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Americas

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

 

Calgary hailstorm insured losses pegged at C$92m

The July 13 storm struck towards the end of the annual Western festival, the Calgary Stampede

Canada Property

US commercial lines prices rise 3.7% in Q2: CIAB

Price increases slow compared with the first quarter of the year, but social inflation fuels sharp hikes in umbrella cover, report finds

United States Property

Marine insurers risk sanctions penalties if regulations diverge on Russia oil exports

Hull, cargo and P&I underwriters may not be able to follow US leads unless Americans fall into line with Brussels rules, Lloyd’s Market Association says

London Lloyds

Beazley shares tumble on growth cut

Specialty re/insurer's shares drop 13.7% this week, dragging down the Lloyd's sub-group 

Europe North America

Vesttoo trust targets Aon and China Construction Bank

Latest court filing alleges that Aon committed fraud as it sought to promote a new intellectual property-backed lending product

Israel United States

BP Marsh launches reinsurer to support XPT Group

New reinsurer will allow XPT’s underwriting arm to provide limited risk capital to selected programmes

United States Reinsurance

Fidelis profits hit by aviation lessor court ruling

The re/insurer’s second-quarter combined ratio deteriorated to 103.7%, largely as a result of the recent English High Court ruling on stranded aircraft

Bermuda Reinsurance

Axis launches business for structured and multi-line capacity deals

Deals through Axis Capacity Solutions will be offered on both a facilitated and delegated basis

North America Bermuda

Aspen underwriting income surges 25% in Q2

Bermuda-based carrier posts improved combined ratios in both insurance and reinsurance segments

Bermuda Casualty

SiriusPoint partners with Arden on wildfire-exposed risks programme

New policy combines all-risk cover with embedded parametric protection for high risk properties

United States Property

Chubb promotes Haney to global surety president

Chubb’s president of North America surety is succeeded by Teresa Black

North America People moves

CatIQ trims Debby remnants flood loss estimate

Insured losses from floods affecting Ontario and Quebec lowered to C$2.81bn as coverage limits reached

Canada Property

HDI Global appoints Aguiar as US head of energy and power underwriting

Industrial insurer makes strategic appointment to drive growth in US market

United States Energy

Lancashire execs Spence and Johnston to retire

Carrier makes string of promotions as John Spence and Hayley Johnston step down

Lancashire Bermuda

Howden confirms $4.1bn debt repricing

Broker cuts interest costs on term loan as its gears up for US expansion 

International North America

How insurers are venturing into digital assets

Protection is becoming more available, but a lack of information and familiarity with the industry leaves insurers somewhat reluctant to jump into crypto

International United States
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