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

US D&O prices may rise in face of new risks
Last year saw some growth in premium volume and the best loss ratio in 11 years but insurers remain ‘wary’, according to rating agency AM Best

California to develop standards to address smoke damage and claims
Taskforce to develop ‘long-overdue standards’ for insurance coverage and clean-up of smoke-damaged homes

Florida approves transfer of another 16,250 Citizens policies
Slide Insurance to assume up to 15,000 personal residential multi-peril policies and American Integrity cleared to take up to 1,250 policies

US property MGU Motion Specialty launches with Inigo capacity
Motion Specialty will initially focus on high-value homes and standalone flood insurance across the US

Liberty Mutual Re launches Colombian agriculture parametric product
Product indemnifies farmers against flood and drought perils

AIG names Colombo as LatAm and Caribbean CEO
Global insurance giant hires Swiss Re executive to lead Latin America and Caribbean operations

Insurers welcome Alberta’s approval of no-fault motor insurance
New system designed to streamline motor insurance claims and reduce amount of litigation

Lloyd’s seeing ‘big uptick’ in oil and gas clients: IQUW
IQUW’s lead energy underwriter, David Message, discusses the outlook for the carrier’s upstream property/control of well portfolio

US commercial lines pricing slows in Q1: CIAB
Softening trend continues as price rises slow to 4.2% in first quarter of the year, down from 5.4% in the last three months of 2024, survey finds

Allstate tallies $594m of catastrophe losses in April
Two widespread wind and hail events in the eastern half of the US cost the insurance giant more than $350m

US P&C industry posts best combined ratio since 2013
Improving personal lines sector drives US property/casualty market to full-year combined ratio of 96.6%

Markel faces activist shareholder demands carbon emissions disclosures
Green Century is seeking support for resolution to require the insurer to disclose greenhouse gas emissions from its underwriting, insuring and investment activities

German reinsurance stocks fall as wildfire losses hit combined ratios
Hannover Re and Munich Re shares sink more than 5% while Lancashire bucks the trend

Fidelis combined ratio soars to 115.6% in Q1
Bermuda-based carrier falls to $42m first-quarter net loss as catastrophe losses surge to $333m

Slide secures $250m of storm coverage through Purple Re catastrophe bond
Transaction is the US insurtech’s fourth and largest catastrophe bond issuance to date

Ascot prices $350m senior notes offering
Financing to ‘support profitable growth’ and provide ‘financial flexibility’, Bermuda-based firm’s chief executive says
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