AXA XL, the P&C and specialty risk division of Paris-headquartered AXA Group, has reported a EUR100m ($115.4m) loss related to the Middle East for the first half of this year.
Natural hazard risk is increasingly shaping capital allocation across financial markets. With insurance capacity tightening and physical risks becoming more financially significant, investors will increasingly face these exposures across a wide range of asset classes.
Tokio Marine HCC International (TMHCCI) has promoted Ms Gülsah Dagdelen to the role of Head of Cyber - International.
Liberty Mutual Reinsurance Group (LM Re), part of Liberty Mutual Insurance Group, has promoted Mr Tom Spurgeon to the role of Global Head of Cyber Reinsurance.
MS Amlin has appointed Ms Laura Hobern as Chief Actuary, effective 4Q2026 and subject to regulatory approval.
Aon delivered another quarter of strong performance, including 2% total revenue growth, 5% organic revenue growth and operating margin expansion.
Following the appointment of Mr Christian Howells as Head of Life Reinsurance, Willis Re has launched its Global Life Reinsurance Practice. Mr Howells leads the practice.