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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 

South America Casualty

Fides voices 'concern' over Argentina’s insurance woes

Import tax on reinsurance transactions will be applied retrospectively to treaty and facultative contracts

Argentina Reinsurance

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

United States Property

Isherwood exits Swiss Re following restructure

Chief executive of Swiss Re’s Americas reinsurance business to step down at the end of the month

North America Reinsurance

Insurtech Openly raises $100m in funding

Latest funding round for homeowners' specialist led by Eden Global Partners 

United States Casualty

Allstate books $551m of catastrophe losses in August

US group’s losses driven by wildfires in Maui

United States Property

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

Europe United Kingdom

Ransomware drives increase in US cyber claims: Coalition

Frequency and severity of claims increased in the first half of the year

United States Specialty

Axis names Beaudoin as head of partnership office

Former Hartford executive will guide the implementation of Bermuda-based carrier’s enterprise-wide transformation initiatives

Bermuda Axis Capital

Hay steps down as Arch Bermuda head

Executive has led the specialty insurance unit of Arch Capital for five years

Bermuda Arch Capital

QBE names Wood as permanent NA chief

Wood has held the post on an interim basis since the departure of Todd Jones in August

North America QBE

Canadian storms insured losses to exceed C$300m

Storms swept across Alberta and the Canadian Prairies over the summer

Canada Property

Gallagher to acquire Eastern Insurance for $510m

Acquisitive broker strikes deal for third-largest US bank-affiliated insurance intermediary

United States Broker

Trisura names Michalakos head of NA surety

Canadian specialty carrier hires Aviva executive to expand surety portfolio 

North America Specialty

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

United States Casualty

Everest launches US wholesale and programmes division

Division includes specialised wholesale segments, underwriters and distribution teams

United States Everest Re
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