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

Lockton Re appoints Lewis to head North American cyber practice
Lewis joins from Zurich North America, where he was cyber product leader

Aon names Romeo Bermuda reinsurance head
Global broker promotes executive managing director of wholesale treaty to succeed Tony Fox

Florida approves transfer of more than 54,000 Citizens policies
Last-resort insurer's policy count has fallen to just over 1.16 million policies at the end of February following depopulation programme

AM Best puts US D&O sector on negative outlook
Rating agency warns of tighter regulations, higher litigation costs and low premiums

Palomar names Bradley as a director
US specialty catastrophe insurer appoints former Argo chief executive Thomas Bradley to its board

Heritage seeks $100m in storm cover with Citrus Re catastrophe bond
Bond will provide multi-year coverage against storm losses in Alabama, Georgia, Mississippi, the Carolinas and Florida

Losses from Texas wildfire to reach hundreds of millions: Aon
Smokehouse Creek fire has consumed more than 1,700 square miles and spread into Oklahoma, ranking it as the largest wildfire in the state's history

Liberty Mutual closes sale of Latin America business
US insurance giant completes $1.5bn sale of its Liberty Seguros business in Chile, Colombia and Ecuador to Talanx

Connecticut insurance regulator issues AI rules
Department warns against discrimination, errors and lack of data protection

IGI expects full-year profits to soar 42%
Bermuda-based re/insurer’s preliminary earnings show operating profit of $133m with gross written premiums up 18% to nearly $690m

American Coastal swings to Q4 profit
Florida residential insurer’s combined ratio improves 37.9 points to 66.6% on lower losses

Fidelis income rises 90% as premiums surge
Bermuda-based group’s combined ratio climbs 15.2 points to 81.4% on higher major losses

State Farm narrows net loss to $6.3bn in 2023
Catastrophe losses drive US group's full-year property/casualty underwriting loss to $14.1bn

Stockwatch: Beazley shares up 12% in strong week for insurance equities
Insurance Day’s selected stocks climb 3.2% on average this week, with all but two gaining in value

D&O insurers grapple with ESG pressures
ESG policies can generate lawsuits against companies and their directors where they are too weak, overpromise or annoy conservatives. The US is at the forefront of this wave, but other jurisdictions are catching up

Axis names Becker non-executive chair
W Marston Becker succeeds Henry B Smith as chair of the specialty re/insurer
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