AXA XL’s New Prevention Unit Makes Risk Mitigation a Standalone P&L Center
AXA XL created a dedicated Prevention Services unit on May 13, 2026 — its fifth P&L center — appointing former Global CUO Libby Benet…
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Europe
Intact Financial Explores Hiscox Acquisition in a Cross-Border UK Specialty Play
Intact Financial's exploratory bid for Hiscox sent the FTSE 100 specialty insurer's shares up 15.3% on May 15, as Canada's leading P&C platform eyes…
Beazley Flags AI-Driven Supply Chain Attacks as Next Frontier for Cyber Underwriting
Beazley cyber insurance warned in May 2026 that AI-powered supply chain attacks create correlated portfolio losses, forcing underwriters to rebuild coverage models and introduce…
Aviva Q1 2026: General Insurance Premiums Surge 19% to £3.4bn as AI Reshapes Reinsurance Sourcing
Aviva Q1 2026 general insurance premiums rose 19% to £3.4bn on Direct Line integration. The insurer's AI-driven reinsurance sourcing signals how data-rich cedants are…
EIOPA’s Two-Step AI Mandate Sets August 2026 Deadline as EU Insurers Face €35M Penalties
EIOPA AI governance opinion mandates two-step impact assessments for EU insurers by August 2026, with €35M penalties for non-compliance with the EU AI Act.
Munich Re Q1 2026: P&C Revenue Down 20% as Guidance Tightens on Cycle Pressure
Munich Re Q1 2026 posted €1.7bn net profit as P&C reinsurance revenue contracted 20%, signalling deliberate underwriting discipline. What tightened guidance means for H2…
Lloyd’s Governance Probe Into John Neal Tests London Market Transparency
Lloyd’s governance probe into former CEO John Neal puts London Market transparency standards to the test as Chair resists disclosure while Freshfields investigators press…
Aon Launches Climate Risk Monitor 3.0 to Price Extreme Heat in Commercial Lines
Aon Climate Risk Monitor 3.0 adds extreme heat and cooling demand analytics to commercial underwriting as global insured losses topped $127B in 2025.
National Bank of Greece Takes 30% Stake in Allianz Greece Bancassurance Pact
NBG acquires 30% of Allianz Greece in a 10-year bancassurance deal, reshaping Greek insurance distribution as European bank-insurer M&A accelerates.
Duck Creek Bets on Agentic AI to Automate Underwriting and Claims Workflows
Duck Creek launches an insurance-native Agentic AI Platform processing 30M+ claims annually and targeting $80B in U.S. efficiency gains, becoming the first major core-system…