Trending News & Highlights |
| A new Best's Special Report discussed by Wai Tang, senior director, AM Best, finds no AM Best rated companies became impaired in 2025.
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| Allianz Partners confirmed up to 1,800 jobs will be affected as it reconfigures its processes amid technological change.
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| A hacker likely copied files with personal information held by AssuranceAmerica Managing General Agency LLC on nearly 7 million people, according to a data breach notice filed with the Office of the Maine Attorney General.
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| Requests for proposals to assume guaranteed blocks of business controlled by insolvent PHL Variable Insurance Co. are expected in the third quarter and liquidation is expected to occur in 2027, according to the rehabilitator.
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| The National Association of Insurance Commissioners said insurers can use designations and credit ratings published June 17 for second-quarter filings with state insurance regulators after rating agencies suspended some data sharing following the association’s cyberbreach.
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| Genworth Financial Inc. President and Chief Executive Officer Tom McInerney will be taking a temporary leave of absence to focus on his health, and Chief Financial Officer Jerome Upton will serve as interim president and CEO effective immediately, the company said.
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| Oklahoma Attorney General Gentner Drummond is accusing Allstate Corp. of undertaking a coordinated scheme to wrongfully deny or underpay home insurance hail- and wind-damage claims.
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| The European Commission approved the $10.9 billion acquisition of London-based Beazley plc by Switerland's Zurich Insurance Group Ltd.
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| Perils AG lowered its third loss estimate for European Windstorm Goretti to €468 million ($535.2 million).
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| Steadfast Group Ltd. said an intention to proceed with its A$7.7 billion ($5.35 billion) acquisition by an Amwins-led consortium was extended by four weeks.
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| A California judge sided with Insurance Commissioner Ricardo Lara in a legal clash with Consumer Watchdog over two bulletins covering policyholder surcharges to cover an assessment levied by the state’s Fair Plan.
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| A bill introduced in the United States Senate would cap traditional Medicare out-of-pocket costs at $5,000 in a move aimed at “leveling the playing field” for the government program with Medicare Advantage plans, the bill’s sponsors said.
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| A workers' compensation ruling from Denmark's Supreme Court led to lower second-quarter profit for Denmark's Tryg A/S as the group also saw higher large losses in commercial lines, its chief executive officer said.
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| AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal perspective.
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Research |
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Société Tunisienne de Réassurance (Tunis Re) (Tunisia). The outlook of these Credit Ratings (ratings) is stable.
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AM Best is maintaining its stable outlook on Guatemala’s insurance industry, citing market expansion supported by economic growth and controlled inflation.
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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 Vision Service Plan (Rancho Cordova, CA) and its subsidiaries, collectively known as VSP Vision. The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. (See below for a detailed listing of the subsidiaries and ratings.)
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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of Farm Bureau Town and Country Insurance Company of Missouri and New Horizons Insurance Company of Missouri. These companies are collectively called Missouri Farm Bureau Group (the group). Concurrently, AM Best also has revised the outlooks to stable from negative and affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Farm Bureau Life Insurance Company of Missouri (FBLICM). All companies are domiciled in Jefferson, MO.
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AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of OMS National Insurance Company, Risk Retention Group and Fortress Insurance Company (collectively referred to as National Group). The outlook of the FSR is stable. All companies are domiciled in Schaumburg, IL.
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AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Arundo Re (France). The outlook of these Credit Ratings (ratings) is stable.
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AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Service Lloyds Insurance Company, a Stock Company and Service American Indemnity Company, which operate under a pooling agreement. Both companies are headquartered in Austin, TX. and are collectively referred to as Service Insurance Group (Service or the group).
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AM Best has assigned a Preliminary Credit Assessment (PCA) to Triangle Life Insurance Co Ltd. (Triangle Life) (Hamilton, Bermuda) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). The outlook assigned to this PCA is stable.
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AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of General de Seguros, S.A. (GS) (Panama City, Panama). The outlook of these Credit Ratings (ratings) is stable.
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AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Commercial Re Overseas Limited (CRe) (Road Town, British Virgin Islands). The outlook of these Credit Ratings (ratings) is stable.
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Rankings |
| State Farm Group boosted net premiums written 5.6% to $113.79 billion last year, accounting for more than one-third of the $308 billion in premiums written by all U.S. property/casualty mutual insurers in 2025, according to a new Best's Rankings report.
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| U.S. individual annuities premiums for life contracts increased 7.8% in 2025 to $287.18 billion, according to a new Best's Rankings report.
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| U.S. life/health mutual insurer net admitted assets grew 7% last year to $2.57 trillion, a percentage increase exceeded by most of the 10 largest writers, according to a new Best's Rankings.
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