TIPS24

[ad_1] Global insurer American International Group, Inc. (AIG) has announced the appointment of Scott Hallworth as Chief Digital Officer, effective September 1. Based in New York, Hallworth will joinf AIG’s Executive Leadership Team. He will initially report to Claude Wade, the current Executive Vice President, Chief Digital Officer and Global Head of Business Operations & … Read more

[ad_1] Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that regulatory restrictions on foreign assets have limited domestic reinsurers’ growth abroad, in addition to the approaching 2026 elections. Despite … Read more

[ad_1] Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a wholly owned subsidiary of the China Disaster Prevention Association, and Guangzhou Ruiling Intelligent Technology Co., Ltd., a provider of intelligent … Read more

[ad_1] New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world’s largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024 figures. AM Best now ranks the top 50 global reinsurers in two … Read more

[ad_1] According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past two years. Patria is the largest by net premiums written and, like Ocean … Read more

[ad_1] Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, client-centric reinsurance platform in and for the Hong Kong market. In her new role, Wong will … Read more

[ad_1] Acquinex, the specialist financial lines managing general agent (MGA), has strengthened its leadership team with the appointment of Josh Cowen as Chief Executive Officer (CEO). This appointment follows that of both co-founders, Chris Jackson and Chris Thompson, moving into new roles within PIB Group, Acquinex’s parent since 2021. In the new role, Cowen will … Read more

[ad_1] AM Best, a credit rating agency focused on the insurance industry, has upgraded the credit ratings of Millî Reasürans Türk Anonim Şirketi (Milli Re), a Türkiye-based reinsurance company. The Financial Strength Rating (FSR) has been raised from C+ (Marginal) to C++ (Marginal), and the Long-Term Issuer Credit Rating (Long-Term ICR) has been upgraded from … Read more

[ad_1] Front 3/4 sketch of the 2025 Buick Enclave. In this week’s Ask Nathan: What’s going on with Buick? Hyundai Kona Turbo vs Mazda CX30 Turbo… which is best for the buck? This week’s first question comes from a fan who is worried about Buick. Q: RE: I think Buick is in trouble. Hi Nathan. Thanks … Read more

[ad_1] Ford once again shows off the Bronco and Bronco Sport’s customization options with new project vehicles. For years, Silver Lake Sand Dunes in Michigan has been a crucial place for Ford to test its new off-road vehicles, from the berserk F-150 Raptor R to the resurrected Bronco SUV, as well as its smaller Bronco … Read more

[ad_1] Ivans, a division of Applied Systems, has released the July 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over month, General Liability, Umbrella, and Workers’ Compensation experienced increases in premium renewal rates, while Commercial Auto, … Read more

[ad_1] Equitable Holdings, a financial services company specialising in retirement, wealth management, and protection solutions, has recently announced that it has completed a major strategic transaction aimed at substantially reducing its exposure to mortality-related risk. On July 31, the company finalised a reinsurance agreement with Reinsurance Group of America (RGA), which is expected to reduce … Read more

[ad_1] Global dedicated reinsurance capital is projected to climb to an unprecedented $649 billion in 2025, according to estimates from AM Best and Guy Carpenter. As readers will see from the image below, the anticipated 2025 figure would surpass the previous peak of $607 billion recorded in 2024 and mark a sharp rebound from the … Read more

[ad_1] Jolee Crosby, CEO of Reinsurance Canada at Swiss Re, highlights the urgent need for the insurance industry to respond to the increasing financial impact of secondary natural hazards in Canada. As the country faces a rise in costly floods, wildfires, hailstorms, and post-tropical storms, traditional modelling alone is no longer sufficient to manage risk … Read more

[ad_1] (Images: Infiniti) Are you ready for a coupe-fied successor to the Infiniti FX and QX70? You’re looking at it. Over the past couple years, Infiniti has been stepping up its game in styling its latest SUVs. The midsize QX60 is a massive improvement over the old car, as is the full-size QX80 SUV. The … Read more

[ad_1] Global insurer Chubb has announced the appointment of Kim Hare as Senior Vice President (SVP), Head of North America Property Claims, effective August 18th, 2025. Hare will succeed Tim Barziza, who will retire next April after more than three decades in the insurance industry, including 22 years at Chubb. During his tenure, Barziza held … Read more

[ad_1] Lexus just showed off a phenomenal looking supercar concept at The Quail. Holy concepts, Batman! Virtually every luxury or sports car automaker is coming out of the woodwork with a concept for Monterey Car Week, and boy does Lexus have a good one: the Sport Concept. Okay, maybe it’s not the most evocative name … Read more

[ad_1] Dragos Inc., a company specialising in cybersecurity for operational technology (OT) environments, has released its 2025 OT Security Financial Risk Report, produced with Marsh McLennan’s Cyber Risk Intelligence Center. The report applies statistical modelling to estimate the financial impact of OT cyber incidents and evaluate the effectiveness of selected security controls. It is intended … Read more

[ad_1] Sapiens International Corporation, a global provider of software solutions for the insurance industry, and Earnix, an AI Platform for insurance providers, have partnered to enhance operational efficiency for P&C Insurers in Europe, the Middle East and Africa (EMEA) and Asia–Pacific (APAC). This collaboration has introduced the Earnix Price-It Connector for Sapiens IDITSuite for the … Read more