI)

---

Insurance Journal News

Bank of America Agrees to Settle Claims It Aided Epstein
Bank of America Corp. has agreed to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the deceased financier’s sex-trafficking, according to a court record. The agreement in principle was …
Date: Monday, March 16, 2026

Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis
As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. California intended the insurer, called the …
Date: Monday, March 16, 2026

Former Oklahoma Farmers Agent Accused of Sharing Confidential Data in Lawsuit
Farmers Insurance alleges in a lawsuit that a former agent in Oklahoma conspired to move Farmers’ insureds to other insurance companies, including an agency where his wife works. Farmers alleges that Bradley McKinney broke his Agent Appointment Agreement with Farmers …
Date: Monday, March 16, 2026

After Milton’s Damage to Stadium, St. Pete Votes to Raise Coverage to $50M
The city of St. Petersburg, Florida, in 2024 famously lowered its insurance coverage on Tropicana Field, the longtime home of the Tampa Bay Rays baseball team. The move saved the city some $275,000 in annual premium but slashed coverage limits …
Date: Monday, March 16, 2026

People Moves: TMK Appoints Glover From AIG as Aviation Underwriter
TMK Appoints Glover From AIG as Aviation Underwriter Specialty insurer Tokio Marine Kiln (TMK) announced it has appointed Cameron Glover as an underwriter within its Aviation department. He takes up his new role within the expanding Aerospace division writing airport …
Date: Monday, March 16, 2026

US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, according to Moody’s Ratings, without coverage of liability risk, …
Date: Monday, March 16, 2026

Encyclopedia Britannica Sues OpenAI Over AI Training
Encyclopedia Britannica and its Merriam-Webster subsidiary have sued OpenAI in Manhattan federal court for allegedly misusing their reference materials to train its artificial intelligence models. Britannica said in the complaint filed on Friday that Microsoft-backed OpenAI used its online articles …
Date: Monday, March 16, 2026

Judge Sides With Florida Citizens in Another Win for DOAH Arbitration Plan
A Florida judge has given another win to Citizens Property Insurance Corp., finding that the state-created insurer’s arbitration endorsement is constitutional and enforceable. “Final judgment is granted in favor of Citizens and against the plaintiff as to this declaration that …
Date: Monday, March 16, 2026

US Data Center Boom Slows Due to Power Grid Limits, Consultancy Says
US data center development has slowed because the power grid is reaching its limit to accommodate more large facilities, according to research from energy consultancy Wood Mackenzie. Developers added data centers that would consume about 25 gigawatts of electricity to …
Date: Monday, March 16, 2026

US Charges Man Accused of Selling Gun to Old Dominion University Shooter
A man was charged week with selling a stolen gun to Mohamed Bailor Jalloh, a former member of the Army National Guard who used it to kill one person and wound two others at Old Dominion University, federal authorities said. …
Date: Monday, March 16, 2026

TPG Launches Third Wave Brokerage, Which Acquires Palmer & Cay in Atlanta
In a three-way deal, TPG, an asset management firm, has launched an insurance brokerage with offices in South Carolina. That brokerage, Third Wave Insurance, has acquired Palmer & Cay, an insurance and employee benefits brokerage in Atlanta. Palmer & Cay, …
Date: Monday, March 16, 2026

Starbucks May Be Neglecting Labor Dispute Risks, Shareholder Proxy Firms Warn
Starbucks may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning shareholders. The warnings come more than a year after contract talks between the company and its U.S. union, formed by …
Date: Monday, March 16, 2026

AIG, McGill Announce Collaboration to Potentially Transform Subscription Market
McGill and Partners and American International Group said they collaborating to perhaps disrupt the subscription market—using agentic artificial intelligence to deploy capital to clients. AIG said the digital-first platform of the London-based independent broker allowed the insurer to conduct a …
Date: Monday, March 16, 2026

Iran War Should Trigger Faster Exit From Fossil Fuel Dependence: UN Climate Chief
The disruption to energy markets caused by the Iran war is a lesson on the risks of relying on fossil fuels which should drive governments to wean their economies off oil and gas faster, the U.N. climate secretary told Reuters …
Date: Monday, March 16, 2026

SiriusPoint Restructures Business, Now Operating Through Four Business Areas
SiriusPoint Ltd., the Bermuda-based specialty underwriter, announced changes to its business structure as part of the next phase of the company’s evolution. SiriusPoint will now operate through four business areas, including three globally focused P&Ls: Global P&C Programs, Global Reinsurance, …
Date: Monday, March 16, 2026

A Backlash Against Data Centers Is Spilling Into French Municipal Election Races
In the town of Le Bourget outside Paris, Sofiane Milous, a candidate in France’s municipal elections, is vowing to reverse plans for a data center he says will intensify heat islands, worsen noise pollution and create few local jobs. The …
Date: Monday, March 16, 2026

Cheaper Auto Insurance Zip Code: