Americas
See below for coverage of the US and other growing markets in the Americas
Mangrove names Cotton as chief operating officer
Florida-based start-up hires former Olympus Insurance executive Tim Cotton
Kin hails 'improved pricing' of latest Hestia cat bond
US insurtech secures $300m of catastrophe bond cover for named storms
Taranto to step down as Everest chairman
Global Atlantic Financial Group vice-chair, John Graf, to succeed Joseph Taranto in May
Argo names Donahue as CEO as Buss departs
Bermuda-based specialty insurer promotes chief financial officer to top role
Los Angeles fires will ‘firm up’ US reinsurance prices: S&P
S&P Global bullish on reinsurance market but unwilling to change outlook to positive
Vortex launches parametric hurricane cover in Hawaii
Vortex said its parametric hurricane coverage provides automatic payouts based on data from the National Hurricane Center
US P&C industry swings to 2024 underwriting profit
US property/casualty sector’s combined ratio improves 5.2 points to 96.4% on the back of underwriting turnaround
SiriusPoint climbs 8% in positive week for insurance stocks
Bermudians lead the risers, as re/insurance stocks enjoy some respite from Trump tariff volatility
Mid-March tornado outbreak caused up to $3bn in losses
Gallagher Re estimates losses for first billion dollar-plus severe convective storm event in North America
Forest management in focus in wake of California wildfires
Critics claim policymakers are preventing sensible forest management, which could drive down risk and cut insurance prices
Palomar to acquire Advanced AgProtection
Specialty carrier looks to broaden presence in the US crop insurance market with deal for managing general agent
Munich Re to acquire remaining 71% of US insurtech Next
Reinsurance giant moves to strengthen foothold in the US small commercial primary insurance market
Florida regulators approve transfer of another 96,000 Citizens policies
Steve Weinstein’s newly launched Mangrove Property Insurance may assume up to 81,040 policies in latest depopulation round
The Doctors Co to acquire ProAssurance for $1.3bn
Transaction sees the merger of the second- and fourth-largest US medical malpractice insurers
M&A insurers set for ‘robust’ growth in deal volumes: Marsh
But competition expected to weigh on pricing in 2025, broker predicts
US insurers post first annual underwriting profit in four years
US property/casualty sector posts underwriting profit of $22.9bn on a combined ratio of 96.6%
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