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