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
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
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
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
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
Marsh McLennan expands board
Global broking and consulting group appoints Judith Hartmann and Ray Young as board directors
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
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
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
BMS names Tigleanu head of cyber strategy
Broker hires senior underwriter from Munich Re to spearhead development of new products
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
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
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
WR Berkley names Albert president of luxury unit
US insurer hires Selective executive to lead Berkley Luxury Group
Everest Insurance names Chaves as Mexico head
Bermudian carrier continues international expansion with appointment of Chubb executive to drive insurance growth in Mexico
HDI Global Specialty extends aviation platform to Canada
Specialty insurer will initially offer general aviation policies through brokers via Aviation IQ platform
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