After a harsh winter that has run into early April, anyone living in the Northeast of the US will be familiar with the old adage "one swallow does not a summer make".
Swiss Re Corporate Solutions (SRCS) has launched a standalone excess and surplus lines (E&S) business unit for North America as it looks to expand in the space.
US retail broker Alliant has confirmed it has agreed a deal to buy New York-based Crystal & Co in a move first revealed by The Insurance Insider last Friday.
US commercial property insurance rate increases are already calming as the initial reaction from underwriters to record 2017 cat losses is tempered by the realities of a well-capitalised P&C industry, according to Willis Towers Watson.
Everest Re has said it expects to take $100mn of estimated cat losses in its first quarter results, largely from the California wildfires and related events.
