Axa

The figures reflect a major turnaround from 2020, when the carrier was heavily impacted by Covid-19 claims.

Around 100 Ageas UK staff will transfer to Axa Commercial.

The Singapore business is a composite insurer offering life, health and P&C.

The payouts follow the contract that Mapfre signed to pay $984mn to Colombia’s utility EPM.

Ursula Wyman joined the business on 15 November, and reports to Jon Walker, CEO of Axa Commercial.

The UN’s Butch Bucani, speaking on Swiss Re’s COP26 panel, warned that the transition was not just about “putting a thermometer in your insurance portfolio and saying ‘it’s 1.5 degrees’”.

The carrier will stop underwriting and investing in new upstream oil greenfield exploration projects, unless certain conditions are met.

The carrier has said it will strengthen insurance requirements for businesses involved in deforestation.

The inability to strike a deal sends both buyer and seller back to square one.

The French mutual’s attempt to enter reinsurance via an acquisition has been thwarted again, according to French publication L’Argus de l’assurance.

Axa UK has appointed David Ovenden from Willis Towers Watson as CUO for its commercial business, a role where he will be tasked to deliver pricing and underwriting programmes and oversee a continual development of underwriting capabilities.

Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.