Indonesia: 2 of 41 takaful windows complete spin-off of Islamic insurance operations

Published on November 1, 2024
The Financial Services Authority (OJK) has disclosed that two insurance companies have completed the spin-off of their takaful windows or Shariah Business Unit (UUS) as of 31 October 2024, more than
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Marsh names Lang Digital Leader, Marsh Specialty and Global Placement

November 1, 2024
Marsh, insurance broker and risk advisor and a business of Marsh McLennan, has announced the appointment of Christopher Lang as Digital Leader, Marsh Specialty and Global Placement, a newly created role, effective November 1.Based in New York and reporting to Pat Donnelly, President, Marsh Specialty and Global Placement, Lang will lead Marsh’s digital strategy for global insurance placement, aimin

Tiptree posts $12m net income in Q3’24 driven by growth in insurance business

November 1, 2024
Holding company Tiptree has reported a net income of $11.9 million for the third quarter of 2024, up from $2.2 million in Q3 2023, driven by growth in its insurance business.Adjusted net income reached $27.9 million, a 55.9% increase from $17.9 million in Q3 2023, due to higher insurance revenues and a stable combined ratio.Total revenues for the quarter were $494.4 million, an 18.7% year-over-yea