Broking giant appoints former Newfront chief executive Spike Lipkin as chief AI officer

Elaine Whelan is the latest senior executive to depart the Bermuda-based reinsurer

Eric Anderson will become chief executive on June 1, succeeding Peter Zaffino who will become executive chair

Potential exposure could be huge, with thousands of lawsuits, but insurers may be off the hook if tech companies’ behaviour is deemed deliberate

Almost two-thirds plan increased investment, while few expect job cuts

Evan Greenberg says military conditions not yet in place for $40bn facility to begin assuming risk

Hail and tornadoes could cost insurers more than $1bn, Gallagher Re says

Activity is beginning to emerge in sectors such as oil and gas after the US kidnapping of president Nicolas Maduro, generating expectations of new insurance demand

Greenlight Re and SiriusPoint lead this week’s risers in mixed week for insurance stocks

Dual warns of an inflection point this year as rates show signs of reaching a floor

New Insurance Act introduces new obligations for insurers and policyholders, imposes strict claims handling deadlines and significantly affects aspects of reinsurance placement and recovery

Global insurance giant reports operating income climbed 80% in the quarter to $2.69bn after last year’s profits were hit by wildfire losses

Macroeconomic and socioeconomic reasons, rather than weather or climate factors, are causing rapid increase in severe convective storm losses, according to Gallagher Re

European insurance stocks climb 1.3% and outperform benchmark index, with Scor shares gaining nearly 4%

US severe convective storms and winter weather account for majority of losses

Ratings agency cites disciplined underwriting, portfolio de-risking and reduced catastrophe exposure behind the move