Industry News
Allied World Opens Branch Office in Canada
Allied World Assurance Co. Holdings announced Tuesday that it has opened a branch office in Toronto, Ontario to further expand its North American insurance operations. "Opening an office in Canada ...
Argo Group Hires Kurt Elia as Chief Human Resources Officer
International specialty underwriter Argo Group International Holdings Ltd. announced Tuesday that Kurt Elia has joined the company as senior vice president and chief human resources officer. Elia ...
Aon’s New Political Risk Map Highlights BRICS Increased Risks
Aon Risk Solutions, the global risk management business of Aon plc, has unveiled its 2014 Political Risk Map, which identifies an increased risk rating for all five BRICS countries. Aon noted that ...
WSJ: NAIC Head Blasts Dodd-Frank Law’s Insurance Industry Reach
The head of the National Association of Insurance Commissioners is lamenting that greater federal oversight now in place over insurers such as AIG is fixing something "that isn't broken," forcing ...Travelers CEO Fishman Eyes Potential Foreign Acquisitions
Travelers Cos., which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. ...
Round 3: Endurance Says Aspen Offers Shareholders ‘Red Herrings’ Instead of Value With Bid Response
In the third volley of a contest between two Bermuda specialty companies on Monday, Endurance said that Aspen's rejection of a bid to buy the company for $3.2 billion ignores the best interests of ...
Aspen Board Unanimously Rejects Endurance’s $3.2B Hostile Bid
Aspen Insurance Holdings announced Monday that its board of directors has unanimously rejected a $3.2 billion takeover bid from Endurance Specialty Holdings announced hours earlier, calling the ...
AIR Appoints Jayanta Guin Executive Vice President
Catastrophe modeling firm AIR Worldwide on Monday announced that Dr. Jayanta Guin has been appointed executive vice president. Guin will continue to direct AIR's innovative research program as well ...