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AXA XL, the property, casualty and special risks arm of French insurance company AXA, has promoted Nick Goepp to head of excess casualty in the west and Lexi Bueno to central head of United States Risk Management (USRM). Both Goepp and Bueno will report to Matthew Stitham, chief casualty underwriting officer (CUO), Americas. Goepp, who…

Global specialty insurance company Westfield Specialty announced its financial results for the first quarter of 2026. Gross written premiums (GWP) were US$559 million, a year-on-year increase of 31%, and the combined ratio was 95.7%. These results beat the company’s expectations despite a more active loss environment during the quarter. The successful implementation of Westfield Specialty’s…

Willis, a WTW company, has announced the appointment of new leadership in the North American Enterprise Risk and Brokerage business, aiming to strengthen the development of the platform. As part of these moves, Michael Butch has been hired as head of North America growth operations, a newly created position. In his new role, Butch will…

Lockton Re, the reinsurance arm of independent insurance broker Lockton, has announced the launch of a dedicated insurance-linked securities (ILS) platform for Brazil. The reinsurance brokerage has fully deployed its advisory and structuring capabilities through a locally licensed special purpose securitization entity (SSPE) specifically targeting the Brazilian Letra de Risco de Seguro (LRS) market. The…

Global reinsurance broker and risk advisor Aon has announced the appointment of Christian Rindlisbacher as Head of Casualty at the Nordic Brokerage Centre. Rindlisbacher brings more than 20 years of industry experience, including leadership roles at AIG and Aon, as well as an extensive network across the Nordics and EMEA regions. Most recently, he served…

Allstate Corporation, a U.S. provider of personal property and casualty insurance, estimates catastrophe losses in April 2026 at $870 million, or $687 million (after tax). These losses included 10 wind and hail events, with approximately 70% of the losses associated with two events. By comparison, Allstate projects March 2026 catastrophe losses of $925 million, or…

Shory Group, a fully digital AI-driven insurtech platform affiliated with Judan Financial Holding, has partnered with OrbitWorks, the UAE’s first commercial satellite constellation production and operations company, to advance satellite insurance and space data. The news was announced at Make it in the Emirates, the UAE’s national platform showcasing industrial and technological capabilities. The collaboration…

Florida-based American Coast Insurance Company (ACIC) updated its core catastrophe reinsurance program (Core CAT) for 2026/27 to purchase a total of approximately $1.918 billion in event-based limits, an increase of $241.5 million, or 14.4%, from the previous year. For the new Core CAT program, ACIC, driven through its insurance subsidiary AmCoastal, leverages changing market dynamics…

To meet growing demand, global professional services firm Aon has strengthened its credit reinsurance offering by advancing a centre-led strategy to connect clients to capital through globally coordinated teams with local market reach. As part of the development, Rupert Evans, Aon’s international head of credit and financial risk reinsurance, will relocate from London to New…

Willis Re, the reinsurance brokerage and advisory arm of Willis Towers Watson, said the recent wave of mergers and acquisitions in the global reinsurance industry is expected to have a broadly positive impact on ceding companies, as larger, better capitalized reinsurers will emerge without a significant reduction in market competition or available capacity. Willis Re…