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
Canadian cyber incidents triple in two years
Disruptive cyber attacks expected to hit 32 by year-end, new report by QBE Canada finds
Reinsurers’ catastrophe PMLs continue to grow: Moody’s
Despite moderating prices reinsurers are ‘generally still eager’ to deploy capacity, particularly for US wind risk
Ryan Specialty strikes deal for surplus lines broker JM Wilson
Michigan-based firm offers a variety of products, including personal lines, surety and transportation
NAIC opposes ban on state AI laws
Regulatory body says definition of AI is too broad and ban would hamper oversight of insurer models
Rates, capital and legal reform: key takeaways from June 1 renewals
Reinsurance prices continue retreat from 2023 peak despite strong demand
Major US earthquake could lead to $20bn-plus civil unrest losses
Modelling from Lloyd’s Lab alumnus Synthetik reveals ‘significant aggregation risk’ from civil unrest following a catastrophic event
Ategrity Specialty launches IPO
Excess and surplus lines carrier expects to raise around $100m from share offering
APCIA hails success in Texas legislative session
Insurance association marks victories despite failure of major tort reforms bill
Peak Re’s Bermuda chief eyes casualty ILS opportunity
Gene Zhang sees ‘tremendous potential’ in casualty ILS strategy to diversify capital base
Axis restructures global cyber team
Carrier names Smith head of cyber North America and cuts three senior underwriting roles
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