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Initiative will develop and introduce high return on equity generative AI use cases across the insurance value chain

New programme has been developed in collaboration with Axa Digital Commercial Platform and incubated within Axa Next, an Axa Group innovation unit

The company said it expects to invest approximately $285 million, including primary capital to support Bamboo's growth

The tropical storm made landfall on Antigua and Barbuda early October and passed near BVI causing heavy rains and flooding in both countries

Jose Carlos Jiménez Fernández and Rafael Ortiz Losada join Arch Insurance (EU) dac, which provides specialist property and casualty insurance solutions within the EU

The new SVP had senior roles with the Everest Re Group and Validus Holdings

Chief people officer Noreen McMullan and Axis Wholesale chief executive officer Carlton Maner are to leave the company

Appointee will work closely with his counterparts James Ferris in Bermuda and Chris Harding in the UK

Appointee takes on role as a managing director and head of strategic growth for casualty reinsurance

Analysts project the growth of embedded insurance premiums at more than 20 per cent a year through to 2029