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

Calgary hailstorm insured losses pegged at C$92m
The July 13 storm struck towards the end of the annual Western festival, the Calgary Stampede

US commercial lines prices rise 3.7% in Q2: CIAB
Price increases slow compared with the first quarter of the year, but social inflation fuels sharp hikes in umbrella cover, report finds

Marine insurers risk sanctions penalties if regulations diverge on Russia oil exports
Hull, cargo and P&I underwriters may not be able to follow US leads unless Americans fall into line with Brussels rules, Lloyd’s Market Association says

Beazley shares tumble on growth cut
Specialty re/insurer's shares drop 13.7% this week, dragging down the Lloyd's sub-group

Vesttoo trust targets Aon and China Construction Bank
Latest court filing alleges that Aon committed fraud as it sought to promote a new intellectual property-backed lending product

BP Marsh launches reinsurer to support XPT Group
New reinsurer will allow XPT’s underwriting arm to provide limited risk capital to selected programmes

Fidelis profits hit by aviation lessor court ruling
The re/insurer’s second-quarter combined ratio deteriorated to 103.7%, largely as a result of the recent English High Court ruling on stranded aircraft

Axis launches business for structured and multi-line capacity deals
Deals through Axis Capacity Solutions will be offered on both a facilitated and delegated basis

Aspen underwriting income surges 25% in Q2
Bermuda-based carrier posts improved combined ratios in both insurance and reinsurance segments

SiriusPoint partners with Arden on wildfire-exposed risks programme
New policy combines all-risk cover with embedded parametric protection for high risk properties

Chubb promotes Haney to global surety president
Chubb’s president of North America surety is succeeded by Teresa Black

CatIQ trims Debby remnants flood loss estimate
Insured losses from floods affecting Ontario and Quebec lowered to C$2.81bn as coverage limits reached

HDI Global appoints Aguiar as US head of energy and power underwriting
Industrial insurer makes strategic appointment to drive growth in US market

Lancashire execs Spence and Johnston to retire
Carrier makes string of promotions as John Spence and Hayley Johnston step down

Howden confirms $4.1bn debt repricing
Broker cuts interest costs on term loan as its gears up for US expansion

How insurers are venturing into digital assets
Protection is becoming more available, but a lack of information and familiarity with the industry leaves insurers somewhat reluctant to jump into crypto
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