United States of America (USA)
Nat cat losses cost insurers over $2bn in March alone, says Aon
Global natural disaster events could impact insurers with a $2bn (£1.6bn) hit over March, according to impact forecasting from Aon Benfield.
Startup Trov secures $45m for expansion efforts
On-demand insurance provider Trov has secured $45m (£36m) of investment for its global expansion efforts.
Lemonade expands to Illinois six months after New York launch
Lemonade has expanded to Illinois as part of its plans to expand nationwide and reach 97% of the US population by 2017.
Reinsurance rate decline slows at April renewals
The 1 April reinsurance renewals saw rate reductions range from flat to mid-single digit reductions, an improvement compared to the low double digit range seen 12 months ago, according to Willis Re.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Prudential CEO pay drops 30% in 2016
Prudential CEO Mike Wells' pay fell by a third to £6.9m 2016, the insurer's annual report has shown.
Randall & Quilter buys captive insurer ICDC
Randall & Quilter Investment Holdings has completed the acquisition of ICDC, a captive insurer of an American Fortune 500 company.
Interview: Guy Goldstein, Next Insurance
As Next Insurance launches today a chatbot allowing personal trainers to quote and buy insurance via Facebook Messenger, its founder and CEO Guy Goldstein tells Jonathan Swift how the American insurtech start-up plans on revolutionising the SME…
AIG names Gallo CIO as Fasano steps down
AIG has appointed Martha Gallo as chief information officer replacing Philip Fasano, who has left the company to pursue other opportunities.
Legal Update: Robotic surgery - cutting through the insurance implications
With advances in robotics and artificial intelligence taking hold of the medical industry, do the benefits of robot-assisted surgery outweigh the risks - especially for insurers?
Brit launches US cyber team
Brit has launched new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed as senior vice president, to lead the offering.
R&Q raise £16.9m through share placing
Randall & Quilter has conditionally raised £16.9m through a placing of new ordinary shares with institutional shareholders and directors as the group looks to simplify its business model.
Chubb appoints Matthews as Europe COO
Chubb has appointed Adrian Matthews as chief operating officer for Continental Europe.
Dual's Hillier on the opportunities for title insurance providers in India and the US
While they differ in scale, legislation and stage of development, today’s US and Indian title insurance markets have one important commonality: both offer interesting new opportunities for growth.
What US sanctions may look like under the Trump administration
There is quite a bit of uncertainty regarding the direction of US sanctions policy under president Donald Trump's administration. Various forces drive in different directions.
AIG ex-CEO Greenberg settles long-running fraud case for $9m
Former AIG CEO Maurice “Hank” Greenberg, along with former chief financial officer Howard Smith, have agreed to pay $9.9m (£7.9m) to settle a 12-year old securities fraud case.
Blackstone to acquire Aon's benefits outsourcing for $4.8bn
Private equity firm Blackstone has agreed to acquire Aon Hewitt's employee benefits outsourcing business for around $4.8bn (£3.8bn).
Anthem's proposed $54bn acquisition of Cigna blocked by judge
Yesterday two US health insurance giants were told they wouldn't be granted permission to merge by a federal judge.
Brit appoints programmes VP
Brit has appointed Tim Chesson as senior vice-president of programs for Brit’s US Global speciality business.
Post Power List 2017: Donald Trump
President, US
Insurers extend travel cover amid Trump travel ban
Travel insurers will allow policyholders to claim if they are denied entry to the US.
Davies Group gets new equity backer
US private equity firm HGGC has taken a majority stake in Davies Group.
Gallaghers & Co sees steep rise in broking profits for Q4
Arthur J Gallagher & Company's brokerage segment saw pre-tax profit rise to $123.9m (£98.82m) in Q4 2016, a 69% increase on the $73.3m earned over the same period last year.
Four insurance law firms form global network
DAC Beachcroft has joined three other insurance law firms to make a global network.