Latest North America News
All signs are pointing to a turnaround for the troubled US auto market although pitfalls remain, Fitch Ratings warns.
Intense competition and improved financial performance see US personal lines market retain “stable” ranking.
State government alarmed as federal officials cut aid for its reinsurance healthcare fund.
Brian Duperreault states that the company will take a hit of approximately $800m.
Expectant losses from the fourth quarter will be between $350m to $365m.
Raft of new appointments at AIG as Mark Lyons becomes CFO, and Sachin Shah joins as Asia Pacific CEO.
Merced Insurance Company has been placed in liquidation following extensive losses from recent record-breaking wildfires.
Insurer says loss is attributable to the California wildfires of approximately $225m pre-tax.
WSIA Executive Director Brady Kelley explains why a robust private market is the answer, not short-term reauthorizations.
CEO Alan Colberg outlines the changes brought to its management structure, its risk selection and its embrace of new technologies.
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.
Michael Westwood will head the unit which is focused on providing insurance solutions for business networks.
Unstructured and underused data may be a gold mine for re/insurers according to CSC and Xchanging.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
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: 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.
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.
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.
In this month's Reactions