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Americas

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

 

Banyan Risk launches inland marine and marine property line

Bermuda-based MGA continues product expansion strategy with Accredited-backed line

Marine People moves

Conduit Re parent names new CFO

Bermuda reinsurer hires Aspen senior executive Mark Pickering

People moves Reinsurance

Baltimore claims 'may bust pool scheme upper limit’

Payouts could top the $3.35bn upper limit on the International Group pool scheme, Lockton warns

Specialty Marine

Munich Re to acquire cyber insurtech At-Bay for $575m

Reinsurance giant agrees to acquire top 10 US cyber specialist 

Munich Re Cyber

Colombia quake will cause billions in insured losses

Gallagher Re estimates losses in the ‘low-to-mid single-digit billions’ of dollars range

Property Gallagher

Willis Re buys BMS Re US

Acquisition provides ‘strong platform’ to accelerate reinsurance broker’s geographic growth and diversify business lines

Broker Mergers and Acquisitions

Miller hires Vickers to lead Bermuda D&F

Wholesale broker continues Bermuda build-out with Gallagher hire

People moves Property

Aon finance chief Reese steps down

Broking giant appoints Nadin Virani as interim chief financial officer

Broker Aon

CatIQ increases Canada thunderstorm losses to C$439m

Loss aggregator’s second tally is higher than initial estimate of C$374m

Canada Losses

Bermuda regulator consults on AI guidance

Rules will require a uniform level of oversight from all firms, regardless of size

Regulation Technology

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

North America International

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

United States Casualty

Price Forbes names Harris head of US casualty

London market broker hires Howden executive to lead US casualty practice 

London Broker

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

Property Reinsurance

LM Re parametric quake product pays out in Peru

Payout triggered by the magnitude 5.8 earthquake that struck Peru earlier this year

Property Liberty

Chubb and AIG shares lead fallers as negative sentiment persists

The basket of stocks tracked by Insurance Day declined by 1.5% this week

Stockwatch North America
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