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Americas

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

 

Early May US storms produce nine-figure losses: Aon

Severe convective storms struck the south-central and southeastern US between May 8 and 10

United States Property

RenRe CFO and portfolio oversight chief to retire

Bob Qutub and Ross Curtis to retire at the end of the year 

Reinsurance RenaissanceRe

Munich Re shares fall 11% as European insurance stocks tumble

Strong growth lifts Hiscox and Zurich in tough week for insurance and reinsurance stocks

Stockwatch Munich Re

AI-powered broker Novella raises $21m to drive expansion

US-based excess and surplus lines broker plans to expand staff and regional footprint and improve AI systems

Technology Broker

Pelagos cuts COR by 29 points in Q1

Former Fidelis Insurance Group swings profit as it books 86.6% combined ratio

Reinsurance Bermuda

Conduit Re increases GWP by 4.5% in Q1

Bermuda-based reinsurer’s growth was driven by casualty lines where premiums increased by 23%

Reinsurance Bermuda

SME cyber exposure creates opportunities for insurers

Many small businesses have missing or invalid email authentication controls, analysis finds

Cyber United Kingdom

Growth engine or gimmick? The sandbox debate

Regulators are embracing sandboxes to encourage innovation, but how many insurers want to play?

Innovation Special Report

US government urged to move NFIP policies to private market

Advisory panel calls for national flood insurance clearinghouse with mandatory depopulation

Property United States

Dry spring stokes wildfire fears across Western US

Lack of snowfall means plenty of fuel for wildfires, especially in California and interior Southwest, experts warn

Property United States

SiriusPoint reports core income up 67% in first quarter

Bermuda-based carrier cuts combined ratio to 88.9% on the back of insurance premium growth and light catastrophe load

SiriusPoint Reinsurance

AIG shares rocket after Q1 profit surge

Global giant’s stock climbs 5.3% as insurance shares enjoy largely positive week

Stockwatch AIG

Hiscox Q1 premiums rise 10.2% on strong retail demand

Bermuda-based re/insurer reports ‘limited’ loss notifications from Middle East conflict

Hiscox Bermuda

US D&O market still in the black, but uncertainty persists

Continued premium reductions and volatility in claim severity could challenge the sustainability of recent underwriting gains, Fitch warns

United States Casualty

Axis continues to downsize cyber portfolio

Chief executive Vince Tizzio warns on cyber rate adequacy amid worsening risk environment

Cyber Axis Capital

Oak sponsors New Energy’s green tax credit cover

Lloyd’s carrier expands climate and technology division with capacity partnership

Climate change United States
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