Casualty/GL

The executive will become senior cyber underwriter at Syndicate 1967.

Axa has raised $3.2bn to put toward the $15.3bn XL deal through internal financial moves by subsidiaries, including the repayment of loans to Axa Equitable Holdings and the unit's purchase of Alliance Bernstein units previously owned by Axa SA and affiliates.

Rob Berkley, CEO of WR Berkley, has said his firm will not pull out of reinsurance despite what he termed a “frustrating” period for the segment.

There was further evidence at the RIMS conference in San Antonio last week of a transitional market emerging in US casualty insurance, with upwards pressure on rates starting to spread beyond headline hard pockets.

US timber giant Weyerhaeuser has filed a complaint at a Seattle court in a bid to force nine insurers to pay out up to $260mn in liability cover.

Zurich has appointed KPMG to advise on the long-awaited disposal of its £1.6bn legacy UK employers’ liability book, The Insurance Insider can reveal.

Nationwide E&S has withdrawn from the brokered New York construction market.

Gavin Watson, head of accident and health (A&H) at Channel Syndicate, has left the firm, The Insurance Insider understands.

MS Amlin's head of underwriting risk, David Ford, has left the specialty (re)insurer, The Insurance Insider can reveal.

RLI kicked off the US industry's first quarter earnings season with results that handily beat Wall Street estimates.

Andrew Graham, former head of M&A insurance at Allied World, has joined MGA start-up Brockwell Capital, confirming earlier reports by this publication.

Higher loss experience and increasing levels of litigation have led to restricted capacity for US directors' and officers' risks.