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Americas

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

 

Ryan Specialty promotes three in its underwriting managers unit

The broker named Brian Lillis as chief operating officer, and Eric Quinn and Chris Taggart as senior vice-presidents.

Specialty People moves

US commercial prices continue to moderate in Q2

Despite the slowdown in premiums it was the 19th consecutive year of rising commercial prices

United States Specialty

Axa XL names Perrotti as chief underwriter for marine in Americas

Perrotti will be responsible for all underwriting activities in the US, Canada, and Bermuda, and will oversee marine lines including inland marine, ocean cargo, blue- and brown-water hull

People moves United States

Reinsurers' results improve with shift away from prop cat risks: report

Global reinsurers have bolstered the casualty and specialty components of their portfolios in recent years due to  natural catastrophes losses and secondary perils

United States Casualty

Liberty Mutual announces two senior appointments to global risk solutions team

The insurer has named Crystal Ottaviano to the role of chief risk officer and Chantal Rodriguez to the role of chief underwriting officer

People moves Liberty

Concert Group names Kovach as senior vice-president of underwriting

Kovach has over 30 years’ experience in insurance and reinsurance and joins the Concert Group from American Family Insurance

United States People moves

Argo names Snyder as president of US insurance

Snyder joins from GuideOne Insurance, where she had served as president and chief executive since 2017 and oversaw its restructuring into a mutual holding company

United States People moves

Coalition acquires Digital Affect and its 50 US state licences

The acquisition of Digital Affect will enable Coalition to offer insurance across the US through its own admitted insurance carrier

United States

Hallmark's Q2 loss widens on adverse development and investments

The loss reflects a $32.5m increase in adverse proper-period reserve development and a negative $7.9m swing in realised investment results

United States Casualty

Hub expands in Canada with acquisition of Jaimac in Ontario

The Ontario-based independent broker specialises in risk management and credit insurance for companies with unique risk-mitigation needs

Canada Mergers and Acquisitions

US cyber premiums jumped 94.7% in 2021: report

The jump was led by Fairfax Financial, according to a market ranking by AM Best

Cyber United States

AM Best downgrades Kemper, citing earnings deterioration

The downgrades were primarily driven by unfavourable operating performance tied to elevated inflation and supply chain disruptions

United States Casualty

Citizens' policy count tops 1m mark

This marks the first time since 2014 that Citizens reached the 1m mark, the company disclosed on its website last week

United States Casualty

Activist investor Voce gets board seat at Argo

Argo Group International Holdings appoints Voce founder, J Daniel Plants, as an independent member of its board of directors

Bermuda People moves

Fireman's Fund found not liable in Covid BI case in South Carolina

South Carolina Supreme Court rules the virus does not physically alter property and does not trigger coverage for direct physical loss or damage to an insured property

United States Property
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