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Americas

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

 

Nat cats imperil 56% of planned US data centres

Nearly $800bn of US data centre investment exposed to storms, hurricane and quake risk, MS Amlin analysis reveals

Property Specialty

Understanding aviation risk in Brazil's agricultural sector

The seasonal concentration of losses, the variability of pilot quality, the constraints of the local repair environment and the expected emergence of autonomous platforms present challenges for the insurance market

Specialty Aviation

Trump sanctions on Cuba take full swing against non-US shipowners

Marine insurers face Catch-22 blocking statute, Lloyd’s Market Association warns

Cuba Specialty

Acrisure to lay off 2,250 staff in digitalisation push

Company plans to dismiss 11% of staff, mainly in US, by 2027

United States Brokers

Storms cause another nine-figure loss week in US

Hurricane-force winds recorded in several locations

North America United States

NOAA says ‘below-normal’ Atlantic hurricane season likely

El Niño may intensify Pacific season while breaking up Atlantic storms

Property Reinsurance

Howden launches US aviation practice

Julio Jimenez to lead new practice targeting airlines, aerospace companies and aviation operators

Aviation Howden

Hiscox leads risers in strong week for insurance stocks

Shares in London-listed Hiscox climb 13.5% amid bid speculation

North America Europe

Investors plan to increase allocation to insurance-linked structures

Three-fifths of investors plan to increase exposure to insurance-related assets over the next two years, Gallagher Re survey finds

Reinsurance InsuranceLinked Securities

Moody’s uses AI tool to reveal hidden property storm risk

Half of US properties analysed saw modelled losses rise by more than 15% when AI-enhanced aerial data applied

United States Property

SIGCo slams US government ‘coercion’ over $40m OPA90 claim

Settlement reached in protracted litigation over Oil Pollution Act 1990 compensation claim for a casualty that did not involve spillage of any oil

Marine Specialty

Everest sells Colombia subsidiary to AIG

Sale continues carrier’s exit from commercial retail insurance operations

Mergers and Acquisitions AIG

CFC appoints Howard chairman

Former Truist chairman and chief executive Howard will support underwriting firm’s US expansion plans

London Specialty

International Group reserves $2.85bn for Baltimore bridge claims

US state of Maryland reaches $2.25bn out-of-court settlement with the owners and managers of boxship Dali

Specialty Marine

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
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