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AXA XL, the property and casualty specialty risk division of AXA, has launched AXA XL Excess & Surplus Lines Insurance Company (AXA XL E&S), a dedicated legal entity focused exclusively on wholesale broker relationships. AXA XL E&S will operate alongside AXA XL’s existing entities and participate in the same AXA XL pool as Indian Harbor…
US-based insurer The Hartford has appointed Morris “Mo” Tooker as its next Chief Executive Officer (CEO), effective 1 March, 2027. Tooker will succeed Christopher Swift, who will transition to the role of Executive Chair of the Board, also effective 1 March, 2027. Additionally, Tooker will join the board, effective 1 October, 2026. Tooker has been…
Birgit Boykin has been appointed as Chief People Officer of Oliver Wyman and Marsh Management Consulting, effective October 1, 2026. In her new position, Boykin will work closely with leaders across Oliver Wyman and Marsh Management Consulting to build a global strategy for people that aligns with organisational growth and goals. Furthermore, she will lead…
Specialist managing general agent (MGA) Banyan Risk has announced the launch of Red Fox, a new specialist underwriting venture focused on wildfire-exposed property risk in the United States. The new venture will operate as part of the Banyan Risk platform, combining specialised underwriting capabilities across catastrophe, property, and excess and surplus (E&S) lines with Banyan’s…
MSIG USA, the US specialty insurance arm of the global MS&AD Insurance Group, has appointed Oscar Aguilar as Head of Excess and Surplus (E&S) Property. In his new role, Aguilar will lead the strategy and develop MSIG USA’s E&S property business, focused on disciplined underwriting, portfolio performance, and sustainable growth. He will also work closely…
Nearly half of insurance executives (44%) believe themselves to be in the top quartile for artificial intelligence (AI) transformation, despite limited business redesign, data readiness and measurable returns, a recent KPMG survey revealed. None of the respondents consider themselves significantly behind in AI transformation, according to the report, titled Unlocking AI value in insurance, yet…
VIG Re, the reinsurance arm of Vienna Insurance Group, has appointed Catrina Gemmerich to succeed Stephan Wirz as Member of the Board of Management and Chief Business Officer (CBO). She will take up the roles when Wirz’s term ends on 1 March 2027. Gemmerich’s leadership transition will take effect on the same date following a…
A new AM Best report has disclosed that additional credit risk is finding its way into the U.S. property and casualty (P&C) fronting segment through the involvement of unrated and unauthorised reinsurers, even as fronting arrangements by insurers continued to advance at a healthy rate in 2025. As a reminder, fronting refers to the use…
Aon, the global professional services firm, has published its latest assessment of the UK bulk annuity market, covering activity during the first half of 2026, reporting that the market remained active, with strong competition between providers and continued demand from pension schemes. According to Aon, UK bulk annuity transactions reached £10.2 billion in the first…
Willis, a WTW business, has announced the appointment of Andy Chang as Growth Leader within its global Direct & Facultative business. Based in Miami, Chang will report to Garret Gaughan, Global Head of Direct & Facultative at Willis. He will work across Willis’ global network to support the continued growth of its Direct & Facultative…