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Latest North America News

Blockchain continues steady rise

Maersk's adoption of blockchain for some of its maritime insurance needs and the selection of B3i's blockchain platform are all steps towards integration of blockchain technology into the insurance value chain despite certain pitfalls.

AmTrust shareholders give green light for takeover

The Karfunkel-Zyskind family's bid to take AmTrust private is nearing completion after the carrier's shareholders gave the go-ahead to the deal, paving the way for them to receive $14.75 per share.

Allstate estimates May cat losses at $278m

Just two events accounted for 60% of the firm's catastrophe losses for the month.

AIA and PCI explore merger

Two of the largest insurance organisations in the US have begun discussing a possible merger.

Re/insurers saddle up to take on flood insurance

Confidence about tackling flood insurance is high although rising sea levels may be more than the re/insurance industry can handle.

JLTCM completes first 2018 Market Re cat bond lite

Jardine Lloyd Thompson Capital Markets has completed the placement of its first Market Re cat bond lite structures of 2018 with the unknown cedant securing $84m of protection.

Rising interest rates threaten insurtech

Steadily rising interest rates in the US will likely rock the insurtech boat more than most other factors, believes one executive.

Frustrated startups will haunt incumbents

Insurers must throw their support behind start-ups whose ideas interest them or they face losing business to them in the future, Hamilton Insurance Group's chief executive Pina Albo has warned.

Chubb's Koppang moves to Everest

Former Chubb executive Eric Koppang has been appointed to Everest Insurance's specialty casualty team in order to expand the firm's presence in the excess and surplus lines space.

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

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.

Canada M&A good for reinsurers: Swiss Re’s Ludlow

Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.

Latest Issue

May 2018

 

In this month's Reactions

  • CIO Perspectives
  • Peter Röder interview
  • Dominic Addesso interview
  • Political risk report
  • Ivan Gonzalez interview
  • Digitisation in London
  • Michael Watson interview
  • Demian Smith interview

CLICK HERE TO READ THE LATEST ISSUE

 

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