Reinsurers and insurers have paid out less than $1 billion on British Petroleum oil spill claims, and the total market loss is expected to be between $3.25 billion and $4 billion, said Holborn Corp.

Steven D. Johnson has been named chief executive officer of the Applied Systems Client Network (ASCnet), according to Lisa Parry Becker, chairwoman of the association.

Premium rates in June remained soft, but continued to show some signs of easing off the worst of the declines with decreases in the low single digits, according to MarketScout.

Zurich North America Commercial said it has raised the available capacity for its specialty errors and omissions business from $10 million to $25 million and removed revenue restrictions for primary business.