Insurance Day is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

Americas

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

 

CatIQ increases Canada thunderstorm losses to C$439m

Loss aggregator’s second tally is higher than initial estimate of C$374m

Canada Losses

Bermuda regulator consults on AI guidance

Rules will require a uniform level of oversight from all firms, regardless of size

Regulation Technology

Aon flags enterprise risks from AI

AI will likely change a company’s existing enterprise risk in areas such as litigation and recruitment, broker warns

North America International

AI-related securities lawsuits double in H1

US securities class action settlements climbed to $2.1bn in the first half of the year, up from $1.1bn a year earlier, according to Gallagher

United States Casualty

Price Forbes names Harris head of US casualty

London market broker hires Howden executive to lead US casualty practice 

London Broker

Aspen acquisition boosts Sompo International profit

Japanese giant’s overseas division reports adjusted profit up 24% to $423m in the three months to the end of June

Property Reinsurance

LM Re parametric quake product pays out in Peru

Payout triggered by the magnitude 5.8 earthquake that struck Peru earlier this year

Property Liberty

Chubb and AIG shares lead fallers as negative sentiment persists

The basket of stocks tracked by Insurance Day declined by 1.5% this week

Stockwatch North America

Pelagos profits double in Q2

Former Fidelis Insurance Group returns to underwriting profit amid lower large losses and favourable reserve development

Bermuda Specialty

Aon’s NFP makes retail cannabis business push

Acquisition of Frontier Risk unit to increase broker’s expertise in specialised sector

Mergers and Acquisitions Specialty

CatIQ pegs final Debby remnants loss estimate at C$2.8bn

Sixth estimate, issued two years after the event, stable compared to CatIQ’s one-year estimate

Property Losses

H1 insured losses hit six-year low at $42bn: Swiss Re

Severe convective storms remained biggest insured-loss driver in the period

Property Reinsurance

TSR lowers hurricane season forecast

Forecaster now expects four hurricanes, down from five in July

Hurricane Season Property

California insurance commissioner candidate wants ‘to fix the market that we have’

Ben Allen to focus on resilience and partnerships, and says opponent’s single-payer plan would put state finances at risk

Property Regulation

APCIA renews support for Fix Our Forests Act

US House of Representatives passed forest management bill last year, but measure languishes in Senate

Regulation Property

Spokane fire losses could hit $1bn mark

At least 850 structures in the area have suffered fire damage as a result of the blazes

United States Property
See All
UsernamePublicRestriction

Register