Americas
See below for coverage of the US and other growing markets in the Americas
Experience gives Artificial Labs the edge in the US market: Joost
Eric Joost will spearhead insurtech’s expansion into the US wholesale market, where other tech firms mostly operate in the retail insurance space
ANV continues acquisition spree with Pennsylvania brokerage buy
Intermediary platform continues to build-out workers’ compensation expertise with purchase of Associated Specialty Insurance Agency
UIB hires Webb to lead US binder growth
Kevin Webb will build transportation-focused binder business at the Lloyd’s broker
Miller names Stubbings Bermuda chairman
Industry veteran will support Miller’s reinsurance and retrocession growth proposition in Bermuda
IGI approved for India GIFT City branch
New branch office will write facultative and specialty treaty reinsurance
Will a soft market dampen the sidecar boom?
Growing appetite for casualty and MGA-focused sidecars should support continued investor demand, experts say
Howard Hughes completes Vantage purchase
US investment group acquires Bermuda-based re/insurer for $2.1bn
Data centre insurance challenges are beginning to mount up
Delay in start-up and contingent business interruption covers are becoming trickier to obtain as projects become more complex and elements such as on-site power plants are introduced
Greenlight Re and SiriusPoint lead fallers as insurance stocks slide
Hedge fund reinsurer drops 10% as Bermuda-based re/insurer SiriusPoint falls 9% in torrid week for insurance and reinsurance stocks
AI can bring new business to wholesale brokers
Artificial intelligence can enable wholesale brokers to service small books of business, which would otherwise be uneconomical, says chief executive of newly launched broker Novella
Convex launches specialty MGA Kinetic
Kinetic Insurance Services will write complementary portfolio of business and provide access to ‘new and emerging markets’
Public property insurance advocate leads in California
Becerra has called for rate freeze, while Kim proposes public catastrophe insurance programme
Political risk ‘no longer confined to traditional hotspots’
Insurers and their clients will need to treat political risk as a permanent feature of the operating environment, warns WTW’s Sam Wilkin
Property cat returns risk falling below cost of capital
Rates-on-line fell by as much as 25% at June 1 with cedents achieving improvements to structures and terms, Howden Re said
California candidates call for big interventions in insurance market
Leading gubernatorial candidate wants a price freeze, while insurance commissioner candidate Jane Kim is calling for a public natural disaster insurance system
Families of Baltimore bridge dead agree terms with Dali interests
Trial to determine liability set to begin on June 1
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