Specialty
S&P Ups Philadelphia Insurance Rating to ‘AA-‘
Philadelphia Insurance Companies announced Tuesday that Standard & Poor's upgraded the company's financial strength to "AA-" from "A+" last week. S&P's action, lifting the ratings of the ...
Hiscox Boosts Terrorism Risk Coverage Capacity
Specialist insurer Hiscox will drastically boost its capacity to handle U.S. domiciled terrorism risk coverage, even as Congress continues to debate renewing the Terrorism Risk Insurance Act. ...
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...
Former AXIS Energy Insurance Exec Easton Joins Endurance
Clifford Easton joined Endurance Specialty Holdings Ltd. on Friday as Executive Vice President and Global Head of Energy Insurance, Endurance announced. Endurance, in its announcement released on ...
Surge of Storms and Fires Stunts Chubb’s Q1 Net Income
The Chubb Corporation endured a big hit to its 2014 first-quarter income, thanks to harsher-than-expected winter weather in the United States, plus a surge in homeowner fire and flood-related losses. ...
Allied World Reports Record Underwriting Income
Allied World Assurance Co. Holdings reported an 11.4 percent jump in net income during the 2014 first quarter, as the overall combined ratio for the company fell just below 80. Scott Carmilani, ...
Q1 Return for ‘Independent’ Aspen Nears 15%; Full-Year Target 10%
Aspen Insurance Holdings reported an annualized operating return-on-equity of 14.8 percent for the first quarter on Thursday, also giving double-digit forecasts for future years—targets which its ...
W.R. Berkley Excels in Q1 Save for Global Re Numbers
For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed ...