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Axa promotes Foley to CEO for UK & Ireland divisions

Tara Foley will be responsible for implementing Axa UK & Ireland's 2024-26 strategy, as well as leading the executive team.

Ayesha Venkataraman, 20 July 2023
Marsh Global Index falls to 3% in Q2 but property hardening continues

Global property cat reinsurance posted the most notable risk-adjusted rate increases, spiking about 30% on average, with loss-impacted clients seeing higher pricing.

Shelby Rosenberg, 20 July 2023
SiriusPoint names Rees as new head of London US casualty

Rees joins from Chord Re, where he was head of casualty for nearly two years.

Aisling Finn, 20 July 2023
Allstate books $1bn cat loss for June, $181mn Q2 reserve charge

Nearly $148mn of the unfavorable reserve development was related to National General, primarily driven by personal auto injury coverages.

Jairo Ibarra, 20 July 2023
Travelers buys new $500mn Gulf hurricane reinsurance cover at mid-year

The insurer also added $100mn to its northeast cat treaty as it posted $1.48bn of cat losses in the second quarter.

Fiona Robertson, 20 July 2023
Marsh McLennan momentum surges with 11% organic growth in Q2

The results represent a return to double-digit expansion following three quarters of single-digit growth.

Samuel Casey, 20 July 2023
Argenta hires Lockton’s Cragg as COO

The executive will lead operations and support the company’s growth strategy.

Samuel Casey, 20 July 2023
QBE increases H1 cat budget to $700mn

The carrier said it anticipated central estimate developments of around $180mn, including $40mn of crop adverse development.

Aisling Finn, 20 July 2023
Nardac looks to unlock mid-market US solar risks with new coverholder

The community solar binder is led by Canopius, targeting $2mn-$20mn solar projects.

Samuel Casey, 20 July 2023
Analysis: UK’s $21bn InsurTech ecosystem has cemented global position – McKinsey

The UK has the highest number of InsurTechs per capita among all major world economies, a new report from McKinsey has found.

Aisling Finn, 20 July 2023

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