Former PartnerRe president and CEO Emmanuel Clarke has been named CEO of global specialty lines at Intact Financial Corporation, with the executive set to replace the long-serving Michael Miller upon his retirement at the end of March.

President Donald Trump's executive order to withdraw the US from the Paris Agreement is unlikely to impact market conditions for renewable energy insurance, although there may be some short-term uncertainty around project financing.

New York Governor Kathy Hochul has introduced measures aimed at stabilising the city’s taxi and rideshare insurance market, following the insolvency of its largest provider American Transit Insurance Company (ATIC).

Travelers reported a core income per diluted share of $9.15 for the fourth quarter of 2024, well ahead of consensus of $6.63.

Total North American agent and broker M&A deal flow dropped 10 percent last year to 750 announced transactions, Optis Partners has reported, as attention shifted from volume to large-scale M&A, with further activity expected in the next 12-24 months after a trio of landmark deals.

Specialty insurer Global Indemnity has completed an “extensive” reorganisation code-named “Project Manifest” through the creation of wholesale commercial, vacant express, collectibles and specialty products divisions, separate tech and claims businesses, and the de-stacking of its insurance companies.

The National African American Insurance Association, New York Tri-State, has announced its 2025-2026 board, with Travelers major case investigator Raumert Hubert serving as president.

Firms within the US insurance industry no longer see diversity and inclusion as a key factor in recruiting C-suite members, according to Shawn Cole, executive recruiter and president of Cowen Partners Executive Search.

The National Flood Insurance Program (NFIP)’s loss estimate from Hurricane Helene has been raised to $6.75bn with the claims total nearing the point where the organisation’s reinsurance program will be triggered.

This month’s winter weather in the US may cause total economic and insured losses in the tens of millions, according to Aon.