The storms that pounded vineyards in Southwestern France around Bordeaux and Cognac last month probably cost insurers as much as $1.2 billion, says Aon.
Axis Capital Holdings Ltd. said Jack Gressier plans to step down, just months after the Bermuda-based insurer and reinsurer named him chief operating officer.
Marsh & McLennan Cos., the worlds largest insurance broker by market value, agreed to buy a majority stake in Panama-based Semusa to strengthen its position Central America and the Caribbean.
