Industry News
Report: For U.S. P/C Companies, 2013 Produced The Best Returns In Years
For 2013, U.S. property/casualty insurers enjoyed strong gains in underwriting results, net investment and written and earned premiums, thanks in part to a relatively light hurricane season. The year ...
Endurance Chips Away at Resistance to Its $3.2B Aspen Offer
Endurance's $3.2 billion hostile bid for Aspen Insurance Holdings took another nasty turn on April 21. Endurance's chief financial officer asserted in a blunt statement that the continued resistance ...
Every insurance claim tells a story, but rarely in a single document. Instead, that narrative unfolds across adjuster notes, medical...
Aspen Restates, Expands on ‘Serious Concerns’ With Endurance ‘Proposal’
Three days after adopting a poison pill to fend off a hostile bid from Endurance, Aspen sent a letter to its shareholders Sunday restating concerns it first aired hours after the bid was made public ...
Big Data, Cyber, Predictive Analytics on Agenda at University Symposium
The Academy of Risk Management and Insurance at St. Joseph's University is sponsoring a half-day symposium in May, addressing technology and innovation in the property/casualty insurance industry. ...
Reinsurance Market Softness Extends ‘As Far As the Eye Can See,’ CEO Says
The question that crops up whenever reinsurers experience soft market conditions is again being posed to industry executives, with leaders giving varying answers to analysts asking, "What kind of ...
Platinum Eyeing Riskier Assets to Boost Profits in Unending Soft Re Mkt: CEO
With underwriting profitability stalled, Platinum Underwriters Holdings could soon join the list of Bermuda reinsurers turning to riskier assets to boost the investment component of income, the ...
Former Lloyd’s USA Leader Nominated for Term on Meadowbrook Board
Meadowbrook Insurance Group, Inc. announced that Winifred "Wendy" A. Baker, a former executive of Lloyd's USA, is one of four individuals nominated for three-year terms on its board of directors. In ...
Aspen-Endurance Battle Escalates: Aspen Adopts Poison Pill, Endurance Reacts
The takeover battle between Aspen Insurance Holdings Ltd. and Endurance Specialty Holdings Ltd. escalated on Thursday, with Aspen's board of directors announcing a shareholder rights plan—commonly ...