Westfield Specialty International appoints Robert Copp as Head of US Marine Treaty
Westfield Specialty International, a specialty insurance provider, has announced the appointment of Robert Copp as Head of US Marine Treaty.
Westfield Specialty International, a specialty insurance provider, has announced the appointment of Robert Copp as Head of US Marine Treaty.
Large US primary insurer Allstate has reported estimated catastrophe losses of $230 million ($182 million after-tax) for the month of June, taking second quarter losses to $2.12 billion ($1.67 billion after-tax), and bringing total catastrophe losses for June year-to-date to $2.85 billion, pre-tax ($2.25 billion after-tax).
Global insurance and reinsurance broker Aon has announced the appointment of Lisa Stevens to the newly established role of Chief Administrative Officer.
In 2025, there has been a marked fall in the fear of becoming obsolete or replaced by artificial intelligence (AI), with less than half of underwriters (48%) and actuaries (49%) now fearing replacement by AI, down from 74% and 80% respectively in 2024, according to a recent report by hyperexponential (hx).
AM Best has maintained its stable outlook on Indonesia’s non-life insurance segment, citing resilient growth prospects, ongoing regulatory improvements, and strong investment returns.
Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced the retirement of Co-Founder and CEO Nicholas (Nick) Tye due to health reasons.
Willis, a WTW business, has launched a first-of-its-kind parametric policy that triggers automatically when a Red Weather Warning is issued by the UK Met Office or Met Éireann, the Irish National Meteorological Service.
Ardonagh Netherlands, the Dutch arm of The Ardonagh Group, has announced the appointment of Wim Hekstra as Chief Executive Officer, effective June 1st, 2025.
Loadsure, an insurtech managing general agent (MGA), has partnered with Google Cloud to develop an AI-powered claims verification system that processes claims more efficiently and accurately.
AXA XL supported the publication of a new report by the Cambridge Centre for Risk Studies (CCRS), which highlighted the increasing frequency and severity of wildfires in California and the critical role of the re/insurance industry in enabling an effective recovery after such events.
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m) from its property and casualty subsidiary, up approximately 77% from RMB 1,272 million (USD 178m) in the same period last year.
Patrick Raaflaub, Group Chief Risk Officer at Swiss Re, emphasises the importance of promptly identifying minor risks and initiating early discussions on effective management strategies to prevent them from becoming unmanageable in the future.
Vienna Insurance Group (VIG) is expanding its market presence in Poland with the acquisition of a 48.82% stake in Phinance, one of the country’s largest financial brokers.
Erithmitic, a technology-driven alternative asset manager, recently launched its affiliated reinsurance entity, Navigate Re, which is set to provide the firm with up to $2.5 billion in long-term investment capacity over the next ten years.
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII).