Rising temperatures are putting increasing pressure on Switzerland’s established capacity to manage natural disasters, according to findings released by Zurich-based global reinsurance group Swiss Re through its Swiss Re Institute. The company noted that Switzerland already benefits from strong protection against events such as floods and storms, supported by prevention strategies, strict building standards, forward…

AXA XL, AXA’s property, casualty and special risks division, announced the appointment of Nicoletta George as global chief underwriting officer (CUO) for general liability. According to AXA XL, in his new role, George will work closely with the company’s global casualty team to support portfolio strategy design and management, market cycle management and the continued…

Howden Re, the reinsurance arm of Howden Brokerage Group, has strengthened its market capabilities in China with the appointment of three senior officers in the treaty, retrocession and agricultural sectors, all based in Hong Kong. Houqin Zhu joins as Managing Director, Head of China Treaty; Mike Xin joins as Managing Director, Head of Agriculture, Asia…

Fortium Insurance Company Ltd., a new professional start-up company in Bermuda, has received a Preliminary Credit Assessment (PCA) from AM Best, a Financial Strength Assessment of A- pca (Excellent), and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). PCA’s outlook is also stable, reflecting Fortium’s balance sheet strength, which AM Best assesses as very…

Crawford & Company, an independent provider of claims management and outsourcing solutions, has announced a leadership transition across its Middle East operations, with the appointment of new senior executives in the United Arab Emirates. As part of its continued regional growth, the company is managing the planned retirement of its Middle East regional director and…

Lloyds global specialist reinsurer MS Amlin has announced that it will join the Natural Disasters Fund (NDF) as a commercial capacity partner. The NDF is managed by Global Parametrics, a subsidiary of the CelestePro Group, and funded by commitments from the UK Government’s Foreign, Commonwealth and Development Office (FCDO) and KfW (KfW) on behalf of…

Florida-based insurance brokerage King Risk Partners has officially launched its transportation business, expanding its expertise under the leadership of Matt Hoover, who has been named transportation placement specialist. The move reflects the broker’s broader strategy to build deep, scalable expertise in key industry verticals. King Risk explained that the launch is part of a larger…

Ryan Turner Specialty (RT Specialty), the wholesale brokerage arm of Ryan Specialty, has appointed Brendan Mulshine as its new chief executive officer (CEO), effective August 1, 2026. Mulshine currently serves as co-president of Ryan Specialty, a role he will continue to serve in addition to his new responsibilities. He will work closely with leadership to…

Just after 6 pm local time on Wednesday, the Venezuelan capital was hit by a foreshock measuring 7.2 on the Richter scale, followed 39 seconds later by a larger mainshock measuring M7.5. The United States Geological Survey (USGS) predicted a 44% chance of more than 10,000 deaths and a 45% chance of economic losses exceeding…

AXA XL, the property, casualty and professional risks division of AXA Group, has announced the appointment of Samantha Wotton as head of UK policyholder development, based in London. In her new role, Wotton will be responsible for creating, implementing and overseeing AXA XL’s commercial strategy and engagement framework for UK underwriter relationships, and identifying opportunities…