A US district court has ruled former Willis Re chairman Peter Hearn must pay the reinsurance broker $2.8mn after defecting to rival Guy Carpenter last year.
Shares in AIG closed up 7.31 percent in New York on second quarter results that surpassed Wall Street's expectations and raised hopes that a turnaround at the insurance giant is on track.
Alleghany reported $124.8mn of catastrophe losses in its second quarter results but said that the impact on its bottom line had been partially offset by $90mn of favourable reserve development.
Markel's Q2 operating income increased by almost 50 percent as its reinsurance division shrugged off Canadian wildfire losses to report a significantly lower combined ratio.
