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Markel hires Ironshore's Ferguson for New York team

Markel has taken on Ironshore's John Ferguson to become retail construction lead in its New York-based US excess casualty team. In his new role, Ferguson will take responsibility for some of the underwriting and relationships in the Richmond, Virginia-based carrier's retail construction practice. He is based in New York. At Ironshore, Ferguson was casualty manager for the US Northeast region. Prior to that he also held roles at American International Group and ER Quinn Company. The executive's new boss Matt...

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Kaikoura quake claims reach $1.4bn

New Zealand-based insurers have paid out more than NZ$522mn ($385mn) in claims related to the Kaikoura earthquake in November, according to the Insurance Council of New Zealand. This represents less than a third of the value of all claims received related to the earthquake. As of 30 June claims totalled NZ$1.88bn. The value of commercial claims received stands at NZ$1.39bn, of which over NZ$363mn of claims have been partially or fully settled. Residential claims amount to nearly NZ$474mn, of which...

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