Chelsea Thorpe has been appointed head of broker relations for the Americas at Axa XL after leaving Beazley.

Cat specialist SageSure has closed the acquisition of GeoVera Advantage Insurance Services, an earthquake risk underwriter – the merged agency will now function as a newly formed MGA.

Allianz SE has remained in the top spot in AM Best’s ranking of the world’s 25 largest insurance companies by non-banking assets for a fifth consecutive year, while UnitedHealth Group Incorporated was top by net premiums written (NPW) for a 10th straight year.

The deadly attack in New Orleans and the Cybertruck explosion in Las Vegas are examples of incidents that can be very difficult to predict and substantial for insurers, AM Best has commented.

Colorado is poised to launch a residual insurer to help manage what is fast becoming a coverage crisis in the state with the Fair Access to Insurance Requirements (FAIR) due to go live during the first half of 2025.

Bowhead Specialty Underwriters casualty head Jeff Saunders has stepped down from his full-time position at the company and will now serve the business as a senior advisor, with Derek Broaddus stepping up to take over his role, E&S Insurer can reveal.

Risk management industry trade body RIMS has named Kristen Peed, the head of corporate risk at Sequoia, as its president for the 2025 term effective 1 January.

Insurance services provider Davies has appointed Matt Button as deputy group CEO.

Wisconsin-based Sentry Insurance has completed the acquisition of non-standard auto insurance (NSA) provider The General for $1.7bn from American Family Insurance.

Stone Ridge Asset Management founder and CEO Ross Stevens has hailed the performance of the group's reinsurance investments in his latest investor letter.