China's asset management industry surges past $20.55tn, insurance and mutual funds each exceed $4.11tn

Published on August 8, 2025
China's asset management sector has reached a milestone, with total assets under management (AUM) surpassing CNY150tn($20.55tn) in 2024, according to the "2025 China Asset Management Development
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Increasing number of insurers outsource investment management, reports AM Best

August 7, 2025
A recent report issued by AM Best, the credit rating agency, highlights a growing trend in the insurance sector: more insurers are turning to third-party asset managers to oversee their investment portfolios, with the US life/annuity segment showing the most significant activity.According to AM Best, this shift is particularly evident among mid-sized life and health insurers, which increasingly re

Gallagher Re appoints Dave Brune as EVP, Program Solutions

August 8, 2025
Gallagher Re, a reinsurance broker and advisor, has recently announced the appointment of Dave Brune as Executive Vice President (EVP) within its Program Solutions division.In this role, Brune will be responsible for shaping and executing the firm’s North American programs strategy.He will focus on delivering efficient solutions to insurance carriers and Managing General Agents (MGAs).His efforts