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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

North America Reinsurance

Aon names Romeo Bermuda reinsurance head

Global broker promotes executive managing director of wholesale treaty to succeed Tony Fox

Bermuda Aon

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

United States Property

AM Best puts US D&O sector on negative outlook

Rating agency warns of tighter regulations, higher litigation costs and low premiums

United States Casualty

Palomar names Bradley as a director

US specialty catastrophe insurer appoints former Argo chief executive Thomas Bradley to its board

United States Property

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

United States Reinsurance

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

United States Property

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

South America Liberty

Connecticut insurance regulator issues AI rules

Department warns against discrimination, errors and lack of data protection

United States Regulation

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

Bermuda Reinsurance

American Coastal swings to Q4 profit

Florida residential insurer’s combined ratio improves 37.9 points to 66.6% on lower losses

United States Casualty

Fidelis income rises 90% as premiums surge

Bermuda-based group’s combined ratio climbs 15.2 points to 81.4% on higher major losses

Bermuda Reinsurance

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 

United States Casualty

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

Europe United Kingdom

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

International Europe

Axis names Becker non-executive chair

W Marston Becker succeeds Henry B Smith as chair of the specialty re/insurer

Bermuda Axis Capital
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