USA Focus

News

Mortgage Guaranty Insurance appoints CRO

Steven Thompson joined MGIC in 1998 and was interim CRO

NYDFS investigates United Healthcare algorithm for racial bias

Insurer algo prioritises healthcare for white over black patients, says NYDFS

California declares state of emergency as wildfires rage

The Kincade and Tick fires have burned through at least 30,000 acres of the state

US insurance deal value hits $4.4bn in Q3

M&A activity remained strong with 132 deals closing in the quarter

Texas tornadoes hit state's insurers for $2bn

The outbreak was the costliest tornado event in the history of Texas

Travelers posts Q3 underwriting loss amid asbestos fear

Insurer faces “challenging tort environment” on asbestos claims,shares fall

US P&C insurers must focus on underwriting as investment lags

Low rates, competition driving underwriting pressures, says Guy Carpenter

Insurance heavyweights join Federal Reserve advisory team

Inaugural members have backgrounds in life insurance, property and casualty insurance and reinsurance

RGAX and Mutual of Omaha transact reinsurance on blockchain

Distributed ledger technology can reduce administrative burden in reinsurance

New York Life appoints Eric Feldstein as CFO

He replaces Joel Steinberg who will resume his role as the life insurer’s chief risk officer

Analysis

Insurance ERM Americas: The risk trends keeping US CROs awake at night

US re/insurance chief risk officers reveal the risks that most concern them, changing risk tolerances in the industry and strategies for dealing with emerging threats. Ronan McCaughey reports from InsuranceERM's New York conference

Insurance ERM Americas: is cyber risk modelling up to scratch?

Panellists at InsuranceERM's New York conference shared their thoughts on the positive aspects of cyber risk modelling and where improvements are required. Christopher Cundy reports

The Fed and insurance rules: an eclectic fit

The US Federal Reserve created an advisory committee last month – and Manulife’s treasurer Halina von dem Hagen is joining it. She tells Sarfraz Thind about the key issues the market might want to consider right now, including mark-to-market regulation and systemic risk

ICS 2.0: comparability is the hot topic at IAIS Abu Dhabi meeting

A decision on comparability of solvency regimes at the International Association of Insurance Supervisors meeting next month will determine the future of the Insurance Capital Standard. Paul Walsh reports