Specialist insurer Markel International has appointed Andy Ang as chief representative of Markel International in Malaysia.
Stock insurance company Financial Guaranty Insurance Company (FGIC) has entered into a reinsurance commutation agreement with Assured Guaranty Re.
AM Best has upgraded the financial strength rating of Latin American reinsurer Patria Re to A from A-.
Lloyd’s has approved Türker Broker as the first Turkish broker to operate in the London market.
ACE Group has appointed Edward Ler as the president director for its Indonesian general insurance business.
Swiss Re Corporate Solutions has opened an office in Frankfurt, Germany, to boost its presence in the German commercial insurance market.
XL Group’s North America property & casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating officer (COO).
The losses sustained from Hurricane Gonzalo by four countries covered by the Caribbean Catastrophe Risk Insurance Facility (CCRIF) were insufficient to trigger tropical cyclone cover.
Charles Taylor and the Standard Club have received in-principle approval from Lloyd’s to establish a managing agency and syndicate specialising in marine and energy.
US insurer Chubb surpassed earnings estimates for the third quarter of 2014, in what it described as an “outstanding third quarter”.