Shefi Ben-Hutta

1 week ago | coverager.com | Shefi Ben-Hutta

A.M. Best has upgraded the Financial Strength Rating of Forge Insurance  from B++ to A- and its Long-Term Issuer Credit Rating from “bbb+” to “a-”. Both ratings now carry a stable outlook. The move reflects improvements in Forge’s balance sheet and the execution of its long-term strategy. Forge, a commercial auto insurance specialist serving small business operators in select U.S. markets, is a wholly owned subsidiary of Forge Group, Inc. (OTC Pink: FIGP).

1 week ago | coverager.com | Shefi Ben-Hutta

Aflac disclosed that it identified suspicious activity on its U.S. network on June 12, 2025, prompting the company to activate its cyber response protocols. The intrusion was contained within hours, and no ransomware was involved. Business operations remain unaffected, including underwriting and claims handling. The attack, linked to a broader campaign targeting the insurance sector, involved social engineering tactics.

1 week ago | coverager.com | Shefi Ben-Hutta

Judging by its website, UNIQA Group is phasing out CHERRISK , its once-ambitious direct and digital brand. New policies are now issued through UNIQA’s main platform, while claims can still be filed on the CHERRISK website. CHERRISK was launched on September 17, 2018, by UNIQA’s Hungarian branch after four years of planning and a €4 million investment in CherryHub Kft.

1 week ago | coverager.com | Shefi Ben-Hutta

TAL , the Australian subsidiary of Dai-ichi Life Holdings, has agreed to acquire an additional 4.8% stake in Challenger , an annuities and fund management firm, for approximately AUD 247 million (~$160 million). The shares will be purchased from a fund managed by Apollo Global Management, subject to regulatory approval. Combined with a previously announced 15.1% acquisition from MS&AD, TAL will hold a 19.9% equity stake in Challenger and plans to apply equity-method accounting.

1 week ago | coverager.com | Shefi Ben-Hutta

CUBE , a global provider of automated regulatory intelligence and change management, has acquired Acin , a London-based RegTech focused on AI-powered operational risk for financial services. The deal adds Acin’s data-driven platform—which allows institutions to benchmark non-financial risk controls against anonymized peers—to CUBE’s compliance technology stack.