Congratulations to these top-tier members of the business community for their long-standing contributions to our islands.

In the current economic climate, companies on Guam and in the Northern Mariana Islands are proud to show their success and longevity in serving the people of our islands. Guam Business Magazine presents outstanding companies that are doing business in Micronesia celebrating important milestones in 2024. Through inspiration and dedication, each of them has managed to stay on course in a region that has seen more than its fair share of challenges for decades.

These leaders in their fields have ensured quality and reliability to consumers and businesses alike and have given back to the communities in which they do business, setting an example for others to follow. Guam Business is privileged to honor these companies' milestones and brings readers a special Corporate Anniversaries feature with a closer look at their endeavors.

AM Insurance

Celebrating 30 years of forging meaningful relationships

What had started as a sole proprietorship of just a handful of people working out of a garage in January 1994, to incorporating two years later in June 1996 has grown into one of Guam’s and the Northern Mariana Islands top firms. AM Insurance Inc. is celebrating its 30th anniversary this year.

An insurance brokerage, AMI provides services to individuals, businesses, government entities, religious organizations, and non-profit organizations. The types of policies overseen by AMI include motor vehicle, home, life, liability, property, and crime. Over the years, its managed dossier of accounts has totaled more than $10 million. AMI is also Guam’s and the NMI’s leading broker for commercial and excess surplus lines.

As a brokerage, AMI’s goal is to connect clients to local or international insurance providers as well as provide appropriate recommendations based on their needs. In addition to this, the firm also provides account management services and claims assistance.

AMI is managed by Annmarie T. Muna, the firm’s president and general manager, who founded the brokerage and operates today with a staff of 25 full time, part time, and contracted employees. Muna manages the firm with Rodney Rankin, vice president of business development, Tricia Granillo, vice president of government accounts/marketing, Juan Muna, vice president of insurance services, Antonita O. Blas, vice president of administrative services, and Jennifer Muna Aguon, vice president of IT/special projects.

The brokerage started in 1994 in the garage of Muna’s parents home, with seed money from her colleague, Ikushi Harada, from where it won its first government account. That year also saw AMI partnering with Lloyd’s of London to provide excess and surplus lines insurance coverage. The next year the company expanded, moving to Muna’s studio office in her home and adding another two employees to the growing firm until 1997, where the firm moved into the J&G Commercial Center in Hagatna, where it is located today.

A core philosophy of AMI is building successful relationships with their clients and really understanding their needs. The company takes a personalized approach with each account they manage and offer tailored solutions to meet their unique needs. “Our success also came from something simple - our ability to truly understand both sides - client’s needs and the complexities of the insurance market. We understood what our customers needed and put all our energy into delivering it,” Muna says.

AMI is always looking for new ways to help clients. Today, it is exploring solutions that take advantage of the latest technology. “Businesses are looking for smarter, more efficient ways to operate, and we’re looking into solutions that take advantage of the latest technology,” the management team said. Additionally, the company plans on building alternate market resources and access to provide more solutions for their current and future clients.

Through the years, AMI credits the community, its partners, and its clients with the success the firm sees today. “As we celebrate this special moment, we want to send a heartfelt thank you to our community, partners, and clients. Your support has meant everything to us, and we couldn’t have gotten here without you. Looking to the future, we’re more excited than ever to keep growing together. Our mission stays the same: adapt-improvise-overcome, continue delivering the best we can, and always be there for the people who’ve helped us along the way,” the management team said.