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
Bermuda regulator consults on AI guidance
Rules will require a uniform level of oversight from all firms, regardless of size
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
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
Price Forbes names Harris head of US casualty
London market broker hires Howden executive to lead US casualty practice
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
LM Re parametric quake product pays out in Peru
Payout triggered by the magnitude 5.8 earthquake that struck Peru earlier this year
Chubb and AIG shares lead fallers as negative sentiment persists
The basket of stocks tracked by Insurance Day declined by 1.5% this week
Pelagos profits double in Q2
Former Fidelis Insurance Group returns to underwriting profit amid lower large losses and favourable reserve development
Aon’s NFP makes retail cannabis business push
Acquisition of Frontier Risk unit to increase broker’s expertise in specialised sector
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
H1 insured losses hit six-year low at $42bn: Swiss Re
Severe convective storms remained biggest insured-loss driver in the period
TSR lowers hurricane season forecast
Forecaster now expects four hurricanes, down from five in July
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
APCIA renews support for Fix Our Forests Act
US House of Representatives passed forest management bill last year, but measure languishes in Senate
Spokane fire losses could hit $1bn mark
At least 850 structures in the area have suffered fire damage as a result of the blazes
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