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Americas

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

 

US D&O prices may rise in face of new risks

Last year saw some growth in premium volume and the best loss ratio in 11 years but insurers remain ‘wary’, according to rating agency AM Best 

United States Casualty

California to develop standards to address smoke damage and claims

Taskforce to develop ‘long-overdue standards’ for insurance coverage and clean-up of smoke-damaged homes

United States Property

Florida approves transfer of another 16,250 Citizens policies

Slide Insurance to assume up to 15,000 personal residential multi-peril policies and American Integrity cleared to take up to 1,250 policies

United States Property

US property MGU Motion Specialty launches with Inigo capacity

Motion Specialty will initially focus on high-value homes and standalone flood insurance across the US

North America Lloyds

Liberty Mutual Re launches Colombian agriculture parametric product

Product indemnifies farmers against flood and drought perils

Colombia Property

AIG names Colombo as LatAm and Caribbean CEO

Global insurance giant hires Swiss Re executive to lead Latin America and Caribbean operations

South America AIG

Insurers welcome Alberta’s approval of no-fault motor insurance

New system designed to streamline motor insurance claims and reduce amount of litigation

Canada Property

Lloyd’s seeing ‘big uptick’ in oil and gas clients: IQUW

IQUW’s lead energy underwriter, David Message, discusses the outlook for the carrier’s upstream property/control of well portfolio

Bermuda Special Report

US commercial lines pricing slows in Q1: CIAB

Softening trend continues as price rises slow to 4.2% in first quarter of the year, down from 5.4% in the last three months of 2024, survey finds

United States Property

Allstate tallies $594m of catastrophe losses in April

Two widespread wind and hail events in the eastern half of the US cost the insurance giant more than $350m

United States Property

US P&C industry posts best combined ratio since 2013

Improving personal lines sector drives US property/casualty market to full-year combined ratio of 96.6%

United States Property

Markel faces activist shareholder demands carbon emissions disclosures

Green Century is seeking support for resolution to require the insurer to disclose greenhouse gas emissions from its underwriting, insuring and investment activities

United States Property

German reinsurance stocks fall as wildfire losses hit combined ratios

Hannover Re and Munich Re shares sink more than 5% while Lancashire bucks the trend

Europe United Kingdom

Fidelis combined ratio soars to 115.6% in Q1

Bermuda-based carrier falls to $42m first-quarter net loss as catastrophe losses surge to $333m

Bermuda Reinsurance

Slide secures $250m of storm coverage through Purple Re catastrophe bond

Transaction is the US insurtech’s fourth and largest catastrophe bond issuance to date

United States Reinsurance

Ascot prices $350m senior notes offering

Financing to ‘support profitable growth’ and provide ‘financial flexibility’, Bermuda-based firm’s chief executive says

Bermuda Specialty
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