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.
International General Insurance Holdings saw a higher combined ratio as its gross written premiums remained flat in the first nine months of the year.
Tech giant Microsoft has fixed vulnerabilities discovered by Check Point Research in its Teams platform, which is used by 320m people monthly.
Conduit Holdings, the ultimate parent company of Conduit Re, has announced the appointment of Mr Stephen Postlewhite as CUO of the reinsurance business, effective 26 January 2026 and subject to Bermuda immigration approval.
Swiss Re has appointed Ms Yamin Gröninger as COO of its group digital and tech leadership team, effective 1 January 2026 and subject to regulatory approvals.
Lockton Re has appointed Mr Darsh Patel to lead transaction structuring and reserving analytics globally.