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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AM Best: Analytical Considerations for IFRS 17 Reporters Frequently Asked Questions : AM Best Senior Directors of Analytics Mathilde Jakobsen and Ghislain Le Cam discuss a recent Best's Commentary on AM Best’s analytical approach to IFRS 17 reporters. Following is an edited transcript of the interview. V...
Date: December 2, 2025
Lloyd's Exec Warns on Softening Casualty, Cyber Lines : Rates softened quicker than anticipated this year in areas such as casualty and cyber but trading conditions overall have been favorable in the Lloyd's market, said its chief of market performance. Lloyd's underwriters mu...
Date: December 1, 2025
Piraeus Bank Completes $695.7 Million Acquisition of Ethniki Insurance : Piraeus Bank S.A. said it has completed its €600 million ($695.7 million) acquisition of the parent of Greek multiline carrier Ethniki Insurance from CVC Capital Partners Fund VII and National Bank of Greece. It said Ethn...
Date: December 1, 2025
Beazley Executive Joins Miller as Head of Data : Broker Miller appointed Paul Lineham as head of data. In his new role, Lineham will work to further enhance the technological solutions the company brings to its clients, as well as help implement greater efficiencies an...
Date: December 1, 2025
Ariel Re Gets Lloyd's Final OK for Syndicate 2006 : Lloyd's has approved the creation and management of Ariel Re Syndicate 2006 by Ariel Re Managing Agency Ltd., the company said. The approval to underwrite is according to an agreed business plan for the 2026 year of accou...
Date: December 1, 2025
AM Best: Protectionist Policies Threaten Global Reinsurance Markets : Angela Yeo, head of analytics, and Mahesh Mistry, head of analytics, London, both of AM Best, said requirements forcing reinsurance in local markets are spreading from emerging to developed economies. Both spoke with AM Best ...
Date: December 1, 2025
AM Best: Insurance Failures Often Display Similar Warning Signs : Valeria Ermakova, associate director, and Stan Stoev, senior financial analyst, both of AM Best, say research across markets and segments shows consistent failure patterns, although the risk environment remains dynamic. They ...
Date: December 1, 2025
AM Best Comments on Credit Ratings of Through Transport Mutual Insurance Association Limited and Its Subsidiaries : AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its subsidia...
Date: December 1, 2025
Swiss Re Chief Economist: Re-Industrialization Brings Opportunities to P/C Insurers : Jérôme Jean Haegeli, group chief economist, Swiss Re, said data centers, infrastructure and supply-chain issues are opportunities for P/C insurers. Haegeli spoke with AM Best TV at AM Best's Europe Insurance Market & Methodol...
Date: November 26, 2025
Crowe Partner: Climate Risk Models Fall Short on Transition, Litigation Risks : Alex Hindson, partner and head of sustainability, Crowe UK, said models for transition and litigation risks don't exist, forcing reliance on scenario analysis. Hindson spoke with AM Best TV at AM Best's Europe Insurance Marke...
Date: November 26, 2025
Marsh UK Appoints Successor to Retiring CEO : Marsh, a business of Marsh McLennan, appointed James Addington-Smith to succeed Chris Lay as chief executive officer of Marsh UK, effective early 2026, subject to regulatory approval. Lay will retire from the firm in the ...
Date: November 26, 2025
AM Best: Insurers Adjust Investment Strategies to Navigate Interest Rate Uncertainty : Tim Prince and Eli Sanchez, both directors of analytics at AM Best, said rated insurers are rebalancing investment portfolios. They spoke with AM Best TV at AM Best's Europe Insurance Market & Methodology Briefings – London. ...
Date: November 26, 2025
AM Best: Insurance Credit Quality Improves for Second Year : Greg Carter, managing director, analytics, AM Best, said higher interest rates helped insurers' investment returns and profit retention. Carter spoke with AM Best TV at AM Best's Europe Insurance Market & Methodology Briefing...
Date: November 26, 2025
K2 Rubicon Launches $50 Million Ukraine Marine War Facility : K2 Rubicon Specialty launched a $50 million marine war-on-land facility to provide Lloyd's capacity in Ukraine. Called Sentinel, the import facility "is a data-driven solution led by QBE and supported by a panel of Lloyd'...
Date: November 26, 2025
Africa Specialty Risks Launches Lloyd's Syndicate for Southern Africa Markets : Africa Specialty Risks said it launched Lloyd's Syndicate 2454 to underwrite risks in South Africa and neighboring countries. The syndicate will provide capacity to local market across bespoke specialty lines, ASR said in...
Date: November 26, 2025
Financial Stability Board Adds Four Firms to Insurer Resolution Standards List : The Financial Stability Board added three Switzerland-based companies and a Netherlands insurer to its list of insurers subject to resolution planning standards. The list now includes 17 insurers, up from 13 a year ago, t...
Date: November 26, 2025
AM Best Upgrades Issuer Credit Rating of Group Ark Insurance Limited : AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Group Ark Insurance Limited (GAIL) (Bermuda...
Date: November 26, 2025
QBE Re Appoints Axa XL Exec as Global Head of Structured Reinsurance : QBE Re appointed Robert Turner as global head of structured reinsurance as part of the global reinsurer’s strategy to expand into structured reinsurance. Turner will drive broker and cedent engagement, ensuring QBE Re ca...
Date: November 25, 2025
Vienna Insurance Group Profit Rises 31%; Nürnberger Combination Set for 2026 : Vienna Insurance Group posted higher nine-month pretax profit on growth and lower weather-related losses as the group reported progress in its acquisition of Germany's Nürnberger Beteiligungs AG. The group is expecting "a...
Date: November 25, 2025
AM Best Affirms Credit Ratings of Saturn Insurance Inc. : AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Saturn Insurance Inc. (Saturn) (Burlington, VT). Saturn is a captive insurer of BP p.l.c. (bp)...
Date: November 25, 2025