Markel Corporation has revealed plans to launch two new businesses following its acquisition of Alterra Capital Holdings, which secured regulatory approval yesterday (May 1).
Mark Hews has been appointed as group chief executive officer at Ecclesiastical – the UK specialist insurer of charities – after joining the company in 2009 as group chief financial officer and executive director of Ecclesiastical Insurance Office.
XL Group has promoted Martin Vinkenfluegel to lead XL GAPS’ (Global Asset Protection Services) global field engineering team.
XL Group has appointed Lee Meyrick as chief underwriting officer, Global Marine and Offshore Energy.
Tim Shields has joined Asuransi Jaya Proteksi, (Japro) – an Indonesian insurer recently acquired by ACE Insurance – as president director.
Jim McCann has been appointed as non-executive chairman of the board of Willis, effective July 8.
Stephen Matthews has been appointed managing director of Guy Carpenter Securities
Kane, the independent insurance manager, has announced the formation of Kane LPI Solutions as fund administrator for the company’s life, pension and investment (LPI) administration activities.
American Coastal Insurance Company, the Florida insurer, has reportedly started marketing a cat bond that would provide it with Florida wind protection. This would be the first time that American Coastal will have used the capital markets to secure coverage.
Bosphorus 1 Re, a newly formed catastrophe bond shelf program that will provide protection to the Turkish Catastrophe Insurance Pool (TCIP), has placed its first tranche in the form of a $400 million cat bond.