Insurance Level News and Press

AM Best Rating Acitivity and News

Wawanesa Agrees to Acquire Everest Canada, Says Deal Will Boost Commercial Premiums About 30%
Wawanesa Mutual Insurance Co. said it plans to increase commercial lines premiums by roughly 30% by acquiring Everest Insurance Company of Canada. It agreed to a deal with an Everest Group Ltd. ...
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Source: BestWire

NAIC Life Group Adopts Reinvestment Guardrails
The National Association of Insurance Commissioners Life Actuarial Task Force adopted, with some objection, reinvestment guidelines that will be applied across various sections of the valuation ...
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Source: BestWire

Oakbridge Insurance Appoints New CEO and President
Oakbridge Insurance appointed Matt James to succeed Robbie Smith as chief executive officer and Trae Vaughan to succeed Smith as president. Smith will transition to executive chairman. All ...
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Source: BestWire

Compre Provides $335.7 Million Cover for Unnamed European Reinsurer
Specialty reinsurer Compre Group Holdings Ltd. said it entered into an adverse development cover transaction with an unnamed European-domiciled reinsurance entity to provide Europe-wide protection ...
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Source: BestWire

MGA Delos: Expanded California Wildfire Coverage to 1 Million Homes in Fire-Stressed Areas
Managing general agent Delos Insurance Solutions said it has now expanded access to wildfire coverage to an additional 1 million homes in fire-prone areas of California since blazes ravaged Los ...
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Source: BestWire

Insurers Condemn Wide-Ranging Illinois Home, Auto Rate Legislation
The Illinois House of Representatives passed legislation covering rate filing reviews, premium change notices and other home and automobile insurance-related provisions that the insurance industry ...
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Source: BestWire

PartnerRe Posts Higher 2025 Profit on Investment Gains
PartnerRe Ltd. posted higher 2025 net income as investment gains outpaced catastrophe loss activity for the year. Net income available to PartnerRe common shareholders for 2025 rose to $2.09 ...
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Source: BestWire

Starr Completes Acquisition of Lloyd's Underwriter IQUW
Starr said it completed its acquisition of IQUW Group for an undisclosed amount in a move it noted broadens and diversifies its specialty insurance and reinsurance platform with enhanced capabilities ...
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Source: BestWire

Acrisure London Wholesale Expands Into Aviation Market and Appoints Head of Aviation
Acrisure London Wholesale expanded into the aviation market with the launch of a specialist division led by Jonny Rowling, newly appointed senior vice president, head of aviation. Rowling is ...
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Source: BestWire

Everest Exec Joins Liberty Specialty Markets in Newly Created Property Divisional Director Role
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, appointed Kevin Demmon to the newly created position of property divisional director. He will be based in London. Demmon will ...
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Source: BestWire

Berkshire Takes $1.8 Billion Tokio Marine Stake in Strategic Growth Partnership
Berkshire Hathaway affiliate National Indemnity Corp. is taking a 2.49% stake in Japan's Tokio Marine Holdings Inc. for ¥287.41 billion ($1.80 billion) as part of a strategic partnership, with the ...
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Source: BestWire

Best’s Special Report: US Property/Casualty Industry Sees Underwriting Income Nearly Triple to $61 Billion in 2025
The U.S. property/casualty (P/C) industry recorded a $60.9 billion net underwriting gain in 2025, almost tripling the $22.1 billion posted in the previous year, according to a new AM Best report. ...
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Source: BestWire

Best's News: AM Best Finds US D&O Liability Market Prioritizing Long-Term Profitability Amid Competition, Emerging Risks
AM Best Director David Blades and Senior Industry Research Analyst Chris Graham discuss a new Best's Commentary that finds by year-end 2025, the directors and officers liability market appeared to be ...
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Source: BestWire

Liberty Mutual Appoints President for Ironshore
Liberty Mutual Insurance appointed Ben Johnson as president, Ironshore, the standalone wholesale segment within its North America business. Johnson joined Liberty Mutual in 2017 following its ...
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Source: BestWire

In Like a Lion: Gallagher Re Says US Insurers Hit With Back-to-Back Billion-Dollar Severe Storms
U.S. insurers incurred back-to-back catastrophe losses of $1 billion dollars or more after another round of severe convective storms in central and eastern states and historic late-season snowfall in ...
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Source: BestWire

AssuredPartners Sues The Liberty Company, Claiming It Lost 47 People in Months-Long Raid
AssuredPartners, a unit of Arthur J Gallagher Co., sued The Liberty Co. in federal court, accusing it of orchestrating a months-long "blitz of unfair competition" that resulted in 47 employees lost ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Register: Risky Future AI Tools for Better Billing & Payments ‘Demo Day’ on March 25
Insurance Journal’s Risky Future series is hosting the “AI Tools for Better Billing & Payments for Insurance” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, retail agencies, MGAs, as well as finance and operations …
Date: Monday, March 23, 2026

Wildfires, Storms, Floods Account for Record 92% of Global Insured Losses: Swiss Re
Wildfires, severe convective storms and floods — also known as secondary perils — accounted for a record 92% of total global natural catastrophe insured losses of US$107 billion in 2025, according to Swiss Re Institute. Wildfires set a new loss …
Date: Monday, March 23, 2026

Hawaii’s Worst Flooding in 20 Years Prompts Evacuations
Hawaii officials urged people in hard-hit areas to evacuate Saturday due to the state’s worst flooding in more than 20 years, after heavy rains fell on soil already saturated by downpours from a winter storm a week ago. Muddy floodwaters …
Date: Monday, March 23, 2026

Relation Insurance Acquires Chinook Insurance Group in Washington
Relation Insurance Services acquired the assets of Chinook Insurance Group, LLC based in Seattle, Washington. Chinook Insurance Group focuses on commercial clients and brings specialized expertise in insurance services for the subsea and aquaculture industry. The company also has additional …
Date: Monday, March 23, 2026

Nebraska Fires Burn Grazing Lands, Threaten Plans to Grow US Cattle Herd
Massive wildfires have burned vast swaths of grazing lands in Nebraska, endangering cattle producers’ plans for production increases that could help ease record-high U.S. beef prices. The loss of grasslands in the second-biggest cattle-producing state removes a feed source for …
Date: Monday, March 23, 2026

Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance
When Thomas A. George and Tamika Hampton decided to defraud an auto insurer in 2019, they went big—claiming that George was so severely injured in a crash that he could no longer walk or talk, according to court documents. The …
Date: Monday, March 23, 2026

P/C Industry Loss Reserves Redundant by More Than $20B: Assured Research
The year-end 2025 carried loss reserve position for the property/casualty insurance industry is more than $20 billion redundant, according to a loss reserve analysis published this week by Assured Research. In the report titled “P&C Loss Reserves at Year-End 2025: …
Date: Monday, March 23, 2026

Trump Suit Against Capital One Dismissed But Can Be Refiled
The Trump Organization’s lawsuit accusing Capital One Financial Corp. of political discrimination and illegally closing its accounts in 2021 was tossed out by a judge, but he said the claims can be refiled if Trump’s company can fix its “deficient” …
Date: Monday, March 23, 2026

Planned Parenthood of Illinois to Pay $500K to End DEI-Related Investigation
Planned Parenthood of Illinois (Planned Parenthood) violated federal law when they segregated employees by race, subjected white employees to harassment, and engaged in disparate treatment against white employees regarding terms, conditions, and privileges of employment, the U.S. Equal Employment Opportunity …
Date: Monday, March 23, 2026

Frustrated Corpus Christi Residents Limit Water Use as Crisis Nears
Not too long ago, Tamala Alejandro said her backyard was lush with a vegetable garden. On the ground, she had watermelons, cantaloupes and potatoes. She loved her herb garden, and her prized possession was her beloved peach tree. But then, …
Date: Monday, March 23, 2026

Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover
Chubb outlined the structure of the new $20 billion maritime reinsurance facility, created to provide marine war risk insurance for ships sailing through the Strait of Hormuz — which has been effectively closed to shipping since the start of the …
Date: Monday, March 23, 2026

People Moves: MSIG USA Appoints Thompson as South Central Distribution Leader
MSIG USA announced the appointment of Matt Thompson as South-Central region distribution leader, responsible for leading MSIG USA’s growth strategy across Texas, Oklahoma, Mississippi, Louisiana, and Arkansas. Thompson will report to Joseph Fitzpatrick, head of distribution for MSIG USA. Thompson …
Date: Monday, March 23, 2026

Harvard Sued by Justice Department Over Alleged Antisemitism on Campus
The Justice Department sued Harvard University for allegedly violating Jewish students’ civil rights in the Trump administration’s latest attack on the university. In the suit filed Friday in Boston federal court, the government claims Harvard failed to protect Jewish students …
Date: Monday, March 23, 2026

Southwest Heat Wave Tumbles Records, Raises Fire Risk
Nearly 9.5 million people across the U.S. Southwest face extreme high temperatures, as an ongoing heat wave continues to topple records and raise the risk of wildfires as far away as the Great Plains. Las Vegas reached 96F (36C) Saturday, …
Date: Monday, March 23, 2026

Starr Completes Acquisition of IQUW Group
Starr, the New York City-based global investment and insurance organization, announced it has completed the acquisition of IQUW Group, which creates a more diversified specialty re/insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. Financial …
Date: Monday, March 23, 2026

Two Pilots Killed, Dozens Injured in Jet Collision With Fire Truck at LaGuardia Airport
NEW YORK/MONTREAL/WASHINGTON — An Air Canada Express jet collided with a fire truck while landing at New York’s LaGuardia airport late on Sunday, killing both pilots, injuring dozens and closing the facility, authorities said. The Air Canada Express CRJ-900 plane, …
Date: Monday, March 23, 2026

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