Saudi Arabia: Tawuniya plans to launch a reinsurance company

Published on November 6, 2025
The Company for Cooperative Insurance (Tawuniya) plans to launch a reinsurance company by the end of 2025, pending key approvals from regulatory and supervisory authorities, revealed Tawuniya CEO
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Hippo reports net income of $98m for Q3’25, up from net loss of $9m last year

November 5, 2025
Home insurance firm Hippo reported net income of $98 million for the third quarter of 2025, compared to a net loss of $9 million last year, driven by a $91 million net gain on the sale of the homebuilder distribution network and improved underwriting results.For the quarter, Hippo’s adjusted net income is $18 million, compared to a $1 million net adjusted loss in Q3 of last year.This was supported

Legal & General secures £96m pension buy-in for Cosworth Racing Limited Fund

November 6, 2025
Legal & General Assurance Society Limited (L&G), a subsidiary of Legal & General Group plc and a UK financial services provider, has completed a £96 million buy-in with the Cosworth Racing Limited Pension Fund, with the transaction securing the pension benefits of more than 1,000 retired and deferred members.The Fund is sponsored by Ford Motor Company Limited and is managed by PAN Trustees UK LLP,