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Americas

See below for coverage of the US and other growing markets in the Americas

 

Stockwatch: Lancashire and Hiscox climb as Swiss Re and Bermudians falter

Swiss Re shares fall 3.9% following capital markets day but analysts describe reaction as 'overdone'

Stockwatch Europe

Verisk names Newbold president of Extreme Event Solutions

Executive succeeds Churney at helm of catastrophe modelling business

United States Property

RGA launches life sidecar Ruby Re

Sidecar designed to enhance the group's access to capital for its growing US asset-sensitive business

North America Reinsurance

Florida's Citizens eyes potential $5.5bn reinsurance buy in 2024

Last resort insurer plans unified reinsurance tower for its three accounts, rather than individual towers seen in recent years

United States Reinsurance

AM Best maintains stable outlook for US commercial lines

Rating agency cites ‘persistently strong’ underwriting results amid substantial economic and capital markets volatility

United States Casualty

Hamilton to focus new capital on property reinsurance

Bermuda carrier’s executives plan to deploy the proceeds of the recent IPO ‘as quickly as possible’

Bermuda Hamilton

Hamilton swings to Q3 profit as catastrophe losses plunge

Bermuda-based group’s combined ratio improves 29.9 points to 92.6% in the third quarter as it swings to underwriting profit of $24.9m

Bermuda Hamilton

James River names Bowman chief of specialty admitted business

Bermuda-based re/insurer promotes senior vice-president of programme management 

Bermuda Specialty

Atlantic storm season had fourth-highest number of named storms

The number of named storms exceeded the annual average of 14, according to the National Oceanic and Atmospheric Administration’s tally

North America Hurricane Season

HDI acquires Indiana Lumbermens

Talanx Group subsidiary expands presence in US with strategic acquisition to broaden specialty lines portfolio 

United States Talanx

AM Best maintains negative outlook on US personal lines

Persistently high loss costs means a return to underwriting profitability for the segment over the near term appears highly unlikely, rating agency warns

United States Casualty

AIG adds Dunne to board

Global insurance giant elects investment banker James Dunne as independent director

North America AIG

Alliant launches consumer platform

US broker’s consumer business now places more than $6bn in premiums annually

United States Casualty

Axis adds Galanski to board

Former Navigators Group chief executive Galanski to join the Bermuda-based carrier’s board of directors and risk committee

Bermuda Axis Capital

AIG to sell another $700m piece of Corebridge Financial

Insurance giant to sell a further 35 million shares of its life and retirement subsidiary in a secondary offering

United States American International Group

California court upholds expanded cover from last resort insurer

Requirement to offer wide cover not contrary to the ‘express goals’ underlying the Fair Plan Act

United States Property
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