Insurance Level News and Press

AM Best Rating Acitivity and News

Allstate First-Quarter Net Income Leaps to $2.46 Billion on Underwriting, Lower Cat Losses
Allstate Corp.’s first-quarter net income applicable to common shareholders jumped to $2.46 billion from $596 million a year earlier on higher underwriting income and lower catastrophe ...
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Source: BestWire

Danish Trade Groups: State Must Bear Financial Burden From Supreme Court Workers’ Comp Ruling
The Danish state and authorities must take responsibility for the financial fallout from a landmark Supreme Court’s decision that reduced the threshold for when a work injury is compensable. On ...
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Source: BestWire

Talanx Expects First-Quarter Net Income Hike to $903.4 Million
Talanx AG said its preliminary consolidated net income rose to €774 million ($903.4 million) from €604 million a year ago. Insurance revenue is expected to be about €12.1 billion, down from €12.4 ...
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Source: BestWire

Zurich Insurance Appoints Head of International Construction
Zurich Insurance Group appointed Patrick McBride as head of international construction, effective immediately. He will relocate to London. Since 2021, McBride has led the construction property ...
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Source: BestWire

Slide CEO: Entering California E&S Market Could Grow Premiums $100 Million This Year
Florida-based Slide Insurance Holdings Inc. thinks it could write $50 million to $100 million of premium in California this year, if not more, co-founder, Chairman and Chief Executive Officer Bruce ...
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Source: BestWire

Arch CEO: Rising Competition Is Dampening Premium Growth
Rising competition dampened premium growth for Arch Capital Group Ltd. as its chief executive officer said capital continued to flow into a reinsurance market that had strong results over the ...
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Source: BestWire

Renaissance Re First-Quarter Net Income Jumps on Lower Natural Cat Losses
Renaissance Re Holdings Ltd. took advantage of low rates during the Jan. 1 renewals to "transition into a more competitive environment," which helped keep top-line property catastrophe rates stay ...
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Source: BestWire

Markel CFO: Options Sought for Fronting Collateral Shortfall
Markel Group Inc. is investigating fronting credit exposure in one of its units as it reported impacts from the divestiture of its global reinsurance business and the conversion of specialty ...
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Source: BestWire

Sagicor Life Insurance Appoints President
Sagicor Life Insurance Co. has appointed Eric Sandberg as president. He will work closely with the company's leadership team to maintain alignment on strategic priorities. Sandberg has ...
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Source: BestWire

North Carolina Insurance Regulator, Rate Bureau Strike 5% Dwelling Increase Settlement
The North Carolina Department of Insurance and the state’s rate bureau agreed to increase dwelling insurance rates 5% in each of the coming two years, ending the need for hearings set to start in ...
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Source: BestWire

Lemonade Narrows First-Quarter Net Loss to $35.8 Million
Lemonade Inc. narrowed its first-quarter net loss to $35.8 million from a $62.4 million net loss in the previous year, as it saw higher premiums and more policyholders. In the final quarter of ...
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Source: BestWire

AM Best: Expectations Are Increasing the ECB Will Raise Interest Rates at Least Once in 2026
The European Central Bank April meeting is an opportunity to outline how the bank is thinking about inflation risk and may give some clues as to what to expect for interest rates going forward, said ...
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Source: BestWire

IMAC: Growth in Cayman's Insurance Sector Continues as New Licenses Issued in 2026
The Cayman Islands Monetary Authority issued 14 new international insurance licenses in the first quarter, as a trade group lauded the government's plans to petition for Qualified Jurisdiction Status ...
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Source: BestWire

CIRCA Chair: ReConnect Growth Highlights Rising Interest in Cayman Reinsurance
Record attendance, expanded programming, and growing global participation underscore increasing interest in Cayman’s reinsurance market and its evolving regulatory framework, said Faramarz Romer, ...
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Source: BestWire

Weekly Calendar: AM Best To Speak, Exhibit and Provide TV Coverage at RiskWorld 2026
AM Best will have a significant presence at several upcoming industry gatherings, including RiskWorld 2026 in Philadelphia, where the company will speak, exhibit, and provide TV coverage. AM ...
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Source: BestWire

Humana First-Quarter Net Income Slips as Membership Grows Across Businesses
Humana Inc. had first-quarter net income attributable to the company of $1.19 billion, down from $1.24 billion the year prior, as membership grew across its book of business to the detriment of the ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Markets/Coverages: Willis’ Merger Protect to Help With M&A Compliance Costs; Axon Cyber Launches for Small Enterprises
Willis, a WTW business, has launched Merger Protect, a specialty insurance solution to help organizations manage the financial impact of U.S. antitrust regulatory review in mergers and acquisitions transactions. Merger Protect forms part of Willis’ broader transactional risk offering, designed …
Date: Thursday, April 30, 2026

Nearly All of Europe Had Above-Average Heat Last Year, as Climate Records Toppled
Almost all of Europe experienced above-average heat in 2025, a year that broke records for wildfires, sea temperatures and heatwaves as climate change worsens, EU scientists and the World Meteorological Organization said on Wednesday. At least 95% of Europe experienced …
Date: Thursday, April 30, 2026

Australia Regulator Threatens Enforcement for Poor AI Controls
Australia’s top prudential regulator said it will take action against companies that fail to adequately control cybersecurity threats, as concerns within the industry mount over Anthropic PBC’s latest AI model Mythos. The Australian Prudential Regulation Authority is finalizing a plan …
Date: Thursday, April 30, 2026

Red-State AGs Call Out Credit-Rating Companies Over ESG
A group of state attorneys general wrote to the US Securities and Exchange Commission and major credit-rating firms, raising concerns about the use of environmental, social and governance factors in downgrade decisions. The officials from 23 Republican-led states, which include …
Date: Thursday, April 30, 2026

Cyber Threat Literacy, AI Disruption Top Risks to an Organization’s People
According to thousands of human resources and risk professionals surveyed by Marsh, inadequate cyber threat literacy ranks as the number one risk to people. It makes sense, since human error continues to be a top cause of cyber losses. Phishing …
Date: Thursday, April 30, 2026

Portugal Launches $26.5 Billion Resilience Plan After Storms and Blackout
Portugal’s government on Tuesday announced a 22.6 billion euro ($26.5 billion) investment program to roll out over nine years, aimed at mitigating risks including climate change and power outages. The plan was initiated after severe storms hit central mainland Portugal …
Date: Thursday, April 30, 2026

Families of Canadian Mass Shooting Victims Sue OpenAI in US Court
Family members of victims of one of Canada’s deadliest mass shootings sued OpenAI and its CEO Sam Altman in U.S. court on Wednesday, alleging the company identified the shooter as a credible threat eight months before the attack but did …
Date: Thursday, April 30, 2026

Billionaire Tax Proposal in California on Track to Qualify for Ballot, Say Backers
A controversial proposal in California to temporarily increase taxes on billionaires has enough signatures to qualify for the November ballot, a labor union backing the measure said. The proposal, backed by the Service Employees International Union Healthcare Workers West, would …
Date: Thursday, April 30, 2026

People Moves: The Doctors Company Makes Key Medical Professional Liability Leadership Appointments
The Doctors Company made several leadership appointments to add its medical professional liability operations. Todd Zeiter has been promoted to chief underwriting officer. He has amassed an underwriting and reinsurance background and nearly three decades at The Doctors Company. He …
Date: Thursday, April 30, 2026

Public Adjuster Charged with Stealing $140K in Insurance Payouts
The Bucks County district attorney announced criminal charges against the owner and operator of Advanced Public Adjusters. Greg A. Micucci, of Bristol, Pennsylvania, is accused of misappropriating approximately $140,000 in insurance claim funds intended for nine victims and their contractors. …
Date: Thursday, April 30, 2026

Cyberattack on NJ School Forces Debt Sale to Cover Stolen Funds
A cyberattack that stole $4.8 million in taxpayer money has spurred a New Jersey suburb to issue short-term debt as officials try to recover the funds. Spotswood, located roughly 40 miles outside New York City, was targeted by hackers last …
Date: Thursday, April 30, 2026

Brown University Sued for Negligence by Students Injured in Shooting
Three Brown University students injured in a shooting on the school’s Providence, Rhode Island campus last December have filed negligence lawsuits alleging that the Ivy League school ignored warnings about the shooter and failed to provide adequate security. Eleven people …
Date: Thursday, April 30, 2026

Allstate Q1 Net Income Skyrockets on Underwriting Gains
Allstate Corp. first quarter 2026 net income applicable to common shareholders more than quadrupled compared with the same time a year ago, due to a large gain in underwriting income. Net income was $2.4 billion for Q1 versus $566 million …
Date: Thursday, April 30, 2026

Kansas Man Sentenced to Probation for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count …
Date: Wednesday, April 29, 2026

Bank of England to Curb Offshore Life Insurance Trades
The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase …
Date: Wednesday, April 29, 2026

Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered …
Date: Wednesday, April 29, 2026

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