20 https://news.ambest.com/Default.aspx This is the syndication BestWire RSS Feed ambest.com. 1 2 3 4 5 6 18 19 20 21 22 23 24 Saturday Sunday The Insurance Institute for Business & Home Safety has expanded its wildfire mitigation designation program to multifamily properties and neighborhoods. It said it also updated requirements for ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275068 AM Best 1 BestWire Thu, 11 Jun 2026 15:56:36 AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a” (Excellent) on the $1.654 billion (which upsized to $1.805 billion outstanding as of March 31, 2026), 6.00% Series ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275067 AM Best 2 BestWire Thu, 11 Jun 2026 15:55:01 AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a” (Excellent) on the $846 million (of which $407 million remained outstanding as of March 31, 2026), 6.00% Series Hannover, ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275066 AM Best 3 BestWire Thu, 11 Jun 2026 15:54:06 AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb” (Good) to the $750 million, 6.25% fixed rate junior subordinated notes, due 2056, of Prudential Financial, Inc. ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275065 AM Best 4 BestWire Thu, 11 Jun 2026 15:08:35 AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial, Inc.’s (Ameriprise) (Minneapolis, MN) recently announced USD 300 million, 4.8% senior unsecured ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275064 AM Best 5 BestWire Thu, 11 Jun 2026 15:02:56 Gallagher has appointed Giulio Greco as chief broking officer of the Europe, Middle East, Africa-wide private equity and mergers and acquisitions practice. Gallagher also appointed Carlo Ungaro ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275063 AM Best 6 BestWire Thu, 11 Jun 2026 14:45:40 The United Kingdom Department for Work and Pensions released draft rules offering guidance on how and when surplus funds from defined-benefit pension schemes can be released. The department said ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275062 AM Best 7 BestWire Thu, 11 Jun 2026 14:35:46 The Michigan Senate is considering a series of bills that would create a state-based health insurance exchange and reinsurance program designed to make plans more affordable and keep the market ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275061 AM Best 8 BestWire Thu, 11 Jun 2026 14:24:28 Banyan Risk said it launched a healthcare professional liability line under Banyan Risk Ltd. in Bermuda, backed by capacity from Mereo Insurance Ltd. Available immediately, the new line will ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275060 AM Best 9 BestWire Thu, 11 Jun 2026 14:01:22 W.R. Berkley Corp. has appointed Kirk A. Parker as president of Berkley North Pacific, effective immediately. Parker has nearly 30 years of leadership experience in the property/casualty ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275059 AM Best 10 BestWire Thu, 11 Jun 2026 13:53:50 Hippo Holdings Inc. has promoted Laura Boettcher, to chief operating officer of Hippo Holdings, the parent company of Hippo Insurance. In her expanded role, Boettcher will lead operations across ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275058 AM Best 11 BestWire Thu, 11 Jun 2026 12:36:10 Geico appointed David Foy as chief financial officer, effective June 29. Foy will oversee all finance and real estate functions. He will help shape the company’s financial strategy, oversee ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275057 AM Best 12 BestWire Thu, 11 Jun 2026 12:15:18 Willis Re has hired John Fletcher as chief executive officer, Willis Re Bermuda, effective immediately. Fletcher will be responsible for leading Willis Re’s Bermuda platform and driving business ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275056 AM Best 13 BestWire Thu, 11 Jun 2026 12:11:32 AM Specialty Insurance Group said its Pinpoint UK Solutions Ltd. business was approved by the Financial Conduct Authority to operate in the United Kingdom. The authorization helps AM Specialty ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275055 AM Best 14 BestWire Thu, 11 Jun 2026 12:05:31 Oxbridge Re Holdings Ltd. and its subsidiary SurancePlus formed a partnership with HCI Group Inc.  to launch three tokenized reinsurance securities using tokenized real-world assets.  The ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275054 AM Best 15 BestWire Thu, 11 Jun 2026 11:52:36 Lancashire Holdings said its U.S. operation is expanding its product portfolio by adding financial lines, inland marine and environmental liability. The new lines double the offerings for ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275053 AM Best 16 BestWire Thu, 11 Jun 2026 11:32:55 Adoro Pet Insurance Services LLC has hired Scott Taylor as chief business development officer. Taylor will lead Adoro's employee benefits and partnerships strategy, to expand access to pet ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275052 AM Best 17 BestWire Thu, 11 Jun 2026 11:24:11 Managing general agent Pen Underwriting said it is doubling its coverage limit to £10 million ($13.4 million) within its U.K. cyber program for small and medium-size businesses to reflect shifting ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275051 AM Best 18 BestWire Thu, 11 Jun 2026 11:22:10 Hawaii enacted a law that aims to reduce costs and processing friction from total-loss vehicles by updating how insurers handle title transfers and claims arising from titles issued using the new ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275050 AM Best 19 BestWire Thu, 11 Jun 2026 11:17:33 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to SAIC Motor Insurance Limited (SAIC Captive) (Hong Kong). The outlook ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275049 AM Best 20 BestWire Thu, 11 Jun 2026 11:01:45 AM Best will host its Insurance Market Briefing in Milan on June 17 and will also present an analytical briefing on directors & officers insurance the following week. Upcoming insurance industry ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275047 AM Best 21 BestWire Thu, 11 Jun 2026 10:37:12 Insurers can request additional documents, including medical records and insurance documents, and order independent medical examinations as part of breach of contract claims, the Colorado Supreme ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275046 AM Best 22 BestWire Thu, 11 Jun 2026 10:29:16 AM Best Director David Blades and Senior Industry Analyst Christopher Graham discuss a new Best's Market Segment Report that finds favorable underwriting margins may dissipate if adverse reserve ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275045 AM Best 23 BestWire Thu, 11 Jun 2026 10:18:33 Insurers specializing in the legal professional liability (LPL) sector have experienced considerable growth in policyholders’ surplus over the past five years, but premium levels have remained ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275044 AM Best 24 BestWire Thu, 11 Jun 2026 09:10:19 Humana Inc. said it will divest its minority stake in end-of-life services provider Gentiva, a position it said is valued at $900 million. Humana said in a statement it has signed an agreement ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275043 AM Best 25 BestWire Wed, 10 Jun 2026 19:44:32 W.R. Berkley Corp. Executive Chairman William "Bill" R. Berkley has died 59 years after founding the global commercial insurance and reinsurance business that carries his name. In the insurance ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275042 AM Best 26 BestWire Wed, 10 Jun 2026 15:19:38 Axa XL said it entered a strategic partnership with Deloitte to provide cybersecurity and operational technology services worldwide. The services are available through the Axa digital commercial ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275041 AM Best 27 BestWire Wed, 10 Jun 2026 14:59:24 Managing general agency Jensten Underwriting said it secured more than £300 million ($400 million) in capacity through a five-year deal with Zurich Insurance to support its growth and ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275040 AM Best 28 BestWire Wed, 10 Jun 2026 14:23:53 Corebridge Financial Inc. interim Chief Financial Officer Christopher Filiaggi said he expects alternative investments will post returns in the second quarter that will dip below those seen in the ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275039 AM Best 29 BestWire Wed, 10 Jun 2026 13:44:38 Willis Re named Jim Summers as chief executive officer, global specialties, effective immediately. Summers will lead the strategic direction and drive growth across all specialty classes ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275038 AM Best 30 BestWire Wed, 10 Jun 2026 12:05:27 Distinguished Programs is expanding into the reinsurance market as Distinguished Reinsurance with backing by Antares Re. The new platform debuts with a focus on property reinsurance, the managing ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275037 AM Best 31 BestWire Wed, 10 Jun 2026 11:57:22 Steadfast Group Ltd. said it received an offer of A$7.7 billion ($5.40 billion) from Amwins Group Inc. and Dragoneer Investment Group LLC to acquire 100% of its outstanding share capital. The offer ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275036 AM Best 32 BestWire Wed, 10 Jun 2026 11:50:01 The U.S. property/casualty (P/C) industry recorded a $16.3 billion net underwriting gain in the first quarter of 2026 following a $1 billion loss in the same prior-year period, which had been driven ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275035 AM Best 33 BestWire Wed, 10 Jun 2026 09:45:03 Due to the catastrophe protection gap in the Philippines, insured losses from damage caused by a recent 7.8-magnitude earthquake in the Mindanao region are expected to be limited and a small fraction ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275034 AM Best 34 BestWire Wed, 10 Jun 2026 09:43:50 AM Best has assigned the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) to Kuwait International Takaful Insurance Company K.S.C. (closed) (KITI) ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275033 AM Best 35 BestWire Wed, 10 Jun 2026 08:42:47 Aon plc has announced the retirement of Jan-Oliver Thofern, chief executive officer of Aon’s Reinsurance Solutions Germany and chairman of the country board for Aon Germany, effective Jan. 1, ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275031 AM Best 36 BestWire Tue, 09 Jun 2026 16:10:51 Ascot Group Ltd. has appointed Joseph Eppers as group chief investment officer and a member of the company's global executive committee. Eppers will lead Ascot's global investment strategy and ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275030 AM Best 37 BestWire Tue, 09 Jun 2026 14:18:19 Zurich Insurance has hired Alex Baron as U.S. Head of Energy. Baron will oversee the technical and strategic direction of Zurich’s U.S. energy business, which includes property/casualty solutions ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275029 AM Best 38 BestWire Tue, 09 Jun 2026 14:10:53 Liberty Specialty Markets launched a bespoke proposition for mid- to upper-midsize retail corporations as part of a regional investment strategy across the United Kingdom and Ireland. The launch ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275027 AM Best 39 BestWire Tue, 09 Jun 2026 13:53:15 AM Best has commented that the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Unipol Assicurazioni S.p.A. (Unipol) ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275026 AM Best 40 BestWire Tue, 09 Jun 2026 13:26:27 The Insurance Council of Australia and Insurance Council of New Zealand said they have agreed to form the Resilient Insurance Markets Initiative to coordinate advocacy, share expertise and help build ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275025 AM Best 41 BestWire Tue, 09 Jun 2026 12:46:10 Broker Willis said it expanded its international property facility to offer up to $60 million of follow capacity per placement. The automatic follow capacity also expanded with new markets, ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275024 AM Best 42 BestWire Tue, 09 Jun 2026 12:29:39 International General Insurance Holdings Ltd. said it gained registration approval from the International Financial Services Centres Authority to operate an IFSCA insurance office in India's Gujarat ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275023 AM Best 43 BestWire Tue, 09 Jun 2026 12:23:43 Pacific Life Re said it entered its third asset-intensive block reinsurance deal with Tokio Marine & Nichido Anshin Life Insurance Co. Ltd. (Anshin Life). The deal covers in-force whole of life ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275022 AM Best 44 BestWire Tue, 09 Jun 2026 12:09:31 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 the members of Donegal Insurance Group (Donegal ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275021 AM Best 45 BestWire Tue, 09 Jun 2026 11:34:41 AM Best Executive Vice President and Chief Operating Officer Stefan Holzberger appears as a featured guest on the “Lead The Machine” podcast to discuss artificial intelligence (AI) use across the ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275010 AM Best 46 BestWire Tue, 09 Jun 2026 11:09:40 AM Best has assigned a Long-Term Issue Credit Rating of “a” (Excellent) to Principal Financial Group, Inc.’s (PFG) (headquartered in Des Moines, IA) recently announced USD 400 million issuance of ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275009 AM Best 47 BestWire Tue, 09 Jun 2026 10:49:59 AM Best will hold a special analytical briefing with analytical staff and industry experts to explore developments within the delegated underwriting authority enterprises (DUAE) segment. The briefing ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275008 AM Best 48 BestWire Tue, 09 Jun 2026 09:26:04 USAA said it will distribute a $500 million dividend to Florida automobile insurance policyholders, on top of rate decreases. Other carriers have taken similar steps in a state where personal ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275007 AM Best 49 BestWire Mon, 08 Jun 2026 16:09:27 Health insurers are requesting to raise Connecticut’s individual market rates an average of 16.2% and small group rates an average of 17.8%, requests that drew sharp rebukes from the state’s attorney ... https://news.ambest.com/newscontent.aspx?AltSrc=23&RefNum=275002 AM Best 50 BestWire Mon, 08 Jun 2026 15:23:13