Markel

The company released a shortened set of results due to technical difficulties with the SEC filing system.

James Hastings, who was managing director of specialty and financial lines division, will oversee seven sub-segments.

Henrik Bjørnstad will step into Simon Wilson’s existing shoes as managing director of the national markets division.

The InsurTech, formerly named Verifly, sells short-term liability insurance for freelancers and small businesses.

The Aquilo reinsurance strategy was part of Markel Catco's operations.

Markel International has sold the remnants of its Brazilian business less than a year after it scaled back its involvement in the region.

AIG, Chubb, Markel, Swiss Re and Zurich are among the carriers which face potential losses from the tour operator's collapse.

Further rate rises “aren’t just a nice to have”, Markel’s co-CEO said on Thursday.

"We’ve got skills, capital, distribution and knowledge” to maintain dominance, the executive said.

The launch follows the carrier’s decision earlier this year to put CatCo into run-off.

Andrew Barnard will serve as CEO of new ILS platform Lodgepine with two colleagues taking on investment management roles.

The latest increase has pulled its cumulative returns since inception down to a loss of 52.9 percent for ordinary shares, as prior-year gains have been more than wiped out by 2017/18 disaster events.