E&S/Specialty

Liberty International Underwriters has hired Robert Rokicki as senior vice president of Oil, Gas, Petrochemical and Chemical (OGPC) Property.

Global insurance and financial services organization Starr Companies has appointed Jeffrey Hayman as president of its International Insurance Operations.

Crop insurers have paid a record $11.6 billion to U.S. growers in compensation for losses due largely to widespread drought in 2012, the first money-losing year for the industry in a decade, the government said on Tuesday.

Farmers have spent 20 percent more on agricultural insurance in recent years to protect against crop losses from increasingly frequent bad weather events, according to reinsurer Swiss Re.

Farmers have spent 20 percent more on agricultural insurance in recent years to protect against crop losses from increasingly frequent bad weather events, according to reinsurer Swiss Re.

Allianz kept its guidance for operating profit of more than 9 billion euros ($12 billion) in 2012, after estimating its hit from last year's superstorm Sandy in the United States at $590 million.