Americas
See below for coverage of the US and other growing markets in the Americas
Chubb tallies $1.5bn wildfire hit as major insurers begin disclosing estimates
RenaissanceRe expects a $750m net loss from the wildfires based on a pessimistic industry loss forecast
AIG restructures general insurance division
Jon Hancock assumes expanded role covering international commercial insurance and global personal lines
Results round-up: Chubb and RenRe
Latest results from across the market
Everest CEO pledges ‘aggressive action’ on US casualty after $1.7bn reserve charge
Williamson brands US casualty insurance performance ‘unacceptable’ as carrier undertakes account-by-account remediation programme
Results round-up: Brown & Brown and WR Berkley
Latest results from across the market
Everest discloses $1.7bn reserve strengthening
Bermuda-based carrier ‘fortifies’ US casualty reserves following actuarial review
Mangrove approved for Florida property launch
Former RenRe executive Weinstein to lead insurer, the 10th new carrier to be approved since recent regulatory reforms in the state
Accelerating the claims response to the LA wildfires
Multi-source data strategies have enabled insurers to gain crucial insights in real-time and allocate resources efficiently
North American insurance agency mergers fall in 2024
Mergers and acquisitions among brokers and agencies slowed 10% in 2024, analysis from Optis Partners finds
US lawmakers weigh bill to axe Federal Insurance Office
Bill would return sole regulatory authority over the insurance industry to state insurance commissioners
California fires to generate minimal catastrophe bond losses: Fitch
Fires will result in partial loss of principal for certain catastrophe bonds but aggregate losses not expected to cause a curtailment of issuances
European reinsurers ‘face 30% hit to catastrophe budgets’ from LA wildfires
A $35bn insured loss from the wildfires in Los Angeles would eat up nearly one-third of the annual budgets of Munich Re, Swiss Re, Hannover Re and Scor, analysts warn
House passes APCIA-backed forest bill
Law creates new fire management structures and planning, which would cut fire risk and improve resilience, proponents say
Results round-up: Old Republic International
Latest results from across the market
APCIA backs California proposal to support Fair Plan
Proposal would allow issuance of catastrophe bonds to boost claims-paying ability of state’s last resort residential property insurer
Lloyd's stocks recover amid limited wildfire loss expectation
Beazley shares climb 5.7% and Hiscox gains 3.8% in positive week for insurance and reinsurance stocks
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