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Latest North America News

RMS Florence estimate maxes out at $5bn

RMS estimates the insurance industry's exposure to Hurricane Florence will be between $2.8bn and $5bn - a prediction in line with fellow modellers AIR Worldwide and Karen Clark & Co.

AIG to acquire Glatfelter

AIG has agreed to buy US broker, Glatfelter for an undisclosed sum.

EY Roundtable 2018

Read about EY's roundtable on re/insurance's technological revolution.

Cioppa appointed to non-voting FSOC role

Eric Cioppa will succeed New Jersey commissioner Peter Hartt in Financial Stability Oversight Council (FSOC) role.

R&Q takes control of two legacy portfolios

Randall & Quilter has acquired a European and US firm in run-off as part of their "active" 2018 plan.

AIR caps private market Florence loss at $4.6bn

Hurricane Florence is shaping up to be more of a precipitation event than a wind-driven one, AIR Worldwide has predicted.

KCC estimates private Florence losses at $2.5bn

Fears that the storm would devastate the east coast of the US have largely abated as signs now point to a more manageable level of losses.

Hurricane Florence hits NC as Cat 1

The storm has weakened considerably from earlier in the week but has already caused several fatalities following its landfall in North Carolina.

Industry blasts proposed federal breach notification

The response to proposed federal data breach notification law has been quick and decisive from the US insurance industry.

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

September 2018

 

In this month's Reactions

  • Monte Carlo preview
  • Pina Albo interview
  • Albert Benchimol interview
  • Christian Mumenthaler interview
  • Urs Baertschi interview
  • CEO Risk Forum
  • Arch Capital Group Roundtable
  • Run-off focus
  • Asset management report
  • Brexit - deal or no deal?

CLICK HERE TO READ THE LATEST ISSUE

 

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