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Americas

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

 

Trisura appoints Grant as chief underwriter in series of management changes

Toronto-based group hires Manulife’s Shirtliff for chief risk officer and names Sekine as executive director

Canada Property

AM Specialty acquires Pinpoint and establishes London unit

US specialty carrier looks to expand product offerings in the excess and surplus lines market

United States London

US E&S market maintains double-digit growth in 2023: S&P

Sector’s direct premiums climb to $86.5bn in 2023 from $75.5bn in 2022 but rate of increase slows

North America Property

Bermuda stocks underperform in negative week for insurance equities

Axis, RenRe and Markel were the week’s worst-performing stocks as insurance shares miss out on equity market elevation

Stockwatch Europe

More holistic insurance solutions needed to support net-zero transition: Axis

Energy producers want more comprehensive and multi-line coverage options, survey finds

United States Axis Capital

Markel hires AIG's McGrath to lead NA fine art

Specialist insurer appoints Kyle McGrath from AIG’s Private Client Select business to drive regional underwriting strategy for its fine art business in North America

North America Markel

R&Q warns of liquidation as Accredited sale negotiations continue

Legacy and programme management firm considers alternative sale structure involving liquidation as it warns sale process to Onex has had a ‘material impact’ on the company’s ‘stability as a business and as a going concern’

Bermuda Randall & Quilter

Artemis Risk Solutions launches in US

Broker is led by former Willis Group senior executive Chris Burns 

United States Casualty

California issues wildfire risk map

State seeks to encourage insurers to provide cover in higher-risk areas

United States Property

Everest Insurance hires Buonpane to lead NA casualty specialty

Stephen Buonpane will oversee the growth of the insurer's casualty specialty lines as well as the expansion of the industry practices group

North America Everest Re

Vantage launches primary cyber cover in US

Launch follows introduction of excess cyber cover in the US and Bermuda in 2022

United States Specialty

Hiscox names Boyd US CEO

Insurer hires Plymouth Rock Assurance chief executive, Mary Boyd, to lead small commercial business in the US

United States Hiscox

New York legislators propose ban on fossil fuel insurance

Law would ban new underwriting for oil, gas and coal and stop insurers from ‘bluelining’ policyholders following natural disasters

United States Property

WTW names Tremblay Canadian P&C head

Tremblay joins from Groupe Optimum Assurance, where he was vice-president

Canada Willis Towers Watson

US commercial rates rise 6.3% during Q1: WTW

Excess umbrella liability and commercial property post double-digit price increases

United States Casualty

AM Best revises reinsurance outlook to positive

Ratings agency expects continued profits as premiums and interest rates remain high

International United States
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