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AXA XL bolsters insurance firm’s H1 2021 results

Multinational insurance firm AXA has reported a gross revenue figure of €54 billion for H1 2021, marking a year-on-year increase of 7 per cent, just over half of which was derived from the property and casualty line of its reinsurance subsidiary, AXA

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BMS Re hires Bermuda head

BMS Re has appointed Adam Mullan as executive director to launch the firm’s operations in Bermuda

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Arthur J. Gallagher acquires P&C broker

Insurance and risk management firm Arthur J. Gallagher has acquired retail property and casualty brokerage R.J. Riordan

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AXIS Capital reports overall Q2 decline in reinsurance business

AXIS Capital Holdings has reported a 13 per cent year-on-year increase to $1.9 billion in gross written premium for Q2 2021

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Aon reveals new executive committee

Aon has formed a new executive committee to drive strategy and innovation following the firm’s decision to terminate its proposed business combination with Willis Towers Watson

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SRS bolsters Guernsey office

Strategic Risk Solutions has appointed Lesley Howgego as actuarial consultant and Alex Steele as office manager and project coordinator

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Markel and Cytora partner over workflow platform

Insurance, tax and legal services provider Markel UK has partnered with Cytora to administer the latter’s platform to streamline risk intake across property and casualty lines

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Berkshire Hathaway hires experienced casualty underwriter

Berkshire Hathaway Speciality Insurance has appointed Caroline Alder-Smurthwaite as head of general casualty, UK, based in the firm’s London office

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Aon-WTW acquisition mutually cancelled

Aon and Willis Towers Watson have mutually agreed to end their proposed acquisition following an “impasse” with the US Department of Justice

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Direct Line partners with Motability Operations

Direct Line Insurance Group has partnered with Motability Operations to provide insurance coverage to the latter’s Motability Scheme for 10 years

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CFSIC receives final fund installment for crumbling foundations

The Connecticut Bond Commission has released the final $20 million allocation to the Connecticut Foundation Solutions Indemnity Company

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RISCS establishes UK cell captive in Labuan

RISCS has established a new cell captive in Labuan for one of its UK-based clients, marking a world-first

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