Specialty
International Fidelity Insurance Faces A.M. Best Review After Self-Reporting Statement Revisions
A.M. Best has placed the "A-minus" financial strength rating of Newark, N.J.-based surety writer International Fidelity Insurance Company (IFIC) under review with negative implications, following ...
What’s Next for Cyber Insurance?
There's a saying in the cybersecurity industry that there are two types of businesses today: those that have been breached and know it, and those that have been breached and just don't know it. ...
Endurance to Continue Push for Aspen Deal; First Strategic Combo Since ACE-CIGNA, CEO Says
Executives at Endurance Specialty Holdings said they will continue to try to engage Aspen Insurance Holdings in negotiations related to Endurance's bid to acquire Aspen—a dialogue that Endurance ...Cyber-Security Software Boom Boosts Symantec’s Prospects
Symantec Corp. is benefiting as hacking attacks fuel higher demand for cyber-security software, while cost cuts are bolstering profits. The biggest maker of antivirus tools issued a revenue forecast ...
Aspen U.S. Appoints Windsor SVP of Energy and Construction
Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Ltd., has appointed Gary Windsor as senior vice president of Energy and Construction. Windsor will be responsible for ...
Fitch: Commercial Auto Insurers Still Losing Money on Underwriting
The commercial automobile insurance segment of the U.S. property/casualty insurance industry reported a third consecutive year of underwriting losses, according to Fitch Ratings. The combined ratio ...
Strong Euro and Spanish Storms Batter MAPFRE’s Earnings
MAPFRE SA, Spain's biggest insurer, said first-quarter earnings fell 17 percent as the euro's strength limited growth in premiums and winter storm claims weighed on profit in its home market. Net ...
Berkshire Primary Ops Show Double-Digit Profit, Premium Gains in Q1
Berkshire-Hathaway's primary property/casualty operations recorded double-digit gains in premiums and pre-tax earnings in the first quarter, but P/C reinsurance results contributed to a 6.6 percent ...