AM Best, the credit rating agency, has issued a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to HDI Global UK Limited, a United Kingdom-based subsidiary of HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.), with both ratings accompanied by a stable outlook. The assigned ratings reflect HDI […] The post AM Best assigns A+ (Superior) ratings with stable outlook to HDI Global UK appeared first on ReinsuranceNe.ws.

1B Insurance AG, a provider of embedded insurance for digital asset platforms based in Switzerland, has announced the appointment of John Morley as Chief Executive Officer (CEO), effective immediately. Morley brings deep expertise in developing innovative insurance products and data-driven business models to his new role, having most recently served as APAC CEO for Aon’s […] The post 1B Insurance hires Aon’s John Morley as CEO appeared first on ReinsuranceNe.ws.

Applied Systems has released the second quarter of 2025 results of the Applied Rating Index, the Canadian insurance industry’s premium rate index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both Personal Auto and Personal Property lines. In Q2’25, Personal Auto premium rate change increased 14.9% compared to Q2’24. Quarter-over-quarter, average rates […] The post Canadian Personal Auto & Property premium rates continued to rise in Q2’25 appeared first on ReinsuranceNe.ws.

Sands Point Risk, a multi-program MGA platform backed by Avesi Partners, has announced its acquisition of BRM Specialty Markets, a Philadelphia-based Medical Stop Loss Managing General Underwriter. The acquisition marks a significant milestone for both companies as they combine their strengths to deliver high-impact solutions across the insurance industry. BRM will benefit from Sands Point’s […] The post Sands Point Risk acquires Medical Stop Loss MGU BRM Specialty Markets appeared first on ReinsuranceNe.ws.

The California Department of Insurance (CDI) has completed its review of the Verisk Wildfire Model for the US, approving it for use by insurers in assessing wildfire risk and property insurance ratemaking—marking it as the first catastrophe model to successfully complete evaluation under the state’s new regulatory framework. This marks a milestone in California’s evolving […] The post CDI completes review of Verisk’s wildfire model to help address California’s coverage crisis appeared first on ReinsuranceNe.ws.