Axa XL has set up a new business unit dedicated to prevention. Led by Libby Benet, currently the company’s global chief underwriting officer, the company says the new unit will accelerate the development and reach of its risk consulting capabilities and prevention services.

The International Underwriting Association has published a guide for insurance companies responding to a new regulatory requirement to establish a solvent exit analysis. A solvent exit is the process through which an insurer ceases business whilst still meeting all its liabilities.

Exploited vulnerabilities rose 43% in the first three months of the year, fueled by AI-enabled supply chain attacks and a surge in actively exploited zero-day vulnerabilities, according to the latest quarterly threat report by Beazley Security.

UK fire services are now tackling a lithium-ion battery fire once every five hours – equivalent to 4.8 fires a day – according to new research from insurer QBE. The number of lithium-ion battery fires continues to rise year on year, up 147% since 2022.

Willis has launched a carbon capture and storage insurance suite designed to support developers and operators across the CO2 capture, transportation, and storage value chain. It adapts upstream energy, marine, liability and environmental protections to the risks of CCS operations.

The Centre for Disaster Protection has launched Labs, a new innovation platform designed to accelerate practical solutions that help governments better plan, finance, and respond to disasters.