Americas
See below for coverage of the US and other growing markets in the Americas
Brown & Brown names Hearn retail president
Chief operating officer, Steve Hearn, widens role as Florida-based broker acquires MGA Pardus Underwriting
Cyber insurance market wrestles with AI risk challenge
Opinion is divided on how best to respond to the potential exposures caused by artificial intelligence. Some see no reason for the segment to exclude new exposures, but others believe AI will require its own line of insurance
Howden US taps Alliant’s Borys to lead financial lines
Broker continues build-out of US retail business with Ron Borys hire
Aon pegs Q3 insured losses at just $12bn
Year-to-date insured losses still well above 21st-century average
Atrium promotes Griffith to head of motor
Lloyd's carrier's North American motor business focuses on trucking liability, cargo and related risks
Munich Re Specialty launches US inland marine product
Product provides $50m of cover for builders’ risk, contractors’ equipment, motor truck cargo and property floaters
Marsh McLennan shares fall 9% on lower growth
Lancashire tumbles 6% as analysts cut target price and re/insurance stocks suffer amid wider market volatility
Howden US builds out private risk team
Broker appoints Joe Clark and Dale Krupowicz to lead private clients business in the US
Marsh targets London wholesale business with McGriff MMA unit
Broking giant’s chief executive says new unit will ‘bring back business’ placed with rival wholesale brokers
Beat Capital launches 1889 Specialty
Incubator platform partners with former Crum & Forster executive Blair Bartlett to launch financial institutions MGA
Marsh reports 4% underlying growth in Q3
Guy Carpenter books 5% underlying growth in third quarter
Chubb names Church head of international P&C business
North American insurance giant promotes long-standing executive
Q3 catastrophe losses well below average amid ‘lucky’ hurricane season
Insured losses come in at less than $15bn for the quarter thanks to lack of hurricanes as year-to-date losses fall below average, according to Gallagher Re
Marsh McLennan to rebrand as Marsh
Company’s business units will adopt the new brand in 2027, with Guy Carpenter becoming Marsh Re
Trade credit insurers brace for losses from First Brands collapse
US vehicle parts conglomerate’s bankruptcy could cost trade credit insurers more than $1bn, according to analysts
Industry likely to face $300bn loss year in the next decade: Swiss Re
Executives at Swiss reinsurer predict ‘stable’ renewal season for European cedants but warn of growing impact of secondary perils
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