Tag: North America

Global Flood Insurance Market to Reach $52.2B by 2034, Driven by North American Demand

Explore the expanding global flood insurance market projected to reach $52.2 billion by 2034, led by North American demand, private insurer growth, and advanced flood risk analytics enhancing coverage and affordability.

Fitch Ratings Forecasts 5% Drop in North American P&C Reinsurance Rates for January Renewals

Fitch Ratings expects a 5% decline in reinsurance rates for North American property and casualty insurers at the January 1 renewals, signaling shifts in market pricing for 2024.

Davies Expands Canadian Presence with SCM Acquisition, Advances AI in Claims

Davies acquires Canada's SCM Insurance Services to enhance claims processing with AI-driven automation, expanding its North American footprint and technology capabilities.

American Global Expands U.S. and Canadian Construction Insurance Teams

American Global strengthens its construction insurance services with key hires in the U.S. and Canada, boosting expertise in Builder’s Risk, property, engineering coverage, and surety underwriting amid sustained industry growth.

Global M&A Surge in Q3 2025 Driven by North American and Mega Deals

Global M&A activity soared in Q3 2025 with a surge in North American mega deals and strong market performance, highlighting strategic risk and integration trends.

Global M&A Activity Surges in Q3 2025 with Insurance Sector Easing

Q3 2025 sees record global M&A deal value led by North America; insurance sector M&A slows but MGA investments remain steady amid market recalibration.

AIG Announces New Leadership for North America Commercial Insurance Unit

AIG reveals new leadership structure for its North America Commercial Insurance division ahead of Don Bailey's retirement, focusing on strategic growth and digital innovation.

Dream Payments Launches North American Insurance Payment Hub with J.P. Morgan

Dream Payments unveils the DreamPay Insurance Payment Hub, enabling seamless insurance premium collections and claims payments across the U.S. and Canada using J.P. Morgan's payment infrastructure.

MS&AD to Invest Y700bn to Expand North American Insurance Operations

Tokyo-based insurer MS&AD plans a Y700bn investment to grow its North American operations, aiming to double profits by 2025 amid strategic mergers and regulatory focus.

MS&AD Plans $1.18B Profit Surge and $5B Investment to Boost North American Insurance Growth

MS&AD Insurance Group targets $1.18B net profit in North America by 2025 with a $5B investment plan and a strategic merger of non-life units to enhance governance and competitive position.