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Americas

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

 

Florida Cat 5 could produce $300bn blow, Swiss Re warns

Hurricane landfall in Miami or Tampa Bay would generate largest single insured loss event ever

United States Hurricane Season

Hull war underwriters reassess pricing after latest attacks on shipping in Middle East Gulf

Rates now converging again at elevated levels, say market sources

Strait of Hormuz crisis Iran

CelsiusPro eyes Europe and US expansion

Parametric underwriter expects increased demand for climate products in Europe and the US following this year’s heatwaves

Property Monte Carlo

Madrid’s reinsurers must address ‘insurability’ in Latin America push

Growing complexity of risk and challenging claims environment are key issues for Spain’s reinsurers to tackle

Reinsurance Spain

US D&O market ‘approaching the trough’ of rate softening

Gallagher sees ‘early signs of stabilisation’ in US D&O market as economic conditions and increased litigation drive demand for cover

Casualty United States

California fire resilience efforts struggle to gain insurer recognition

The Golden State has large network of non-profits supporting resilience work, but insurers cannot always see these efforts

Property Climate change

Carbon names Wooldridge head of US casualty

Lloyd's delegated authority specialist hires Gallagher Re executive as it continues US push

United States Casualty

Negative rate sentiment weighs on reinsurance stocks

As the industry headed to Monaco, re/insurance stocks tumbled and underperformed the benchmark indices

Europe United Kingdom

Markel appoints Handen to lead Americas trade credit

Handen will lead the carrier’s growth initiatives across the US, Canada and Latin America

Specialty Markel

CatIQ increases Canada severe storm loss estimate to C$923m

Commercial property drives increase in loss estimate for severe summer weather

Canada Property

Neil Eckert to join Willis Re as chief executive

Industry veteran to lead newly relaunched reinsurance broking business

Broker People moves

Munich Re flags US casualty sidecar risks

Executives express concerns over automatic commutations and high-risk investment strategies

Reinsurance North America

Aon launches data centre exposure tool

Digital Infrastructure Risk Aggregator can identify risk patterns across portfolios

Casualty Property

Conduit Re taps Partner Re for property team

Aaron Coates joins Bermuda-based reinsurer as head of property, alongside two other hires

Bermuda People moves

Aon shares tumble on USI deal

Broking giant’s shares fell more than 6% this week amid concerns over high price being paid for business

Broker Europe

Verisk launches database of US data centres

Database maps the geolocation, footprint and capacity of US data centres to help re/insurers map exposures

Property Casualty
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