Aon on Monday launched its AI Risk Diagnostic to help organizations understand and manage AI-related risk. The tool creates an enterprise-level assessment of AI risk, controls and maturity to help organizations evaluate their AI policies for use and ident... See more
New issuance of catastrophe bonds totaled $17.6 billion across 64 transactions in the first half of 2026, surpassing 2025 to become the most active first half on record, according to a Swiss Re report. A relatively benign first half for catastrophe losses... See more
Softening commercial insurance pricing hurt profitability as second–quarter net income fell at Chubb. The insurer reported second–quarter net income of $2.85 billion, down 3.8% from the same period last year. Soft market conditions have begun to spread be... See more
Catastrophe bond issuance fell in the first half of 2026 compared with the same period last year, but new buyers and investors continued to enter the market, data shows. In addition to long-time market participants, new cedents and investors accessed the ... See more
Chubb on Monday said James Wixtead, senior vice president of Chubb Group and president of Chubb Tempest Re Group, has been named executive chairman. Mr. Wixtead will be succeeded by Michael O’Donnell, currently division president of Chubb Tempest Re USA. ... See more
