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PPL binds first risk within an hour
The first standalone terrorism risk was bound on the Placing Platform Limited (PPL) yesterday (11 July) within the first hour of trading, the London Market Group (LMG) announced this morning.
12 July 2016
Axis appoints management liability exec
Axis has promoted Mark Paccione to the role of executive vice president of its commercial management solutions division, the Bermudian revealed in a statement today (11 July).
Dan Ascher
,
12 July 2016
Validus estimates $60mn hit from Q2 loss events
Validus said it expects to record losses from second quarter events including the Canadian wildfires of $60.0mn after reinsurance and retro recoveries, non-controlling interest and reinstatement premiums.
David Bull
,
12 July 2016
Markel adds middle market casualty underwriters
Markel has added two casualty underwriters to its middle market business, with hires from Travelers and XL Catlin to boost its ranks on both coasts of the United States.
Dan Asher
,
11 July 2016
The Insider 30
Share price data on The Insurance Insider's universe of P&C (re)insurers
11 July 2016
Beazley hires XL Catlin’s FI CUO
Gerard Bloom, XL Catlin's chief underwriting officer (CUO) for financial institutions (FI), has resigned to take up a new role at Beazley, The Insurance Insider understands
11 July 2016
European carriers’ stock turns negative
The first week of July saw European (re)insurers record share price decreases that dragged The Insider 30 composite down 0.8 percent into the red.
11 July 2016
Aon accused of negligence over $230mn construction project
A joint venture between two contractors has accused Aon of negligence in its placement of a wrap-up insurance policy for a 20,000-seat stadium just outside Las Vegas.
11 July 2016
Insurers facing claim over $1.2bn Ponzi scheme
More than a dozen insurers are facing a $300mn claim from a Canadian bank that was implicated in a massive Ponzi scheme.
11 July 2016
ILS rates continue gain in Q2
Lane Financial has said that ILS rates rose 1.6 percent during the second quarter, but maintained that pricing movements after the hurricane season will give a better reflection of the overall direction of the market.
11 July 2016
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