Axa and Generali lead week’s climbers but US broking stocks tumble as market volatility continues

Artificial intelligence is producing efficiency gains but is no substitute for human expertise, argues WTW’s Laura Doddington

Demand for political risk insurance cover continues to rise amid the Middle East crisis and US protectionist policies, but Russia’s invasion of Ukraine has made underwriters more cautious

Deal adds Vave to Acrisure Underwriting’s platform of 12 MGAs operating in the US insurance market

Reinsurance capital reaches record level of $785bn

‘Lot of talk but not a great deal of action,’ market sources say, with reinsurance facility understood to have no known users 

Loss aggregator's final tally is lower than fourth estimate of C$490m

Miami-based operation will develop specialised facultative reinsurance programmes, initially targeting property, financial lines and specialty segments

Re/insurers can only support 'a fraction' of limit required for hypsercaler build costs 

Firm to extend AI-enhanced underwriting to all open market lines within its London market business

AccuWeather expects up to seven hurricanes, with as many as five US landfalls

For insurers, proactive planning, precise policy drafting and robust claims protocols are essential for such a high-stakes global event

Former Enstar executive Matthew Kirk succeeds Peter Vogt

The broking sub-group climbs 1.2% this week, led by Marsh, as SiriusPoint and Everest drive Bermuda gains

Near-tripling of underwriting gains attributed to limited catastrophe losses rather than underlying improvements

Newly launched specialty insurer hires Aspen Insurance executive Chris Jones to lead its finance function