Insurance Level News and Press

AM Best Rating Acitivity and News

Weekly Calendar: AM Best Attending and Sponsoring the ACLI/SOA ReFocus Conference
Insurance industry professionals can mark their calendars for a busy stretch of February activity, headlined by the release of the U.S. Bureau of Economic Analysis's second estimate of gross domestic ...
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Source: BestWire

AM Best Assigns Credit Ratings to AXIS Specialty Insurance Limited
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to AXIS Specialty Insurance Limited (ASIL) (Pembroke, Bermuda), a subsidiary ...
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Source: BestWire

Brighthouse Financial Stockholders Approve $4.1 Billion Merger With Aquarian
Brighthouse Financial Inc said its stockholders approved a planned $4.1 billion acquisition by private equity firm Aquarian Capital LLC. The deal concerning a unit of Aquarian Capital will see ...
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Source: BestWire

AM Best Affirms Credit Ratings of Himalayan Reinsurance Limited
AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Himalayan Reinsurance Limited (Himalayan Re) (Nepal). The outlook of these ...
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Source: BestWire

Best’s Special Report: AM Best Updates Net Capital Charge Tables for ACIS/CIRT Reinsurance Transactions
AM Best has released newly updated tables of net capital charges associated with a representative sample of transactions from Fannie Mae and Freddie Mac’s credit risk transfer (CRT) programs—Freddie ...
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Source: BestWire

AM Best Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Subsidiaries
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of RGA Reinsurance Company (Chesterfield, MO), RGA ...
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Source: BestWire

AM Best Affirms Credit Ratings of FMG Insurance Limited
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of FMG Insurance Limited (FMGIL) (New Zealand). The outlook of these ...
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Source: BestWire

AM Best Revises Issuer Credit Rating Outlook to Stable for Members of United Equitable Insurance Group
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C (Weak) and the Long-Term ICRs of ...
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Source: BestWire

AM Best Affirms Credit Ratings of Colina Insurance Limited and Colina Holdings Bahamas 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 Colina Insurance Limited (Colina). In addition, AM Best has ...
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Source: BestWire

Hartford CEO: AI-Supported, Growing Businesses Need Fewer Employees
Hartford Insurance doesn't approach artificial intelligence with the mindset of mass layoffs, but it will "just need less people to support businesses" as it grows, Chairman and Chief Executive ...
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Source: BestWire

US House Judiciary Committee Subpoenas Health Insurers for ACA Fraud Protection Documents
The United States House of Representatives Judiciary Committee subpoenaed eight health insurers to demand documents on their fraud protection measure after a report found billions of dollars in ...
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Source: BestWire

MGA Bridgehaven in Partnership With Pan-European MGA Federation FASE
Fédération des Agences de Souscription Européennes, or FASE, a pan-European federation of managing general agents, said the United Kingdom's Bridgehaven has joined as a "gold ...
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Source: BestWire

Insurtech Cowbell Expands to Australia in Collaboration With Zurich
Insurtech Cowbell said it has expanded to Australia with a cyber and specialty insurance program for small medium-sized enterprises. Standalone cyber cover is currently reaching 20% of Australian ...
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Source: BestWire

Intact Financial CEO: Expect Hard Market for Personal Auto in Canada to Persist
Intact Financial Corp's Chief Executive Officer Charles Brindamour said he expects a hard market for Canadian automobile insurance to last through 2026, as the company reported a 44% increase in net ...
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Source: BestWire

US Labor Stats Bureau: Insurance Jobs See 11,300 Decline in January
The United States insurance industry shed 11,300 jobs in January, compared with the month prior, according to according to preliminary figures from the U.S. Labor Department's Bureau of Labor ...
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Source: BestWire

AM Best Named ‘Ratings Agency of the Year’ at the MENA II Awards 2026
AM Best was named Ratings Agency of the Year at the MENA II Awards 2026, marking its second consecutive win in the category. The event was held at the Dubai International Financial Centre on Feb. 5, ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Summit Now Offers Workers’ Compensation in Pennsylvania and Delaware
Workers’ compensation provider Summit is expanding its coverage offerings to Delaware and Pennsylvania. Summit-managed carriers Bridgefield Casualty Insurance Co., Bridgefield Employers Insurance Co., and Bridgefield Indemnity Insurance Co. received regulatory approval from the Delaware and the Pennsylvania insurance department to …
Date: Thursday, February 12, 2026

Investors: Trump’s Rollback on Greenhouse Gases to Cause Confusion, Could Add Costs
The Trump administration’s decision to overturn an Obama-era legal analysis underpinning greenhouse gas rules will sow confusion and add costs for businesses and investors alike, shareholder advocates and portfolio managers say. U.S. President Donald Trump, who has called climate change …
Date: Thursday, February 12, 2026

Digital MGA Honeycomb Insurance Launches in Oregon
Digital MGA Honeycomb Insurance has begun writing policies in Oregon. The launch is Honeycomb’s 21st state in a national expansion. Honeycomb touts its rapid quoting for individual properties and that agents in states supported by Honeycomb can submit full schedules …
Date: Thursday, February 12, 2026

Chinese Insurer Owner to Sell NYC’s Waldorf Astoria After Acclaimed Renovation
The Waldorf Astoria hotel on Manhattan’s Park Avenue is coming up for sale following an extensive renovation. Real estate investment bank Eastdil Secured is expected to bring the hotel to market on behalf of the hotel’s Chinese owners, according to …
Date: Thursday, February 12, 2026

Markets/Coverages: Re/Insurer Canopius Launches Natural Resources Team
Canopius, the international specialty and property/casualty re/insurer, has announced the creation of its consolidated Natural Resources team in response to market demand. The team encompasses energy, heavy industry and construction to better reflect how brokers in these classes allocate business. …
Date: Thursday, February 12, 2026

Portugal Deadly Floods Force Evacuations, Collapse Main Highway
Thousands of people fled their homes in central Portugal after rising waters burst through the banks of the Mondego River, flooding roads, collapsing critical infrastructure and leaving vast areas of farmland under water. At least 3,000 people were evacuated in …
Date: Thursday, February 12, 2026

AXIAN Bets on Insurance to Deepen Risk Underwriting in Africa
AXIAN Group, a pan-African conglomerate spanning telecommunications, energy, real estate, fintech and financial services, is expanding into insurance underwriting to tap the world’s least covered regions. The group, which generated $2.75 billion in revenue in 2024, has launched VIA Insurance …
Date: Thursday, February 12, 2026

Bus Crash Involving Iowa College Baseball Team Leaves One Dead, 32 Injured
A bus carrying an Iowa community college baseball team crashed and overturned in a ditch on Wednesday, Feb. 11, killing one person and injuring 32 others onboard. The crash involved a bus carrying Iowa Lakes Community College baseball team and …
Date: Thursday, February 12, 2026

People Moves: Unison Risk Advisors Names O’Sullivan as Chief People Officer
Unison Risk Advisors announced the appointment of Nicole L. O’Sullivan as chief people officer. Based in Cleveland, Ohio, O’Sullivan will lead the firm’s human capital strategy, supporting talent, leadership, and culture initiatives across Unison’s growing platform. O’Sullivan joins Unison with …
Date: Thursday, February 12, 2026

Texas AG Sues Snapchat for Alleged Inappropriate Material and Addictiveness
Texas Attorney General Ken Paxton on Wednesday sued the company that owns Snapchat, accusing the social media organization of failing to adequately warn parents about inappropriate material on the platform and downplaying its addictiveness. The lawsuit alleges that Snapchat, a …
Date: Thursday, February 12, 2026

Drones, Drugs, Laser Beams Stir Confusion Over Texas Skies
For a few hours on Wednesday, the sleepy airport of El Paso, Texas, became a sudden flashpoint for confusion. Late Tuesday night, the Federal Aviation Administration issued a terse notice to pilots that airspace in the area would close — …
Date: Thursday, February 12, 2026

Insurance Issue Leaves Some Players Off World Baseball Classic Rosters
Francisco Lindor, Carlos Correa, and Jose Altuve were left off their countries’ rosters for the World Baseball Classic over insurance coverage. Lindor and Correa were left off Puerto Rico roster. Altuve was not included in Venezuela’s roster because of insurance. …
Date: Thursday, February 12, 2026

Auto Safety Bill Targeting Electric Doors Advances in US House
US lawmakers agreed to advance an automotive safety bill that would require manual releases in new vehicles with electrically powered door handles, bringing the measure that could impact designs popularized by Tesla Inc. a step closer to becoming law. The …
Date: Thursday, February 12, 2026

BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
BMW is recalling hundreds of thousands of cars due to a potential fire hazard, the German premium carmaker said on Wednesday. The global recall is affecting a mid-six-figure number of cars, a BMW spokesperson said. Newspaper Bild earlier reported on …
Date: Thursday, February 12, 2026

Viewpoint: How Carriers Can Break the Cycle of Medical Abuse
In Part 1 of this series, we examined how medical abuse extends far beyond excessive treatment, encompassing inflated billing, referral networks, misleading provider reports, and misuse of ancillary services. These behaviors can distort reserves, extend claim life cycles, and undermine …
Date: Thursday, February 12, 2026

China Charges Former AstraZeneca Regional Head With Insurance Fraud
China has officially charged AstraZeneca’s former regional head, Leon Wang, who was detained by authorities in the country more than a year ago in relation to probes into the drugmaker’s business. The company confirmed Wang’s indictment to Reuters on Wednesday, …
Date: Thursday, February 12, 2026

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