Latest North America News
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 has agreed to buy US broker, Glatfelter for an undisclosed sum.
Read about EY's roundtable on re/insurance's technological revolution.
Eric Cioppa will succeed New Jersey commissioner Peter Hartt in Financial Stability Oversight Council (FSOC) role.
Randall & Quilter has acquired a European and US firm in run-off as part of their "active" 2018 plan.
Hurricane Florence is shaping up to be more of a precipitation event than a wind-driven one, AIR Worldwide has predicted.
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.
The storm has weakened considerably from earlier in the week but has already caused several fatalities following its landfall in North Carolina.
The response to proposed federal data breach notification law has been quick and decisive from the US insurance industry.
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.
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.
In this month's Reactions