Best’s News  |   Best’s Research  |   Best’s Review  |   Best’s Credit Rating Actions
Briefings and Webinars  |   Best’s Calendar  |   AM Best TV  |   AM Best Audio

BestDay provides a daily roundup of key stories published by AM Best during the prior business day, featuring breaking industry news, exclusive interviews with insurance professionals, Best’s Credit Rating Actions, in-depth research and updated company rankings.

Today’s BestDay email provides temporary access to select news articles. Unlock full access to cutting-edge insights and a rich archive of content with a subscription to Best’s News & Research Service.


April 1, 2026

From Best's Review: AI Introduces New Cyberrisks

Maria Long, chief underwriting officer, Resilience, discusses how artificial intelligence is transforming cyberthreats.

Farmers Plans to Add 1,700 Agency Owners, Some For New High Net Worth 'Elite Owner Program'

Farmers Insurance plans to appoint nearly 1,700 new agency owners within the next year, including people with at least $500,000 of capital for the company's new "elite owner program."

An insurance salesperson showing a client paperwork

APCIA: North Carolina Law Does Not Cover Multistate Policies in COVID-19 Coverage Dispute

The American Property Casualty Insurance Association is urging the North Carolina Supreme Court to reverse a trial court’s ruling that found in favor of coverage for COVID-19-related commercial insurance claims.

A 3D render of a blue textured COVID-19 virus cell

Annuities

Aflac Re Bermuda Reinsures Japan Post Insurance Annuity Block

Aflac Inc. said its Bermuda reinsurer has reached an agreement with Japan Post Insurance Co. Ltd. to reinsure a block of whole life annuities through coinsurance.

Japan map

Canada

CatIQ Revises March 2025 Ice Storm Loss Estimate to $334.9 Million

Catastrophe Indices and Quantification Inc. has lowered its insured loss estimate from a catastrophic late-March 2025 ice storm in Ontario and Quebec to C$466 million ($334.9 million).

A car in snow, covered by a broken, ice-covered tree branch

Cyber Insurance

Arch Expands Cyber Insurance Business in Canada

Arch Insurance North America is expanding its Arch CyPro primary cyber coverage solution into Canada through Arch Insurance Canada Ltd., effective April 1.

Eye scan

Mergers & Acquisitions

Investment Firm JC Flowers Takes Controlling Stake in India's Niyam Group

J.C. Flowers & Co. will acquire a controlling stake in India's Niyam Group and will act as lead investor in Niyam Syndicate 2047, a new Lloyd's syndicate.

india map

People in Insurance

Goosehead Insurance Appoints RealPage Exec as General Counsel and Corporate Secretary

Goosehead Insurance Inc. has appointed Martin Thornthwaite to succeed John O’Connor as general counsel and corporate secretary.

Martin Thornthwaite

Martin Thornthwaite

Patriot Growth Insurance Services Appoints CEO

Patriot Growth Insurance Services LLC has appointed John Galaviz as chief executive officer.

John Galaviz

John Galaviz

Willis Appoints Head of Facultative for Europe, Great Britain

Willis, a WTW business, has appointed Tony Simm as head of facultative for Europe and Great Britain to lead on delivering solutions to clients across multiple territories and lines of business.

Tony Simm

Tony Simm

Ratings

AM Best Affirms Credit Ratings of Fidelity & Guaranty Life Holdings, Inc. and Its Life/Health Subsidiaries

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelity & Guaranty Life Insurance Company (Des Moines, IA) and Fidelity & Guaranty Life Insurance Company of New York (New York, NY). These subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware), are referred to collectively as Fidelity & Guaranty Life Group (FGL). In addition, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of FGLH. The outlook of these Credit Ratings (ratings) is stable.


philadelphia insurance

AM Best Assigns Credit Ratings to Aseguradores Argentinos Compania de Reaseguros S.A.

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb” (Good) to Aseguradores Argentinos Compania de Reaseguros S.A. (ACR) (Argentina). The outlook assigned to these Credit Ratings (ratings) is stable.

AM Best Downgrades Credit Ratings of Cities and Villages Mutual Insurance Company

AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Cities and Villages Mutual Insurance Company (Cities and Villages) (Wauwatosa, WI). The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative.

United Kingdom

AM Best’s Outlook for the London Market Insurance Segment Remains Stable

AM Best has maintained its stable outlook for the London Market insurance segment as despite softening pressures, the pricing environment for most business lines is expected to remain adequate and support positive underwriting performance in the near term.

London skyline


Conveniently access real-time insurer rating information with the AM Best Mobile App.