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AM BEST'S DAILY INSURANCE NEWS

Best’s News & Research Service provides unlimited access to the latest and archived original research and downloadable data files through special reports, market segment reports, commentaries, and rankings. Subscribers also receive real-time industry news, live access to Best’s Credit Rating Actions, and the ability to monitor credit rating changes for selected companies via alerts in BestLink.

September 3, 2025

From Best's Review: NAMIC President: Legal System Abuse, Weather, Inflation, Other Events Creating New Era of Risk

Some industrywide challenges have undermined pricing accuracy, according to Neil Alldredge, president and chief executive officer of the National Association of Mutual Insurance Companies.

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AM Best Publishes Annual Review of Global Reinsurance Industry; Analysis Highlights Reinsurers’ Discipline in Transitioning Market

As reinsurance industry leaders prepare to gather in Monte Carlo for the annual Rendez-Vous de Septembre, AM Best’s latest research on the global industry highlights the segment’s strong technical results and disciplined underwriting amid a market recalibration since the January 2023 renewal period.

Best’s Market Segment Report: US-Bermuda Reinsurers’ 2024 Remains Strong Despite Pricing Pressure

A composite of AM Best-rated U.S. and Bermuda reinsurers continued its trend of favorable underwriting results in 2024 while generating its fourth consecutive year of underwriting profitability, according to a new AM Best report.

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AM Best TV

Caitlin Morgan President: Cell Captive Structures Offer Flexibility

Dustin Partlow, president, Caitlin Morgan Insurance Services, said cell captives offer the ability to separate different coverage lines, while having greater flexibility and fewer administrative demands than single-owner or group captives. Partlow spoke with AM Best TV at the 2025 Vermont Captive Insurance Association Conference in Burlington, Vermont.

Dustin Partlow

Agent/Broker

Intermediary Superian Insurance Launches 'Hyper Specialty' MGA Scious Underwriting

Intermediary Superian Insurance Group said it launched Scious Underwriting, a "hyper-specialty" Lloyd's coverholder and managing general agent focused on health care and medical professional liability insurance.

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Catastrophes

Verisk Advises Industry: Gird For Annual Catastrophe Losses Exceeding $152 Billion

The industry stands at an inflection point and should prepare for losses far exceeding Verisk's new $152 billion global modeled average annual insured property loss, the analytics and technology provider said.

(Photo by Jon Cherry/Getty Images)

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Life Insurance

Continental General Recaptures Life, LTC Policies Ceded in 2002 by Acquired Company

Continental General Insurance Co. said it has finalized a deal to recapture the risk from a block of life and long-term care policies from Munich Re Life US.

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Mergers & Acquisitions

Bain Capital to Acquire UK Broker/Distributor Jensten

Private investment firm Bain Capital said it will acquire Jensten Group, a U.K.-based commercial insurance distribution platform and broker.

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Gallagher Re Agrees to Acquire Australia's Steadfast Re

Gallagher Re said it agreed to acquire Steadfast Re Pty Ltd., an Australian broker based in Sydney.

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Insurance Australia Closes on $556.4 Million RACQ Acquisition

Insurance Australia Group Ltd. completed its A$855 million ($556.4 million) acquisition of Royal Automobile Club of Queensland's insurance underwriting business and began a long-term strategic general insurance alliance with RACQ in Queensland.

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Skyward Specialty to Acquire Lloyd's Underwriting Platform Apollo Group Holdings for $555 Million

Skyward Specialty Insurance Group Inc. said it will acquire Apollo Group Holdings Ltd. for a total of $555 million from Alchemy, management, employees and other strategic investors.

Andrew Robinson

People in Insurance

White Mountains Promoting From Within as CEO Plans to Retire From Position

White Mountains Insurance Group Ltd. President and Chief Financial Officer Liam Caffrey will succeed Manning Rountree, who is retiring, as chief executive officer on Jan. 1, the board of directors decided unanimously.

Liam Caffrey

Ratings

AM Best Places Credit Ratings of Sompo Japan Insurance Inc. and Its Subsidiaries Under Review With Positive Implications

AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc. (SJ) (Japan) and its subsidiaries. Concurrently, AM Best has placed under review with positive implications the Long-Term ICR of “a-” (Excellent) of Sompo International Holdings Ltd. (SIH) (Pembroke, Bermuda). In addition, AM Best has placed under review with positive implications the Long-Term Issue Credit Rating of “a-” (Excellent) on $335 million 7% senior unsecured notes due by 2034, which is guaranteed by SIH.

AM Best Places Credit Ratings of Sompo Seguros Mexico S.A. de C.V. Under Review With Positive Implications

AM Best has placed under review with positive implications the Financial Strength Rating of A+ (Superior), the Long-Term Issuer Credit Rating of “aa-” (Superior) and the Mexico National Scale Rating of “aaa.MX” (Exceptional) of Sompo Seguros Mexico, S.A. de C.V. (Sompo Mexico) (Mexico City, Mexico)

AM Best Upgrades Credit Ratings of Ping An Health Insurance Company of China, Ltd.

AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Ping An Health Insurance Company of China, Ltd. (Ping An Health) (China). Concurrently, AM Best has revised the outlook of these Credit Ratings (ratings) to stable from positive.

Reinsurance

Northern Re Launches Structured Reinsurance Portfolio to Address Volatility

Northern Re said it launched a structured solutions product suite and enhanced whole account quota share capabilities for cedents who seek capital relief, earnings stability and multiyear continuity in a volatile market.

Anthony McKelvy

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