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Latest North America News

US Personal Auto: Back on course?

All signs are pointing to a turnaround for the troubled US auto market although pitfalls remain, Fitch Ratings warns.

AM Best maintains US personal lines market rating

Intense competition and improved financial performance see US personal lines market retain “stable” ranking.

Minnesota state reinsurance fund slashed

State government alarmed as federal officials cut aid for its reinsurance healthcare fund.

AIG expecting large Q4 loss

Brian Duperreault states that the company will take a hit of approximately $800m.

California blazes ignite a Q4 nat cat loss for The Hartford

Expectant losses from the fourth quarter will be between $350m to $365m.

AIG appoints new CFO, Asia CEO

Raft of new appointments at AIG as Mark Lyons becomes CFO, and Sachin Shah joins as Asia Pacific CEO.

California Insurance Department takes control of Camp Fir...

Merced Insurance Company has been placed in liquidation following extensive losses from recent record-breaking wildfires.

Chubb announces nat cat loss for Q4

Insurer says loss is attributable to the California wildfires of approximately $225m pre-tax.

Op-Ed: Consumers deserve a long-term flood insurance solu...

WSIA Executive Director Brady Kelley explains why a robust private market is the answer, not short-term reauthorizations.

Comments

Americas editor comment: Brexit's North American impact - FREE

The implications of the UK’s vote to leave the EU on the North American re/insurance industry remains opaque.

Garry Booth comment: Future shock warning - FREE

Some of what Alvin Toffler, author of influential book Future Shock, said about society could be applied to the insurance industry’s state of mind.

Garry Booth comment: Fort McMurray wake-up - FREE

Under successive leaders, Canada has been one of the worst performers on the global stage in terms of climate protection.

Garry Booth comment: Benmosche bio on AIG - FREE

If Carl Icahn is looking for holiday reading he might consider ordering the recently released autobiography of the late Bob Benmosche, writes Garry Booth, Reactions' contributing editor.

Americas editor comment: Disruptive influences - FREE

Disruption was the name of the game at this year’s Risk and Insurance Management Society’s annual gathering, writes Christopher Munro, Reactions' Americas editor.

Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

Americas editor comment: US market heads to RIMS

All sorts of business classes will be widely discussed at the upcoming Risk and Insurance Management Society’s (RIMS) annual conference, but it is likely cyber liability will once again dominate many of the talks.

M&A covers: After the happy ending

Plenty of excitement surrounds news of a merger or acquisition, but often only part of the story ever makes it into the press.

Garry Booth comment: no COP out for insurers - FREE

As the euphoria around the “success” of the COP21 climate talks subsides, and reality bites, the insurance industry can start to take stock of what it all means for them.

Interviews

Adaptation: The key to Assurant's future

CEO Alan Colberg outlines the changes brought to its management structure, its risk selection and its embrace of new technologies.

MMC Q3 results hit market expectations

Earnings per share ticked up to $0.79 for the quarter while underlying revenue at Guy Carp increased by 4% on the prior year period.

Marsh hires sponsored programs head

Michael Westwood will head the unit which is focused on providing insurance solutions for business networks.

Insurers are wasting unstructured data - CSC, Xchanging

Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.

Willis Re’s John Cavanagh: Time to buy more reinsurance

Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.

Micro insurance consortium: Aspen’s Mario Vitale interview

Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.

Profiles: Top women in re/insurance

Profiles: Contrary to the diverse consumer base insurance serves, most industry C-suites are dominated by white, older men. Reactions speaks to some of the industry’s most renowned women as well as what can be done to get more women in the industry.

Kevin O'Donnell's tough act to follow at RenRe

Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.

Swiss Re’s Smith: NFIP is “unsustainable”

Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.

Latest Issue

November 2018

 

In this month's Reactions

  • Mike McGavick interview
  • Baden Baden roundup
  • SIRC roundup
  • PCI roundup
  • Reactions North American Conference 
  • Reactions North American Awards
  • Aerospace 1/1 renewals
  • Solar power reinsurance

CLICK HERE TO READ THE LATEST ISSUE

 

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