Capgemini report finds physical AI expected to scale within five years despite deployment barriers
Capgemini Research, the research arm of Capgemini, released the report Physical AI: Taking human-machine collaboration to the next level, Examine how advances in artificial intelligence are shaping robotics and the potential business value they may generate. The report describes physical AI as the transition from traditional automation to systems capable of acting autonomously in real-world…
Beazley plans new Marine War insurance consortium to expand market capacity
Major specialist insurer Beazley has announced plans to establish a new naval warfare insurance alliance aimed at increasing the cover available within the market. The program is expected to provide up to $1 billion in funding for Lloyds, split equally between hull war risk and cargo war risk. The product is designed to complement rather…
Marsh CEO Doyle ‘pleased’ with Guy Carpenter’s execution in Q1’26 in spite of headwinds
John Doyle, president and CEO of global insurance and reinsurance brokerage group Marsh, said today that while 2026 is unlikely to be Guy Carpenter’s fastest-growing year, he was “pleased” with the reinsurance brokerage’s first-quarter execution despite current headwinds. Guy Carpenter Revenue for the first quarter of 2026 was $1.2 billion, up 3% year over year…
Daniel England to serve as Aon’s Head of Casualty Treaty, APAC for Reinsurance
Insurance and reinsurance broker Aon has appointed Daniel England as head of casualty treaties for Reinsurance Solutions Asia Pacific (APAC). In his new role, England will drive collaboration across the broker’s casualty business in Asia Pacific to help clients make better decisions to manage volatility, protect downside risk and diversify their portfolios. Aon explained that…
Catastrophe bond issuance hits $6.7bn in Q1’26 after record 2025: Artemis
According to Artemis, issuance of catastrophe bonds and related insurance-linked securities (ILS) reached $6.7 billion in the first quarter of 2026, with 35 repeat sponsors and three first-time sponsors entering the market in the first quarter, setting a record number of transactions. Artemis’ first quarter 2026 Cat Bond and related ILS market report is now…
Rare Earth announces several leadership appointments
Rare Earth Insurance Partners, a member of the +8 Partners global insurance ecosystem, has announced multiple promotions and new positions within its leadership team. Headquartered in Hong Kong with offices in Shanghai, Taiwan and the United Kingdom, Rare Earth is an independent wholesale insurance broker providing competitive commercial insurance products and expertise to retail brokers…
AXA XL Re appoints Tara Smith-Eckert as Head of Claims, NA, Reinsurance
AXA XL Reinsurance has announced the appointment of Tara Smith-Eckert as Head of Reinsurance Claims, North America, effective May 1, 2026. In her new role, Smith-Eckert will be responsible for leading claims operations in North America and Bermuda and continuing to focus on delivering efficient, high-quality claims services. With nearly two decades of professional experience,…
Travelers begins 2026 with $1.7bn profit surge on lower cat losses
The Travelers Companies, Inc. reported first-quarter 2026 net income of $1.711 billion, up from $395 million in the same period in 2025 due to lower catastrophe losses and higher net investment income. Travelers’ core revenue for the first quarter of 2026 was $1.696 billion, a significant increase of $1.253 billion from the first quarter of…
Guy Carpenter’s revenue rises 3% in Q1’26 as Marsh reports consolidated revenue of $7.6bn
Global reinsurance broker Guy Carpenter reported revenue of $1.2 billion in the first quarter of 2026, up 3% year-on-year and up 2% on a year-on-year basis, supporting a strong start for brokerage group Marsh. Groupwide, insurance and reinsurance broker Marsh reported consolidated revenue of $7.6 billion in the first quarter of 2026, up 8% year-on-year…
Fitch observes rising regulatory scrutiny of private credit in US and UK insurance markets
U.S. and British regulators are increasing scrutiny of insurers’ exposure to private credit and other alternative assets, Fitch Ratings said in its update on global insurance regulatory developments. The shift reflects broader concerns among prudential regulators about the rapid growth of private markets and the increasing complexity of insurers’ investment allocations. Regulators in multiple jurisdictions…
