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Americas

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

 

Bermudians lead climbers in strong week for insurance stocks

Axis Capital, RenaissanceRe and Markel were this week's top-performing stocks as sector posts strong third-quarter earnings

Europe United Kingdom

Hiscox to accelerate roll-out of AI-enhanced underwriting

AI technology is creating new growth opportunities and increasing productivity within the group’s London market business, chief financial officer Paul Cooper says

London Bermuda

KCC pegs Melissa insured loss at $2.4bn

Cotality estimates insured losses of $1bn to $2.5bn in wake of monster storm

Jamaica Cuba

AIG confident on profitability of acquired Everest US casualty book

Chief executive says AIG has 'extensive experience' in repositioning casualty portfolios following renewal rights deal with Everest Group

North America Casualty

Carbon names Bright underwriting director

Appointment marks a 'key milestone' in accelerating the business’s US growth strategy, Carbon said

United States Lloyds

IGI trims COR to 76.5% in Q3

Underwriting income climbs 25% to $51.4m in the three months to the end of September

Bermuda Casualty

Conduit Re books 8.5% premium growth

Bermuda-based reinsurer says premium growth expected to ‘moderate’ amid portfolio repositioning

Bermuda Reinsurance

Marine and aviation support Lancashire 9M premium growth

Chief executive Alex Maloney says pricing remains ‘healthy’ as London-listed specialty carrier’s gross written premiums climb 7.4% to $1.8bn in first nine months of the year

Bermuda London

US casualty reinsurance capacity 'adequate' going into 1/1

Capital levels in the market are stable as both insurers and reinsurers have a better grip on risks and exposure, Nick Nudo, Aon’s US casualty reinsurance leader says

United States Casualty

Jamaica cat bond will not shake ILS market: Fitch

No ‘adverse ILS market reaction’ expected, following triggering of $150m bond, rating agency says

North America Jamaica

Cyber and D&O rate declines moderating: Aon

The global insurance markets saw continued pressure on pricing in the third quarter, according to Aon

International North America

Non-life legacy deal volumes slow in Q3

Three disclosed legacy transactions with $40m of gross liabilities transferred in third quarter, according to PwC

International Enstar

Conduit names Postlewhite CUO

Bermuda reinsurer hires McGill and Partners' head of capital solutions Stephen Postlewhite to oversee underwriting 

North America Bermuda

Inflation added around $250bn to US liabilities from 2015 to 2024

Claim frequency is falling, but severity rising, report finds 

United States Casualty

The rise of ‘forever chemicals’ poses liability challenges for insurers

Insurers are increasingly scrutinising the PFAS liability landscape, and are likely to demand more robust disclosures, risk assessments, and evidence of mitigation

North America International

Verisk puts Melissa insured losses at $2.2bn to $4.4bn

Jamaica confirms Melissa cat bond will pay out

Jamaica Hurricane Season
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