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Allstate Corporation expects catastrophe losses in May 2026 to be $289 million before tax ($228 million after tax), with catastrophe losses in April and May totaling $1.16 billion before tax ($915 million after tax). Catastrophe losses in May 2026 slowed significantly from April, which saw losses of $870 million ($687 million after tax), including 10…

MSIG USA, the U.S. insurance arm of global insurer MS&AD Insurance Group Holdings Inc., has appointed Phillip Rhodes as head of global insurance programs. In his new role, Rhodes will lead the insurer’s global insurance program strategy and development efforts, enhancing solutions and services for its international business clients. He has more than two decades…

U.K.-based pensions and financial services consultancy Hymans Robertson said it expected increased innovation by insurers, leading to a faster winding down of the Bundesbank pension scheme following the risk transfer deal. In a recent paper, Hymans Robertson argued that insurer-led data and GMP efforts, investments in digital capabilities and improved processes are shortening the post-deal…

France-based global reinsurer SCOR has revealed that Marie Biggas has been appointed interim deputy chief executive officer (CEO) of SCOR Business Solutions and will take up the full role on January 1, 2027. Biggas currently serves as global chief underwriting officer (CUO) for SCOR Business Solutions and Cedant Fac. Once she transitions into the role…

New analysis from insurance company MS Amlin shows there is a 27% chance of at least one Category 4 or 5 hurricane making landfall in the 2026 season, down from 39% a year ago as strengthening El Niño dampens Atlantic storm activity. “The likelihood of a Category 4 or 5 hurricane making landfall in the…

AXA XL, AXA’s property, casualty and specialty risks division, has appointed Jeanmarie Giordano as global chief underwriting officer, succeeding Libby Benet, who has been appointed chief executive of AXA XL Risk Consulting, its new business unit dedicated to prevention. Giordano joins AXA XL from Everest, where he most recently served as chief underwriting officer, North…

Fortegra Group, a division of DB Insurance Co., Ltd., a global specialty insurance company, has appointed Anthony Katz as Senior Vice President (SVP) of Reserves. In his new role, Katz will lead Fortegra’s team of professional actuaries responsible for reserves, credit insurance, statistical reporting and key initiatives, including IFRS 17. He has over thirty years…

Canada Life has completed a £55 million buy-in deal with the Energy Industry Pension Plan, providing future benefit security for more than 250 pensioners and 450 deferred members. Katie Sokolowski, Canada Life’s head of business development for bulk purchase annuities, said the company is pleased to support fiduciaries taking this important step in their de-risking…

Sompo, a global provider of commercial and consumer property, casualty and specialty reinsurance, has appointed Henry MacHale as chief underwriting officer (CUO) and head of strategy for its insurance business in international markets. He will be based in London and report to Sompo International Markets CEO Alessa Quane. In his new role, McHale will work…

AXA XL, the property, casualty and professional risks unit of French insurance company AXA, has appointed Allen Kwan as head of brokerage management for its U.S. brokerage management team. He will be based in New York and report to Liz Rychling, head of Americas large commercial and mid-market broker relations at AXA XL. In his…