Lockton Re has appointed Mr Mozum Khan as Global Head of Property Innovation and Solutions. He will be based in Dubai.
Allianz Trade has announced a change in management within its specialty credit and midterm line of business. Mr William Whittington, previously head of region, specialty credit and midterm at Allianz Trade, has become global head of specialty credit and midterm.
Conduit Holdings, the ultimate parent company of Conduit Re, has announced the appointment of Mr Nicholas Shott as non-executive director.
A new report by the International Association of Insurance Supervisors (IAIS) examines the potential financial stability implications of natural catastrophe insurance protection gaps.
Japan-based insurer Tokio Marine Holdings has completed its acquisition of Ignyte Insurance's US collector vehicle insurance agency, the firm announced in a 4 November press release. The transaction was executed through its wholly owned subsidiary, Philadelphia Insurance Companies (PHLY), for $615m.
Nearly two-thirds of individuals believe that agentic artificial intelligence (AI) will play a supportive role in the insurance industry, with humans still in the background, whilst 18.4% think it will replace human agents and the remaining 17.3% believe that AI will play a minimal role and human interaction is essential.
SSP has appointed Mr Stuart Redfearn as managing director - insurer. He is a broadly credentialed IT and management leader who joined SSP in 2018.
Multinational insurer AIG's combined ratio has improved as its general insurance underwriting income soared, the company announced in a press release.