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 raises Quebec ice storm loss estimate to C$416m

Loss estimate covers both commercial and residential property and vehicle claims

North America Canada

Gallagher Re hires Aon’s Muñoz to lead global fac

Broker hires industry veteran Pablo Muñoz to drive global facultative growth and strikes deal with Japanese fac partner

North America International

Allstate closes $1.25bn sale of group health business to Nationwide

US property/casualty giant continues divestment programme to focus on core lines of business

United States Property

Munich Re acquires insurtech Next

German reinsurance giant buys remaining shares in California-based insurtech

United States Insurtech

LatAm insurers face slowdown this year

US trade policy will dampen growth but insurers’ credit ratings should stay stable, according to Fitch

South America Mexico

Casualty ceding commissions ‘generally flat’ at mid-year renewals

Improving casualty economics led to stable market at the June/July renewals, brokers report

North America International

Property catastrophe rates down 5% to 15% at 7/1: Guy Carpenter

Reinsurance capacity exceeds cedant demand more than 20% at key renewal, despite first-half catastrophe losses of $70bn

North America International

Rod Fox leaves Howden Re

Departure comes three years after Howden’s merger with TigerRisk, which Fox founded in 2008

North America Broker

Accelerant files for initial public offering

Risk exchange announces plans for offering amid an active IPO period for the insurance sector

United States Property

Buyer-friendly conditions accelerate at mid-year reinsurance renewals: Aon

June/July renewals characterised by ‘broadly competitive environment’ as reinsurers, ILS markets and new entrants look to deploy capacity and grow market share, global broker says

North America International

Lloyd’s welcomes withdrawal of US penalty taxes

US agrees to pull Section 899 ‘retaliation tax’ from Trump budget currently in Senate

United States Lloyds

Two more carriers approved to enter Florida insurance market

Incline National Insurance and Florida Insurance and Reinsurance given green light by regulators

United States Property

Reinsurer association warns of legal uncertainty in Brazil

New insurance contract rules threaten to disrupt market practices and could affect the availability of capacity in Brazil, Rafaela Barreda, president of trade association Fenaber, says

Brazil Reinsurance

Hurricane Erick insured losses ‘below $2bn’

Insured losses expected to be ‘well below’ those caused by 2023’s Hurricane Otis, rating agency AM Best says

Mexico Hurricane Season

SiriusPoint names Catalina’s Pryde as CRO

Bermuda-based carrier appoints legacy specialist Catalina executive as group chief risk officer

Bermuda Reinsurance

Descartes launches parametric US flood product

Pluvial, fluvial, and coastal floods are covered up to $70m per contract, with escalating payouts based on flood depth at the insured site

United States Property
See All
UsernamePublicRestriction

Register