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Markel appoints head of programs

Markel Specialty has appointed Stephen Leeret to head up and grow its $700mn program business, the carrier has announced.

Dan Ascher, 08 June 2016
May’s catastrophe bill to top $7bn: Aon Benfield

Insurers and reinsurers are expected to face a bill of at least $7bn following a number of significant global catastrophes that struck during May.

Dan Ascher, 08 June 2016
Heritage buys 70% more limit with $3bn reinsurance placement

Fast-growing Floridian insurer Heritage Insurance has expanded its 2016-2017 reinsurance programme by 70 percent to $3bn, paying a higher share of gross earned premium to reinsurers than last year in the process.

Fiona Robertson, 08 June 2016
Florida Specialty buys Mount Beacon

Florida Specialty has bought fellow manufactured home insurance specialist Mount Beacon from its private equity backers, The Insurance Insider can reveal.

David Bull, 08 June 2016
AFA puts French flood loss at up to $1.6bn

The French Insurance Association (AFA) has estimated that the final insured loss amount from the recent floods in France will be between EUR900mn and EUR1.4bn ($1.02bn and $1.6bn)

Charlie Thomas, 08 June 2016
Lawton to lead Travelers Europe business unit

Mike Lawton has been appointed head of Travelers Europe's business insurance unit, the carrier announced today (8 June)

Matthew Neill, 08 June 2016
AIG burned by record EUR360mn M&A insurance claim

American International Group (AIG) is facing a EUR50mn ($72mn) net loss from a record EUR360mn transactional liability claim, The Insurance Insider has learned

Catrin Shi, 08 June 2016
Aviva’s Briggs named ABI chairman

The Association of British Insurers (ABI) has nominated Aviva executive Andy Briggs to become its next chairman.

Catrin Shi, 08 June 2016
ArgoGlobal announces contingency hire

ArgoGlobal has appointed Rebecca Mitchell as an underwriter in its contingency team, the Lloyd's insurer announced today (8 June)

Matthew Neill, 08 June 2016
Fed rule change to impact investment portfolios: S&P

Incoming insurance regulations proposed by the US Federal Reserve could force carriers to alter their investment portfolios, according to rating agency Standard and Poor's (S&P).

Matthew Neill, 08 June 2016

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