Axis Capital

Primary and excess casualty in the US saw double-digit rate growth and remained above loss trends in Q1.

The Bermudian reported net pre-tax cat losses of $49mn, with $32mn attributable to the California wildfires.

The carrier has moved to hire in the fine art and specie line after the exit of Mark Benbow.

Anna Woolley, Head of Construction for AXIS Global Markets, discusses how they’re tackling the challenges of mega projects, sustainability, and evolving risks in the construction insurance sector.

The cyber insurance market is poised for growth in 2025, but staying competitive requires innovation and adaptability to new risks. Andy Maher, head of cyber & technology, London, for AXIS, shares insights on industry trends and challenges ahead.

The executive has also worked for Guy Carpenter during her 20-year career.

The carrier’s Q4 CoR decreased 34.8 pts YoY to 94.2% as it reported favorable prior-year reserve development.

The appointment comes after the departure of Mark Benbow, who is joining Westfield.

The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.

Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.

The company’s reshaping of the book will be substantially completed by year end.

Pre-tax cat losses were $78mn, or 5.8 points on the Q3 CoR, compared to last year’s $42mn, or 3.2 points.