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  • 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.
  • 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).
  • 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.
  • 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.
  • Share price data on The Insurance Insider's universe of P&C (re)insurers
  • 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
  • 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.
  • 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.
  • More than a dozen insurers are facing a $300mn claim from a Canadian bank that was implicated in a massive Ponzi scheme.
  • 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.