News

News

Aspen shareholders shut out Endurance proposals

Aspen has announced that the overwhelming majority, more than three quarters, of Aspen shareholders participating in the consent solicitation have rejected both of Endurance’s proposals.   28 July 2014

News

Validus profits increase four-fold despite market pressures

Validus appears to be back on track after it saw a significant jump in its net profits in the second quarter of 2014, in spite of competitive pressures in the market and higher than expected loss events.   25 July 2014

News

Softening rates cause Aon Benfield's revenues to dwindle

Aon Benfield’s revenues declined slightly in the second quarter of 2014 as a result of what it called an unfavourable market impact on treaty business and a decline in its facultative placements.   25 July 2014

News

Flight MH-17 losses to be absorbed by Lloyd’s market

Much of the loss stemming from the Malaysia Airlines flight MH-17 crash is to be absorbed by the Lloyd’s market as well as some global re/insurers, according to AM Best.   25 July 2014

News

Assured Guaranty’s MAC receives California licence

Bond insurer Municipal Assurance Corp (MAC), part of the Assured Guaranty group, has been granted a licence to write financial guaranty insurance in the State of California.   25 July 2014

News

Allied World’s reinsurance book contracts by 19%

Allied World Assurance Company saw a 19 percent shrink in its reinsurance business in the second quarter of 2014 due to lower premiums across most business lines.   24 July 2014

News

Aspen delivers strong quarterly results despite Endurance pressure

Aspen has reported strong results for the second quarter of 2014 as it defends its position from Endurance’s advances in the high profile M&A battle.   24 July 2014

News

US property and specialty drive Everest reinsurance results

Everest Re’s reinsurance business grew by 16 percent growth in the second quarter of 2014 driven by US property and specialty lines, despite its CEO cautioning on tough market conditions.   24 July 2014

News

Natural disaster payout reached $22bn by mid-year

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has issued its mid-year Global Catastrophe Recap report, aggregating the key global natural disaster perils data for the first half of 2014.   24 July 2014

News

Lancashire profits plunge due to intense competition

Lancashire Holdings’ profits took a dive in the first half of 2014, a trend for which its CEO blames additional capital flowing into the industry resulting in intense competition.   24 July 2014

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