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Americas

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

 

Axis confirms Kirk as chief financial officer

Former Enstar executive Matthew Kirk succeeds Peter Vogt

Bermuda Axis Capital

Brokers lead as Iran war volatility continues

The broking sub-group climbs 1.2% this week, led by Marsh, as SiriusPoint and Everest drive Bermuda gains

Stockwatch Europe

US P&C insurers post strong full-year underwriting profit

Near-tripling of underwriting gains attributed to limited catastrophe losses rather than underlying improvements

United States Property

Pinion taps Aspen’s Jones for CFO as build-out continues

Newly launched specialty insurer hires Aspen Insurance executive Chris Jones to lead its finance function

Specialty People moves

Everest hires Busti to lead NA treaty reinsurance

Axis Re executive Jason Busti joins Bermuda-based group

Everest Re People moves

Major hailstorm loss ‘could rival cat 4 hurricane’

Insured loss from a one-in-50-year hailstorm event could approach $30bn, Cotality finds

Property Losses

Catlin stands down as Convex chairman

Re/insurer's co-founder to remain on company's board as life president, as Onex's Bobby Le Blanc appointed chairman

Bermuda Convex

The growing insurance implications of social media addiction

The insurance sector is entering a new phase of digital risk, where liability extends far beyond data breaches or content and now encompasses platform design, user behaviour, mental health impacts, and broader questions of responsibility

Legal focus North America

Starr completes purchase of IQUW Group

Transaction creates ninth-largest Lloyd’s managing agency and provide US firm an entry into Bermuda reinsurance market

Mergers and Acquisitions Lloyds

Everest agrees sale of Canada retail business

Canadian mutual Wawanesa to acquire $305m commercial lines portfolio for an undisclosed sum 

Mergers and Acquisitions Everest Re

Darag has always been a differentiator: Booth

Darag Group chief executive Tom Booth explains how bucking trends has made the firm a legacy market leader

Guernsey Big Interview

Tokio Marine inks strategic partnership with Berkshire Hathaway

Berkshire Hathaway subsidiary National Indemnity Company to acquire 2.5% equity stake in the Japanese giant and provide whole account quota share reinsurance

Reinsurance Berkshire Hathaway

Chubb updates on US Gulf reinsurance plan

US insurance giant will set prices and handle claims, while the federal government will determine access terms

Strait of Hormuz crisis Marine

M&A insurance demand expected to remain high

Lower interest rates should spur deals, but ‘geopolitical instability’ could dampen deal appetite, Marsh warns

Broker Marsh

US hit by second $1bn+ storm loss

Gallagher Re warns insured losses from mid-March could increase

Property Aon

US think tank proposes federal reinsurance fund

Brookings Institute proposal would see federal agency take on ‘extreme tail’ risks to support property insurers

United States Reinsurance
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