[ad_1] (Images: TFL Studios | Zach Butler) Pros Cons ✓ Distinctive styling ☓ Can we lose the DCT, please? ✓ Potent turbocharged engine ☓ X-Pro only in the top-spec $48K trim ✓ Well-equipped interior ✓ Comfortable, compliant ride 2025 Kia Sorento X-Pro SX Prestige Overview: There’s a lot to like You can’t take five steps … Read more
[ad_1] The US property and casualty (P&C) insurance sector is projected to remain profitable for the next several years, driven mainly by a rapid turnaround in the private auto sector in 2024, according to a recent S&P report. Rating agency S&P’s Global Market Intelligence 2025 US Property and Casualty (P&C) Insurance Market Report projects a … Read more
[ad_1] Pivix Specialty Insurance Services, an excess and surplus (E&S) focused MGA, has announced the launch of a brokerage division led by Michael Gramm. Pivix, founded in September 2024 by industry veteran Mike Miller, entered the market with a contract binding program targeting small commercial property and general liability risks. All products are written on … Read more
[ad_1] As the overall size of the reinsurance market continues to expand, projected to reach a new high of $649 billion at year-end 2025, market concentration has gradually declined as capital deployment becomes more diversified across the sector, AM Best has revealed. According to the rating agency’s “Global Reinsurance Market Report”, this trend has been … Read more
[ad_1] HDI Global, a commercial and specialty lines insurer, reported insurance revenue of €5.1 billion for the first half of 2025, an 8% increase from €4.8 billion in the same period last year. The company said its revenue and net income growth in H1’25 was driven by growth in new business across all lines. The … Read more
[ad_1] Atradius UK, a provider of trade credit insurance, surety, and collections services worldwide, has launched a dedicated Surety branch, expanding its ability to deliver bonds and guarantees to businesses across the UK. This reinforces Atradius’s established UK market position and underscores its commitment to providing comprehensive risk management solutions for companies of all sizes. … Read more
[ad_1] Aon, a professional services firm specialising in risk, retirement, and health solutions, has reported that the UK bulk annuity market remained active in the first half of 2025, despite a modest slowdown in overall volumes compared with the latter half of 2024. According to Aon’s Insurer Due Diligence team, the market saw 137 confirmed … Read more
[ad_1] AM Best has noted that life protection reinsurance, driven largely by the US market, has been a key element of the European Big Four reinsurers’ risk profiles, providing diversification and earnings stability, with typical margins of 5%–10%. “This reduces the volatility inherent in reinsurers’ earnings, providing some offset against the more volatile P&C portfolio,” … Read more
[ad_1] Global reinsurer Swiss Re has appointed Robin Spencer as Chief Operating Officer (COO) for its Life & Health Reinsurance (L&H Re) business unit, effective 1st September 2025. Based in London, Spencer will oversee Swiss Re’s global L&H Re operations, focusing on strengthening service delivery, enhancing operational efficiency, and aligning his team’s capabilities with business … Read more
[ad_1] MSIG USA, a specialty commercial insurance provider, has appointed Hank Kinne to lead distribution efforts across the Mountain and South Central states, reporting directly to Joseph Fitzpatrick, MSIG USA’s Head of Distribution. Kinne brings over 30 years of experience in the insurance sector, covering underwriting, account management, and senior leadership roles. He has held … Read more
[ad_1] S&P Global Ratings has assigned an ‘A-‘ local currency long-term issuer credit and financial strength rating to Liberty Insurance Co. Ltd. (Liberty China), the China-based underwriting entity of Liberty Mutual Group Inc. The outlook is stable. S&P said the rating reflects Liberty China’s strategic importance to its US-based parent, underlining the subsidiary’s role in … Read more
[ad_1] Global law firm Smith, Gambrell & Russell, LLP, has appointed UK-qualified dispute resolution partner, Simon Kilgour, to its London team. Opened in 2017, the firm’s London and Southampton offices house a robust global transportation practice comprising experienced practitioners in the UK working collaboratively with lawyers situated across several of US offices. This appointment marks … Read more
[ad_1] Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State’s Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones. The filing is the first to use the recently reviewed Verisk Wildfire catastrophe model, which helps estimate the impact of … Read more
[ad_1] Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insurance industry. He joined BHSI in July 2020 as Manager of National Property, UK. Prior to BHSI, … Read more
[ad_1] Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of US insurance broker AssuredPartners. In December 2024, Gallagher entered into a definitive agreement to acquire AssuredPartners from GTCR for a total consideration of $13.45 billion. The transaction is reportedly the largest sale of a U.S. insurance broker to … Read more
[ad_1] Aon has invested in eMed Population Health, a provider of GLP-1 programs, to expand employer-sponsored access to GLP-1 therapies and scale obesity treatment solutions. For those unaware, GLP-1 (glucagon-like peptide-1) is a hormone that helps regulate blood sugar and appetite, and GLP-1 drugs mimic its effects to aid in diabetes management and weight loss. … Read more
[ad_1] Swiss Re has appointed Kay Scholz as its new Head of Credit & Surety Reinsurance, effective 1st January 2026, succeeding Martin Pfister, who will assume the newly created role of Head of PRI and Structured Trade Credit Reinsurance. Scholz has spent the past 18 years at R+V Re in various senior positions, most recently … Read more
[ad_1] Ford brought a custom Bronco concept to the public to celebrate the SUV’s six-decade history. Back in the 1960s, automakers were just creating the early examples of what would go on to become icons in their own right. We had the Scout, we had the Wagoneer, and we had the Ford Bronco, just to … Read more
[ad_1] Elevate Specialty, a new managing general agent (MGA), has officially launched, entering the UK market with a mission to transform embedded and specialty insurance. The company aims to help make protection a seamless part of customers’ lives, moving away from outdated legacy models that “often deliver poor customer experiences and stifle innovation.” Elevate Specialty … Read more
[ad_1] Reinsurance Group of America, Incorporated (RGA), an international life and health reinsurer, has completed an asset-intensive reinsurance arrangement with Allianz Suisse Versicherungs-Gesellschaft AG. The agreement transfers market and insurance risks associated with US $350 million in Swiss disability annuity obligations. This marks the first arrangement of its type in Switzerland and is intended to … Read more