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

Slide launches IPO targeting valuation of up to $2.1bn
Florida carrier could raise up to $340m from the share offering

Los Angeles wildfires send US insurers to $1.1bn Q1 underwriting loss
Sector books 34% decline in pre-tax operating income to $19.6bn, analysis of results by AM Best finds

US P&C sector still expected to post sub-100% COR in 2025: Fitch
Sector books 98.8% combined ratio in first quarter of the year, following $50bn of wildfire-driven insured losses

Howden acquires Peruvian reinsurance broker
Innova Re specialises in commercial lines including property, aviation and civil liability

Ryan Specialty launches unified global renewables division
Managing general underwriter to combine renewable energy MGUs, PERse Americas and PERse International, with recently acquired Albus

US severe convective storms pose risk to solar
Severe convective storms are driving record insured losses in the US and posing growing risks to solar farms – innovative mitigation strategies and advanced risk assessments are vital for resilience

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
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