Insurance Level News and Press

AM Best Rating Acitivity and News

Munich Re Appoints Heads of Cyber Asia, Cyber Australasia, Greater China & Africa
Munich Re’s cyber business in Asia-Pacific and Africa will be led by a newly appointed management team. Marco Petrovic will be heading cyber-Asia, excluding China. Johanna Roman will lead the ...
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Source: BestWire

Weekly Calendar: AM Best to Participate in IASA XChange 2026
 AM Best is a participant in several events, including IASA Xchange 2026, where AM Best is attending, exhibiting, sponsoring and being covered by AM BestTV, and AM Best's Insurance Market Briefing – ...
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Source: BestWire

AM Best Affirms Credit Ratings of N.V. Univé Her
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of N.V. Univé Her (Univé Her) (Netherlands), a wholly owned subsidiary of ...
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Source: BestWire

AM Best Affirms Credit Ratings of Damaan Islamic Insurance Company ‘BEEMA’ (Q.P.S.C.)
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Damaan Islamic Insurance Company ‘BEEMA’ (Q.P.S.C.) (Beema) (Qatar). ...
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Source: BestWire

AM Best Assigns Credit Ratings to KFH Takaful Insurance Company K.S.C. (Closed)
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to KFH Takaful Insurance Company K.S.C. (Closed) (KFH Takaful) (Kuwait). ...
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Source: BestWire

AM Best Affirms Credit Ratings of Sooner Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of ...
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Source: BestWire

AM Best Revises Outlooks to Positive for Merchants Bonding Company (Mutual)and Merchants National Bonding, Inc.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long- Term ICRs) of “a+” ...
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Source: BestWire

Best's Review Features Catastrophe-Focused MGAs and Emerging Cyberrisks
The June issue of Best’s Review examines the latest in catastrophe coverage: “Catastrophe-Focused MGAs Filling Bigger Space in Property Catastrophe Market” looks at the growing role of ...
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Source: BestWire

AM Best Assigns Credit Ratings to Insurance Company Alatau City Garant JSC
AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb+” (Fair) to Insurance Company Alatau City Garant JSC (Alatau) (Kazakhstan). The outlook ...
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Source: BestWire

AM Best Affirms Credit Ratings of Ansvar Insurance Limited
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ansvar Insurance Limited (Ansvar) (Australia). The outlook of these ...
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Source: BestWire

Best's Market Segment Report: AM Best Maintains Stable Outlook on Spain's Non-Life Insurance Segment
AM Best has maintained its stable outlook on Spain’s non-life insurance segment, noting that while the segment continues to grow profitably, rising claims costs could narrow margins. In its new ...
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Source: BestWire

AM Best Places Credit Ratings of Sandbox Mutual Insurance Company Under Review With Developing Implications
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Sandbox Mutual Insurance ...
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Source: BestWire

USQRisk Promotes Co-Founder to President
USQRisk, a managing general underwriter within Ryan Alternative Risk, a division of Ryan Specialty, has promoted Chris Giuffre to president of USQRisk effective immediately. With this promotion, ...
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Source: BestWire

Wellington to Acquire Hartford Investment Solutions Unit for $1.9 Billion
Wellington Management agreed to acquire Hartford Funds, an investment solutions provider for wealth management, from Hartford Insurance Group Inc., for $1.9 billion. On closing, Hartford Funds ...
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Source: BestWire

WTW Approved for Dubai Investment Management Business
WTW said it received a license approval from the Dubai Financial Services Authority for an investment management operation as the broker expands in the Middle East. The approval allows the broker ...
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Source: BestWire

Gallagher Increases Stake in Middle East and Africa Broking Firm Ace Gallagher Holding
Global broker Gallagher said it increased its stake in Middle East and Africa insurance broking firm Ace Gallagher Holding from 30% to 49%. MIG Holding, which has partnered with Gallagher since ...
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Source: BestWire

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Insurance Information Institute News (IIHS & HLDI)

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Insurance Journal News

Beware Business IT Consultant Who Secretly Installs Remote Access to Network
A Connecticut information technology consultant has pleaded guilty to fraud stemming from a computer intrusion scheme that cost a small business, according to federal prosecutors. Billie Conley, Jr., formerly of Shelton, pleaded guilty in federal court in New Haven to …
Date: Thursday, June 4, 2026

Zurich Insurance Expands Data-Center Offering Beyond the US
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the …
Date: Thursday, June 4, 2026

Tesla Settles Some Worker Racism Claims From California Plant
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants, while the company still faces a jury trial in a broader case brought by the state’s civil rights enforcement agency. …
Date: Thursday, June 4, 2026

EU, US Committed to Complying With Trade Deal, Says US Trade Chief
Both the European Union and the United States are committed to complying with their trade agreement, U.S. Trade Representative Jamieson Greer said June 3 after broad new tariff threats over forced labor rankled Washington’s trade partners. After the two sides …
Date: Thursday, June 4, 2026

Meteor Caused Speculation Across New England But No Damage or Injuries
When the double boom rang out in New England over the weekend, shaking homes and sending pets fleeing, questions started flooding social media. “Did anyone else hear that boom?” “Anyone feel that?” NASA let people know over the weekend that …
Date: Thursday, June 4, 2026

People Moves: HDI Global Names Hunt as CEO of UK & Ireland Business; Hamilton Global Specialty Taps Chubb’s Keaney to Lead New Private Clients Business
This edition of International People Moves details appointments at the insurers HDI Global and Hamilton Global Specialty. A summary of these new hires follows here. HDI Global Names Hunt as CEO of UK & Ireland Business Corporate and specialty insurer …
Date: Thursday, June 4, 2026

WTW Gets Approval to Operate Investment Business in Dubai Int’l Financial Centre
Insurance broker WTW announced it has received approval from the Dubai Financial Services Authority (DFSA) for a license to operate as WTW Investments (DIFC) Ltd. within the Dubai International Financial Centre (DIFC). WTW said the approval marks a significant milestone …
Date: Thursday, June 4, 2026

EU Insurers Need to Grasp Private Credit Risks, Watchdog Says
European insurers have to grasp the risks they face when investing in private credit, according to the region’s top watchdog. Insurance firms need to be able to identify, measure, manage and report the risks, Petra Hielkema, chair of the European …
Date: Thursday, June 4, 2026

Trump Downplays Threats of Hormuz Mines, Touts Alternate Route
President Donald Trump downplayed the threat posed by Iranian sea mines in the Strait of Hormuz to commercial shipping, even as other US officials have warned of their dangers. Speaking to reporters on Wednesday, Trump said American forces had “swept …
Date: Thursday, June 4, 2026

Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding
The Trump administration’s decision to dismantle most of a $386 million federal ocean-observing network will leave scientists without an irreplaceable source of data used to understand how climate change is affecting crucial currents and marine ecosystems and increasing coastal flooding. …
Date: Thursday, June 4, 2026

Automakers, Retailers Warn Memory-Chip Shortage Is Impacting Prices
The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday. The groups said …
Date: Thursday, June 4, 2026

SpaghettiOs Infested With Worms or Parasites, Lawsuit Claims
A Florida mother and her daughter sued Campbell’s after eating SpaghettiOs that they claim were contaminated by worms or parasites, and therefore unfit to eat. In a complaint filed on Tuesday, Mary Hubbard said she discovered the alleged contamination around …
Date: Thursday, June 4, 2026

Trump Takes Hands-Off Approach to AI Cybersecurity in New Order
President Donald Trump outlined a hands-off approach to addressing cybersecurity threats raised by artificial intelligence under an executive order that calls for giving the US government voluntary access to AI models. The directive was signed June 2, two weeks after …
Date: Thursday, June 4, 2026

Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them
Georgia insurance brokers and agents are sounding the alarm—and perhaps checking their own errors and omissions coverage—after a recent state appeals court ruling opened the door for third parties to sue when full coverage is not secured. “This ruling fails …
Date: Thursday, June 4, 2026

People Moves: Hudson Insurance Appoints Chief Claims Officer
Hudson Insurance Group, headquartered in New York City, appointed Beth Diamond as senior vice president and chief claims officer. Diamond has more than two decades of specialty claims experience and most recently served as group chief claims and litigation officer …
Date: Thursday, June 4, 2026

Environmental Brokers Busier Following Washington Chemical Plant Blast
In the weeks following the implosion of a massive tank at a Washington paper mill that killed 11 workers and spilled hundreds of thousands of gallons of chemicals, believed to be the deadliest industrial accident in state history, managers of …
Date: Thursday, June 4, 2026

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