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Americas

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

 

Fidelis launches casualty reinsurance MGA

Adroit Underwriting will focus on US casualty reinsurance for small and medium-sized enterprise risks

Casualty Bermuda

Compre appoints Taylor as managing director of underwriting

Taylor will be responsible for leading the group’s retrospective reinsurance activities

People moves Reinsurance
INTERVIEW

Tackling the World Cup cyber threat

For an event spanning three countries, the supply chain presents the greatest cyber vulnerability, a legal expert warns

Canada Mexico
INTERVIEW

California insurance commissioner front-runner outlines universal insurance plan

Jane Kim prefers non-profit model that invests in resilience to solve ‘systematic failure’ state’s insurance market

United States Property

Property cat price softening accelerates at mid-year: Guy Carpenter

Broker’s global property catastrophe rate on line index fell to -16% at mid-year from -12% at January

International North America

Venezuela quake economic loss could be in the billions

Insured losses expected to be considerably lower given significant protection gap, brokers report

Venezuela Losses

Reinsurer earnings to peak in 2026 as loss cycle shifts

Natural catastrophe activity expected to bottom out this year while pricing will continue to fall, the rating agency says

North America Property

Travelers and Swiss Re lead as insurance stocks continue to rise

US insurance giant’s shares climb 4.8% as Swiss reinsurance heavyweight’s stock gains 4%

Stockwatch Travelers

North Carolina bans third-party litigation financing

Southern state becomes first to ban practice opposed by US insurers

Regulation United States

AI washing represents a new frontier for D&O risk

Securities class actions, flowing from allegations of AI washing, are expensive to defend, and the costs can mount long before the merits are tested

North America International

June storms see billions in losses across North America

Severe convective storm insured losses surpass $22bn for the year to date, according to Gallagher Re

North America Property

LM Re partners with Mexico on parametric quake cover

Parametric insurance policy is designed to support rapid payouts and post-event decision making after earthquakes and volcanic activity

Mexico Liberty

Talanx leads risers as European insurance stocks climb

European insurance groups enjoyed the biggest gains this week, but Lloyd’s stocks were close behind

Stockwatch Talanx

MS Amlin warns against complacency over US hurricane risk

Strong El Nino conditions this year are expected to help supress hurricane activity but there is still a one-in-four chance of a category 4 or 5 US landfall

Hurricane Season United States

Private insurance market can step in for NFIP

Depopulation plan could see private carriers assume more than 3.5 million policies from the NFIP, Aon Edge chief executive says

Property United States

Everest launches $600m casualty sidecar

Bermuda-based carrier partners with investment firm Stone Point on Annapurna Re vehicle

Bermuda Reinsurance
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