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Americas

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

 

WTW appoints Freely to lead global financial solutions

Global broker hires BPL Global president Evan Freely to oversee its New York-based global credit and political risk team

Willis Towers Watson North America

Sompo names AIG's Doyle as global markets COO

Bermudian re/insurer hires Lawrence Doyle from AIG to oversee operational performance and key transformational programmes 

North America Sompo International

Fraudulent funds transfer claims surge in Q3

FFT claims reach record high in third quarter, accounting for one-third of the period’s cyber claims in the US, according to new analysis

North America Cyber

Stockwatch: Scor rises despite downgrade

Insurance stocks prove resilient in a negative week for equities as Beazley set to enter FTSE 100

Europe North America

WR Berkley names Neville as senior vice-president of claims

US insurer hires Sompo International's head of claims Lynn Neville to oversee all aspects of claims management, administration, and operations

United States People moves

Relm 'remains committed to digital asset sector' despite FTX exposure

Bermuda-based carrier's CEO confirm FTX exposure but insists company remains 'well capitalised' 

Bermuda Specialty

Florida regulator places United P&C under supervision

State regulator also approves solvency run-off of St Petersburg-based United, which has posted underwriting losses of more than $35m for each of the past five years

United States Property

Legal Focus: Policyholder wins on wordings issue

Contra proferentem and other rules of policy interpretation apply even to language insurers argue is ‘manuscript’, California Supreme Court confirms

North America Claims Management

Alliant appoints Marsh's Carron to HNW division

Joe Carron named executive vice-president of Alliant Private Clients in Florida

United States People moves

Bermudian re/insurers to absorb $13bn of Ian losses: BMA

Companies on the island may incur as much as 25% of industry losses tied to Hurricane Ian, which are expected to range from $50bn to $75bn

Bermuda Reinsurance

Florida lawmakers outline insurance reforms for upcoming special session

Lawmakers will examine ways to rein in the cost of claims-related litigation, raise the availability of reinsurance, curb the practice of assignment of benefits, and stabilise the finances of last-resort insurer Citizens Property Insurance

United States Property

CEA warns $3.5bn 1/1 programme 'may not be fully placed'

World’s second-largest buyer of natural catastrophe reinsurance reveals October 1 programme not fully renewed and casts doubt on April 1 contracts as capacity challenges escalate 

North America Property

KCC releases climate change models

Catastrophe modeller unveils new stochastic models for hurricanes, flood and wildfires as the weather-related perils most influenced by climate change

North America Property

US commercial lines to soften in 2023: WTW

Rate moderation will be led by cyber and D&O lines, broking giant says

United States Willis Towers Watson

Munich Life Re US names Parnell as CFO

Life reinsurer hires Scot Parnell from US on-demand payroll services firm DailyPay

United States Munich Re

Chubb names Mollica as financial lines president for North America

Mollica has been with Chubb since 2008, most recently serving as executive vice-president and the division’s head of private/not-for-profit business

North America Chubb
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