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Americas

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

 

Chubb promotes O'Brien to chief risk officer

In the new role O'Brien will oversee the group's enterprise risk management organisation

North America Chubb

Axis names Chubb's Watt as chief claims officer

Watt will oversee the management and direction of the claims department across the re/insurer’s global portfolio

North America Axis Capital

Fair Plan reaches deal to double commercial limits to $20m

A new deal with the California Department of Insurance will see limits increase for the first time in more than 20 years

United States Property

NSM broadens European presence with acquisition of Acquis in UK

Managing general agent NSM's new acquisition Acquis provides insurance solutions for the asset financing and leasing industry

United Kingdom United States

Stockwatch: SiriusPoint rallies on Fitch outlook revision

Bermuda-based carrier gains 7.9% this week after stable rating, as Beazley rises for second week running 

Europe United Kingdom

Marsh McLennan expands board

Global broking and consulting group appoints Judith Hartmann and Ray Young as board directors

North America Marsh

Kemper issues $1.6m in refunds for wildfire overcharges

US multi-line insurer agrees settlement with the California Department of Insurance after breaching state regulations on wildfire risk scoring

United States Property

Citizens eyes $4.2bn in new risk transfer for 2023 hurricane season

Florida last resort insurer's board has budgeted $725m to cover the costs of the targeted reinsurance programme 

United States Reinsurance

Private US insurers' 2022 underwriting losses soar

Net earnings fell 34% to $41.2bn last year as the sector’s underwriting loss increased to $26.9bn from $3.8bn

United States Casualty

BMS names Tigleanu head of cyber strategy

Broker hires senior underwriter from Munich Re to spearhead development of new products 

Bermuda Cyber

Hallmark Q4 loss deepens on adverse development

US group’s combined ratio deteriorates to 183.9% from 125.3% in the fourth quarter, with adverse development up nearly 33 points

United States Casualty

Hurricane Ian insured losses approach $14bn in Florida

A total of 708,255 claims have been filed of which 80% are closed, according to the state's Office of Insurance Regulation 

United States Property

Canadian insurers welcome government flood insurance proposal

The C$31.7m initiative would include the offering of reinsurance through a federal corporation and a separate insurance subsidy programme

Canada Property

WR Berkley names Albert president of luxury unit

US insurer hires Selective executive to lead Berkley Luxury Group 

North America Casualty

Everest Insurance names Chaves as Mexico head

Bermudian carrier continues international expansion with appointment of Chubb executive to drive insurance growth in Mexico

Mexico Everest Re

HDI Global Specialty extends aviation platform to Canada

Specialty insurer will initially offer general aviation policies through brokers via Aviation IQ platform

Canada Aviation
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