North America
-
Lloyd’s ‘comfortable’ with targets despite $2.3bn wildfire losses
Lloyd’s is maintaining its 2025 growth and profitability targets despite market softening and large losses in Q1 from the California…
-
Gallagher expects AssuredPartners deal to close in the Autumn despite regulatory queries
Executives at Arthur J. Gallagher said they are surprised by antitrust regulators’ request for more information on the broker’s planned…
-
SiriusPoint partners with Holmes Murphy on captive umbrella excess insurance
Specialty (re)insurer SiriusPoint is partnering with one of the largest independent insurance brokerages in the US to launch a captive…
-
IQUW launches active assailant cover
UK-based specialty insurer IQUW has partnered with crisis response specialist Crisis24 to provide cover for a physical attack carried out…
-
Spike in cloud service outages driven by Google Cloud downtimes
Outages among the three biggest critical cloud service providers increased by 18% in 2024, while the amount of downtime from…
-
Howden closing in on Risk Strategies acquisition, reports
Howden is reportedly close to finalising a deal to acquire Risk Strategies, a privately held US brokerage firm with more…
-
BHSI scales up US retail general property organisation
Berkshire Hathaway Specialty Insurance (BHSI) is scaling up its US retail general property organisation into four distinct regions: Northeast, Southeast,…
-
Captives seen as vehicles for covering climate-related exposures
As catastrophe losses rise due to increased climate-related events, captives can be used to manage the exposures better, experts say.…
-
US P&C returns to underwriting profit in 2024: Best
The US property and casualty industry swung to a $22.9bn net underwriting gain in 2024 from a $21.3bn loss in…
-
Nat cat parametric insurance platform and reinsurer launched in Bermuda and Texas
An AI-powered parametric insurance platform and reinsurer writing natural catastrophe risks has been launched in Bermuda and Texas. Mythen comprises…
-
Simon Wilson named CEO of Markel Insurance
Markel has named Simon Wilson CEO of Markel Insurance, which comprises its three main underwriting businesses Markel Specialty, Markel International…
-
MSIG expands political risk and trade credit capabilities in Asia
A strategic collaboration between MSIG USA, MSIG Singapore and MSIG Hong Kong has been formed in order to expand the…
-
2024 was second-highest year for commercial property losses in Canada
Insured losses to commercial properties reached the second-highest total in Canadian history at CAN $1.76bn (€1.12bn) in 2024, according to…
-
Beazley appoints head of commercial property, North America
Lindsay Shipper has been appointed head of commercial property, North America, at specialty insurer Beazley, effective 1 April 2025. Reporting…
-
US cats will slow reinsurance price decline: Moody’s
The January reinsurance renewals saw moderate risk-adjusted pricing decreases for property coverage, but recent US catastrophe events such as hurricanes…
-
Coalition hires former Tesla exec as CTO
Cyber insurer Coalition has named former Tesla executive Maha Virudhagiri as the company’s first chief technology officer. In this new…
-
Hurricanes drive Q4 surge in cat claims: Verisk
Late-season hurricanes helped drive a 113% surge in catastrophe claims and a 36% increase in total property claims in the…
-
Insurance M&As slump in 2024, says Clyde & Co
Insurance carrier M&A activity in UK and Europe saw a 48% drop in 2024, while global carrier M&A slumped to…
-
Travelers launches product liability cover for US life sciences
Travelers has announced that it will launch product liability coverage for life sciences companies in the US. The insurer said…
-
Proactive claims management can curb large verdicts
As ‘nuclear verdicts’ rise, companies should take a proactive approach to risk and claims management, a panel of experts said…