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AM Best Downgrades Credit Ratings of SteadPoint Insurance Company; Places Credit Ratings Under Review With Negative Implications
Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for ...
Source: BestWire   Date: September 2, 2026
Best's Market Segment Report: Steering Profitability Remains Crucial for Lloyd's in Softening Market
...Vous de Septembre on Sept. 6, 2026, at 10:15 a.m. (CEST) in Monte Carlo. For more information, please visit the event website. AM Best is a global credit rating agency, news ...
Source: BestWire   Date: September 2, 2026
Los Angeles County Suing State Farm Over Claims Practices
Unfair Competition Law. The January 2025 LA wildfires destroyed or damaged more than 16,000 structures, primarily homes, and many property owners remain out of their homes more ...
Source: BestWire   Date: September 1, 2026
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Australian MGA Enters US Promising to Close Small-Business Cyber Protection Gap
New Zealand, said it has launched Emergence U.S., based in Florida. Cyberthreats continue to grow while cyber insurance adoption among small and midsized businesses remains ...
Source: BestWire   Date: September 1, 2026
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Brokers Seek Dismissal of $50 Million Fraud Lawsuit Over Statute of Limitations
Maryland (BestWire, June 25, 2026). The insurer said the scheme resulted in it seeing more than $50 million in losses, the complaint said. CareFirst alleges the Rappaports operated ...
Source: BestWire   Date: September 1, 2026
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MGA Counterpart Expands to Lawyers' Professional Liability Insurance in Sixth Launch During Past Year
Casals Melia, director of LPL at Counterpart, in a statement. "At Counterpart, the infrastructure and the carrier and broker relationships were already in place, so I could spend ...
Source: BestWire   Date: September 1, 2026
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Skuld Cancels Some War Risk Insurance Near Red Sea, Indian Ocean, Gulf of Aden
United States war with Iran. "In light of concerning developments in the Red Sea area, which have materially increased geopolitical and operational uncertainty, the association has ...
Source: BestWire   Date: September 1, 2026
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Bamboo Plans IPO as an Emerging Growth Company
Form S-1 filed with the U.S. Securities and Exchange Commission. The price range and number of shares offered have not yet been disclosed, but the company said in the filing it ...
Source: BestWire   Date: September 1, 2026
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Perils: July Convective Storms in Europe Caused $2.54 Billion in Insured Losses
Perils said the initial estimate will be updated Oct. 19. The SCS were triggered by high-level cool air moving in from the northeast across the continent, according to Perils. The ...
Source: BestWire   Date: September 1, 2026
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Best's Market Segment Report: AM Best Maintains Stable Outlook on Global Non-Life Reinsurance Segment
...Vous de Septembre in Monte Carlo. Other reports, including AM Best's ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, life/annuity ...
Source: BestWire   Date: September 1, 2026
Illinois New E-Bike Law Mandates Insurance Coverage
Secretary of State's office said. Prior to the new law, Illinois had no regulations governing these vehicles, which have seen a 300% increase in injuries and deaths from 2019 and ...
Source: BestWire   Date: August 31, 2026
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Centene Appoints Successor to Retiring Chief Information Officer
...Claire plans to retire by the end of October. Bolivar has almost 30 years of technology leadership experience spanning financial services, media and consulting, including senior ...
Source: BestWire   Date: August 31, 2026
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Insurance Industry Celebrates California Wildfire Bill Preserving Subrogation Rights
... Ritter said in a statement. "We're grateful for the collaboration among legislators, the administration, wildfire survivors, local governments and other stakeholders to maintain ...
Source: BestWire   Date: August 31, 2026
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Hartford Appoints Underwriting Chief for Global Specialty Business Unit
Brodzinski has left the company. Russo will lead the company's global specialty underwriting strategy and execution, ensuring consistency, discipline, and profitable growth, the ...
Source: BestWire   Date: August 31, 2026
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Aon to Acquire USI for $17 Billion, Looks to Create 'Premier' US Middle Market Platform
Aon United strategy. Adding USI will "substantially enhance" Aon's presence in the $40 billion U.S. middle market segment, which represents more than a third of U.S. commercial P/C ...
Source: BestWire   Date: August 31, 2026
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AM Best to Sponsor and Exhibit at 2026 East Asian Insurance Congress
Best will be exhibiting at the event. Visitors to its booth can learn more about the resources AM Best offers to insurance professionals, including Best's Credit Ratings and Best's ...
Source: BestWire   Date: August 31, 2026
Best's Commentary: Seismic Activity in Southwest Peru Not Expected to Generate Severe Insured Losses
Coracora in the Parinacochas province. Preliminary reports state 83 homes and approximately 20 schools, as well as health centers, public facilities and transport routes, were ...
Source: BestWire   Date: August 28, 2026
Best's News: Unaffiliated Offshore Reinsurance Deals Drive Asset-Intensive Reinsurance Market
The offshore annuity channel is driving growth in the U.S. life reinsurance market, according to a new Best's Market Segment Report discussed by Edward Kohlberg, director, and ...
Source: BestWire   Date: August 28, 2026
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Tokio Marine Unit to Acquire United Kingdom Motor MGA Direct Commercial
Kingdom and insures one-in-nine commercial trucks on U.K. roads, Tokio Marine said in a statement. The MGA writes more than £200 million ($270.8 million) in gross written premium. ...
Source: BestWire   Date: August 28, 2026
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Best's Commentary: Nepal's Catastrophic Floods Pressure a Thinly Insured Market
Nepal remains among the lowest in Asia. Losses in commercial lines are likely to be more material for individual carriers and their reinsurance counterparties than for the market ...
Source: BestWire   Date: August 28, 2026

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