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AXA XL Reinsurance, part of AXA XL, the property, casualty and specialty risk division of global insurance group AXA, has appointed Stephen Barnard and Callum Higgins as Senior Underwriters in its Marine & Energy Reinsurance team. Barnard officially joined AXA XL Re on 10 August 2026, bringing 12 years of Lloyd’s underwriting experience across Marine…
Tom Ault has succeeded Amy Ellison as Chief Executive Officer of Legal & General Reinsurance, the international reinsurance business of Legal & General Group. Ellison, who served as Chief Executive Officer of L&G Re since 2021, will return to London to take up the role of Chief Internal Auditor for L&G. Ault joined L&G Re…
Game Of Thrones creator George R R Martin has updated his personal blog, named Not A Blog, after months without posting. The emotional entry – his first since February 19 – begins, “This year has been… stressful, to say the least. So much has been happening, it’s been overwhelming. “Some great things, exciting things. Dreams…
Credit insurer Coface has reported its first-half 2026 results, with revenue of €939 million, net income of €107.8 million and a combined ratio after reinsurance of 71.3%. For Q2 2026, revenue increased to €474.2 million, while net income decreased to €54.2 million. The combined ratio stood at 72.4%, an improvement of 1.6 ppt year-on-year. First-half…
A new AM Best report has warned that the global reinsurance segment is at a “critical inflection point”, with strong earnings since 2023 pushing capital to record levels and intensifying competition, particularly in property, raising questions over whether underwriting discipline will hold or irrational competition will emerge, leading to another traditional soft market cycle. The…
Kingstone has announced its financial results for the second quarter of 2026, reporting net income of $15.5 million, a record, and marking the “most profitable quarter in the company’s history,” according to the company’s President & CFO, Meryl Golden. Net premiums earned rose 30.8% as premiums from Kingstone’s reduced quota share continue to earn in,…
Accredited Insurance (Europe) Limited (Accredited) and Hellenic Hull Management (HM Insurance Agencies) Ltd (Hellenic Hull) have entered into a delegated authority partnership covering Hull & Machinery, ancillary marine risks and Marine Cargo. Hellenic Hull is a marine insurance management company specialising in Hull & Machinery coverage for all types of vessels. The company has been…
President Donald Trump on Sunday once again blamed vandalism for the botched renovation of the Lincoln Memorial Reflecting Pool – but also made a startling confession about the evidence. Or, rather, the lack of evidence. “There was substantial other damage to the Reflecting Pool, also but, unfortunately, there is no video or proof, other than…
REVO Insurance S.p.A., an Italian speciality non-life insurer, has announced the submission of a binding offer to acquire Luxembourg-based Eurocaution S.A. in a transaction valued at up to €22 million. Eurocaution specialises in insurance intermediation and surety underwriting, operating across Luxembourg and Belgium. REVO Insurance said the proposed acquisition is subject to the negotiation and…
International law firm DAC Beachcroft has bolstered its Cyber and Data Risk practice with the appointment of three specialist cyber partners: Richard Breavington, Rachel Ford, and Daniel Guilfoyle. The trio joins from RPC where they were partners in its Cyber & Technology Insurance team, led by Breavington. All three partners bring extensive experience of advising…