Americas
See below for coverage of the US and other growing markets in the Americas
Climate change and ESG top agenda as Latin American underwriters gather in Rio
With the Fides conference recommencing after a four-year hiatus, the sector faces mounting pressure from investors, regulators and public opinion amid rising catastrophe losses and an increased focus on sustainability
Fides voices 'concern' over Argentina’s insurance woes
Import tax on reinsurance transactions will be applied retrospectively to treaty and facultative contracts
Citizens policyholders receive offers from private carriers
Around 300,000 policyholders of Florida last resort insurer receive offers from private carriers as part of depopulation programme
Isherwood exits Swiss Re following restructure
Chief executive of Swiss Re’s Americas reinsurance business to step down at the end of the month
Insurtech Openly raises $100m in funding
Latest funding round for homeowners' specialist led by Eden Global Partners
Allstate books $551m of catastrophe losses in August
US group’s losses driven by wildfires in Maui
Stockwatch: WTW climbs 5.7% in good week for US insurance stocks
Bermudian re/insurance stocks performed well amid expectations of a continued hard reinsurance market
Ransomware drives increase in US cyber claims: Coalition
Frequency and severity of claims increased in the first half of the year
Axis names Beaudoin as head of partnership office
Former Hartford executive will guide the implementation of Bermuda-based carrier’s enterprise-wide transformation initiatives
Hay steps down as Arch Bermuda head
Executive has led the specialty insurance unit of Arch Capital for five years
QBE names Wood as permanent NA chief
Wood has held the post on an interim basis since the departure of Todd Jones in August
Canadian storms insured losses to exceed C$300m
Storms swept across Alberta and the Canadian Prairies over the summer
Gallagher to acquire Eastern Insurance for $510m
Acquisitive broker strikes deal for third-largest US bank-affiliated insurance intermediary
Trisura names Michalakos head of NA surety
Canadian specialty carrier hires Aviva executive to expand surety portfolio
AM Best goes negative on US homeowners' market
Loss-hit sector further challenged by more frequent secondary weather perils as well as higher reinsurance retentions, rating agency says
Everest launches US wholesale and programmes division
Division includes specialised wholesale segments, underwriters and distribution teams
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