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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…

Lloyds Bank, a leading UK financial services provider serving corporate, institutional and retail clients, has announced its results 10th Annual Financial Institution Sentiment Survey. The research gathered the views of more than 100 senior leaders from the UK banking, insurance, private equity, asset management and wealth management industries. Lloyds Bank’s findings indicate that insurers are…

Liria Martinez-Salmon, managing director and head of Southern Europe at Devonshire Underwriting, told Reinsurance News that the number of claims notifications in the Southern European traded risk insurance market has increased by more than 100%. We recently discussed the current trading risk market conditions with Martinez-Salmon and highlighted the significant increase in claims notifications. “We…

Corgi, an AI-native insurance platform that helps businesses manage technology-related risks, announced the appointment of Jeremy Eisemann as head of government affairs and deputy general counsel. In his new role, Eisman will lead the firm’s government affairs strategy and support legal operations, regulatory engagement, policy development, corporate governance and strategic initiatives. He will work closely…

AXA XL, the property, casualty and professional risks division of French insurance company AXA, has announced a strategic partnership with Samsara, a pioneer in the Connected Operations® platform. Samsara’s open platform, known for its user-friendly interface and advanced data analytics, will be integrated into AXA XL’s suite of risk solutions in the UK. This will…