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Multiple weather events and higher costs of handling homeowners’ claims in Florida meant that Federated National Holding Company, a Florida-based retail and commercial insurer, reported a loss in 2016. But underlying growth has also meant it is buying more reinsurance. 10 March 2017
Insurance
American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock. 9 March 2017
Insurance
American International Group (AIG) has been forced to embark on a search for a new chief executive after its current leader revealed he intends to resign. 9 March 2017
Insurance
The levels of severe weather that has hit the US Midwest so far this year are more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s (NOAA) Storm Prediction Center. 9 March 2017
Insurance
A national coalition that promotes fiscally sound approaches to natural catastrophe policy has applauded suggested changes to the National Flood Insurance Program, saying they will help open the flood insurance marketplace to private insurers. 9 March 2017
Insurance
Specialist insurer Markel International has launched a surety offering following its appointment of new executives from Aviva and Euler Hermes. 9 March 2017
Insurance
Specialty re/insurer Brit has expanded the collateralised reinsurance capacity provided by Bermuda-domiciled special purpose insurer Versutus to support its North American property insurance portfolio. 9 March 2017
Insurance
The American Insurance Association (AIA) has re-elected Christopher Swift as the chairman of its board of directors for the second term. He was first appointed as the chairman in 2016. 9 March 2017
Insurance
US insurer WR Berkley Corporation's director George Daly, who served on its board continuously since 1998, is set to retire. The company has nominated Ferré Rangel Group's president as his replacement. 9 March 2017
Insurance
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Joseph Blanco as senior vice president and general counsel. He was serving as the company's interim general counsel since September 2016. 9 March 2017
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