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
RenRe CFO and portfolio oversight chief to retire
Bob Qutub and Ross Curtis to retire at the end of the year
Munich Re shares fall 11% as European insurance stocks tumble
Strong growth lifts Hiscox and Zurich in tough week for insurance and reinsurance stocks
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
Pelagos cuts COR by 29 points in Q1
Former Fidelis Insurance Group swings profit as it books 86.6% combined ratio
Conduit Re increases GWP by 4.5% in Q1
Bermuda-based reinsurer’s growth was driven by casualty lines where premiums increased by 23%
SME cyber exposure creates opportunities for insurers
Many small businesses have missing or invalid email authentication controls, analysis finds
Growth engine or gimmick? The sandbox debate
Regulators are embracing sandboxes to encourage innovation, but how many insurers want to play?
US government urged to move NFIP policies to private market
Advisory panel calls for national flood insurance clearinghouse with mandatory depopulation
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
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
AIG shares rocket after Q1 profit surge
Global giant’s stock climbs 5.3% as insurance shares enjoy largely positive week
Hiscox Q1 premiums rise 10.2% on strong retail demand
Bermuda-based re/insurer reports ‘limited’ loss notifications from Middle East conflict
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
Axis continues to downsize cyber portfolio
Chief executive Vince Tizzio warns on cyber rate adequacy amid worsening risk environment
Oak sponsors New Energy’s green tax credit cover
Lloyd’s carrier expands climate and technology division with capacity partnership
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