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Best's Commentary: Colombia Earthquake Expected to Generate Claims Across Multiple Lines of Business
Frida Garcia, associate financial analyst, AM Best. Colombia is exposed to significant seismic risk given its location at the convergence of several tectonic plates. The Best's ...
Source: BestWire   Date: August 13, 2026
5th Circuit Strikes Down Portion of No Surprises Act Payment Calculations Rules
Treasury are authorized to refine the QPA calculation process. The plaintiffs in this case, which included the Texas Medical Association, said the agencies made changes to the ...
Source: BestWire   Date: August 12, 2026
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California Regulator Implements New Rate Review, Intervention Process
... Consumer Watchdog, said in an email. "The predictable result will be fewer professional consumer advocates in insurance proceedings, leaving insurers and their armies of lawyers ...
Source: BestWire   Date: August 12, 2026
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Axa XL Appoints Head of Large Commercial & Specialty Business Unit
North America, according to a company statement. Waters joined Axa XL in 2022 to launch its mid-market business in the Americas. Since then, he has led the build-out and expansion ...
Source: BestWire   Date: August 12, 2026
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AIG Appoints Head of Professional Liability and Cyber, North America
American International Group Inc. has appointed Christopher O'Connor as head of professional liability and cyber, North America. O'Connor has been with AIG for over 15 years and ...
Source: BestWire   Date: August 12, 2026
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AM Best Affirms Credit Ratings of Cavello Bay Reinsurance Limited
Limited (Enstar) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Cavello Bay's balance sheet strength, which AM Best assesses as very ...
Source: BestWire   Date: August 12, 2026
Bermuda Regulators Approve Mangrove Property Sidecar Grove Re
Mangrove Property Insurance Co. said it is launching Grove Re Ltd. to support the carrier's long-term risk management and underwriting. The wholly owned sidecar was licensed in ...
Source: BestWire   Date: August 12, 2026
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Ping An Estimates $96.3 Million of Losses on Initial Typhoon Dolphin Claims
Ping An Insurance (Group) Company of China Ltd. currently have a Best's Financial Strength Ratings of A (Excellent) and A- (Excellent). (By Renée Kiriluk-Hill, senior associate ...
Source: BestWire   Date: August 12, 2026
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Low Weather Losses Boost Second-Quarter Profit for Nordic Insurer Sampo
Morten Thorsrud said in a statement. Second-quarter net profit rose to €462 million ($533.9 million) from €417 million a year ago. Gross written premiums rose to €2.68 ...
Source: BestWire   Date: August 12, 2026
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NAIC: Credit Rating Feeds Resume Following Data Breach
Teammate or State Based Systems. Further, the breach did not access employee personal data, electronic funds transfer, risk-based capital data, policyholder information, producer ...
Source: BestWire   Date: August 12, 2026
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Hannover Re Uses Cat Loss Lull to Strengthen Reserves
Hannover Re to further increase reserves. Revenue growth was curbed by currency effects and lower volume in structured reinsurance due to an anticipated reduction in the cession ...
Source: BestWire   Date: August 12, 2026
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Natural Hazard Losses Dent Suncorp's Fiscal 2026 Profit
Suncorp said in its current earnings statement. This was partly offset by prior-year reserve releases across the commercial and personal Injury portfolios. Suncorp said working ...
Source: BestWire   Date: August 12, 2026
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AM Best Affirms Credit Ratings of California Insurance Company and Its Affiliates
The outlook of these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of the companies and ratings.) The ratings reflect NAC's balance sheet strength, ...
Source: BestWire   Date: August 12, 2026
AM Best Revises Outlooks to Stable for Berkshire Hathaway GUARD Insurance Companies' Members
Insurance Companies (GUARD) and domiciled in Omaha, NE. The Credit Ratings (ratings) reflect GUARD's balance sheet strength, which AM Best assesses at the strongest level, as well ...
Source: BestWire   Date: August 12, 2026
Best's Market Segment Report: Reinsurers' Returns Exceed Cost of Capital Despite Softening Market
Helen Andersen, industry analyst, AM Best. "The measures have allowed reinsurers to weather the increased frequency and severity of secondary perils." Other report takeaways ...
Source: BestWire   Date: August 12, 2026
AM Best: US Pet Insurance Plans – First View Shows Rapid and Profitable Growth
Senior Industry Analyst Christopher Graham. Following is an edited transcript of the interview. View the video version of this interview here: Despite low market penetration, pet ...
Source: BestWire   Date: August 11, 2026
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2026 Best's Rankings: US Other Commercial Auto Liability Direct Premiums Written Up 9.5%
Liberty Mutual Insurance Cos. moved down two places to fifth, with $2.33 billion in DPW showing an increase of 5.9%. The carrier held a market share of 3.9%. Subscribers can access ...
Source: BestWire   Date: August 11, 2026
Rokstone's Athena Cyber Division Launches Extension for Supply Chain Disruption
Rokstone said in a statement. Companies are facing rising exposure to losses across interconnected supply chains, the company said. Rokstone said it marks a "step-change" for a ...
Source: BestWire   Date: August 11, 2026
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Mandarin Re Increases Capital 11% for Worldwide Expansion
Mandarin Re spokesperson said in an email to BestWire. The capital increase is its second this year, Labuan-based Mandarin Re said in a statement. The reinsurer said the capital ...
Source: BestWire   Date: August 11, 2026
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AM Best Assigns Credit Ratings to Members of Ledgebrook Insurance Group
Insurance Company (Stonehaven Specialty). Both companies are domiciled in Delaware and are collectively referred to as Ledgebrook Insurance Group (LIG). LIG is part of Ledgebrook ...
Source: BestWire   Date: August 10, 2026

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