AM Best | Europe, Middle East & Africa



Regional News Headlines

The following news stories feature information regarding the Europe, Middle East & Africa marketplace.

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European Firm Orvia Underwriting Enters Dutch Market Aimed at High Net Worth Business : Pan-European managing general agent platform Orvia Underwriting has entered the Dutch market, as it transitions to a scalable, international organization. Orvia Underwriting said in a statement it will focus on specialist...
Date: May 21, 2026
Markel Insurance Names Head of Fine Art and Specie : Markel Insurance has appointed Danny O’Donoghue to head of fine art and specie, effective immediately. O’Donoghue will be based in London and will be responsible for leading the strategic and sustainable expansion of the ...
Date: May 21, 2026
Generali Exec Eyes Inflation as Portugal's Storm Kristin Exceeds Loss Budget : Assicurazioni Generali S.p.A. is wary of inflation linked to rising oil prices but sees opportunities for property/casualty pricing while Portugal's Storm Kristin exceeded the group's first-quarter catastrophe budget, accordi...
Date: May 21, 2026
AM Best Affirms Credit Ratings of Lumen Re Ltd. : AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The...
Date: May 21, 2026
AM Best Affirms Credit Ratings of Dubai Insurance Company (PSC) : AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Dubai Insurance Company (PSC) (DIN) (United Arab Emirates). The outlook of these Credit Ratings ...
Date: May 21, 2026
AM Best Affirms Credit Ratings of United Kingdom Mutual War Risks Association Limited : AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of United Kingdom Mutual War Risks Association Limited (UK War Risks or the Association) (United ...
Date: May 21, 2026
AM Best Affirms Credit Ratings of Qatar Islamic Insurance Group 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 Qatar Islamic Insurance Group Q.P.S.C. (QIIG) (Qatar). The outlook of these Credit Ratings (ra...
Date: May 21, 2026
Argenta Syndicate Management Hires Unit Head of Marine Reinsurance : Argenta Syndicate Management Ltd. has hired Simon Saunders to succeed Stephen Haynes as unit head marine reinsurance, effective July. Haynes will retire in January 2027. Saunders will be responsible for underwriting Ar...
Date: May 20, 2026
MS&AD Posts 13.8% Net Income Rise, Says Industry Must Respond to Dramatic Changes : MS&AD Insurance Group Holdings Inc.'s fiscal year net attributable income increased 13.8% to ¥787.34 billion ($4.94 billion). In light of societal, environmental and technological changes and risks, the company said the i...
Date: May 20, 2026
HDI Global Posts First-Quarter Profit Hike on Investments, Lower Losses : HDI Global AG posted higher first-quarter profit as the commercial and specialty insurer saw flat revenue and good investment income while reporting lower large losses. First-quarter net income rose to €152 million ($176....
Date: May 20, 2026
Axa XL Appoints Successor to Retiring Global CUO, Property : Axa XL appointed Laurent Richème to succeed Juergen Cherreck as global chief underwriting officer, property. Cherreck will retire in July after 21 years at the company. Richème has more than 25 years of experience in t...
Date: May 20, 2026
Bishop Street Promotes Exec to UK Underwriting Chief : Bishop Street Underwriters, a RedBird Capital Partners portfolio company, promoted John Inwood to U.K. chief underwriting officer, subject to regulatory approval. Inwood will oversee Bishop Street’s underwriting strategy...
Date: May 20, 2026
AM Best Affirms Credit Ratings of Coface SA’s Main Operating Subsidiaries : AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Compagnie française d’assurance pour le commerce extérieur (la Compagnie) (France), Coface Nor...
Date: May 20, 2026
Liberty Mutual Increases Majority Stake in India Joint Venture : Liberty Mutual Insurance said it has increased its majority stake in its Indian joint venture Liberty General Insurance Ltd. to 74%. "India presents a unique opportunity with its diversity, and growing demand for protecti...
Date: May 19, 2026
Starr Expands in Germany With Hamburg Office : Commercial lines underwriter Starr said it opened a new office in Hamburg, Germany as it expands in Germany and Europe. "The new location strengthens Starr's proximity to clients and broker partners across Northern German...
Date: May 19, 2026
Prudential Plc Acquires 75% Stake in India's Bharti Life : Prudential plc agreed to acquire a 75% stake in India's Bharti Life Insurance Co. Ltd. as part of a strategic repositioning of its India operations. The group is acquiring Bharti Life from Bharti Life Ventures Pvt Ltd. an...
Date: May 19, 2026
Best’s Market Segment Report: AM Best Revises Outlook on France’s Non-Life Insurance Segment to Stable from Negative, Reflecting Top-line Growth, Technical Profitability : AM Best has revised its outlook on France’s non-life insurance segment to stable from negative, reflecting top-line growth supported by rate increases, as well as technical profitability in spite of competitive pressures. I...
Date: May 19, 2026
HDI Global Appoints Operations Chief : HDI Global has appointed Thomas Kropp to succeed Thomas Kuhnt as chief operating officer and chief information officer, effective July 1. Kuhnt, has decided to step down from the executive board on June 30 at his own req...
Date: May 18, 2026
Odyssey Reinsurance Appoints Co-Chief Underwriting Officers for EMEA : Odyssey Reinsurance Co. appointed Tegwen Gromellon and Anne-Claire Serres as co-chief underwriting officers of its Europe, Middle East and Africa division, effective July 1. They succeed Gaël Le Païh, who is retiring lat...
Date: May 18, 2026
Markel Insurance Appoints Head of Global Development, Trade Credit, International : Markel Insurance, the insurance operation within Markel Group Inc., appointed Sebastian Rice to head of global development, trade credit, international, effective immediately. Rice will work closely with the global head o...
Date: May 18, 2026