Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion, or $47.50 per Aspen share, in a hostile takeover. The combined company would have more than $5 billion of combined …
SeaWorld Entertainment Inc. lost its bid to overturn U.S. limits on trainers’ contact with killer whales imposed after one of the animals drowned an amusement park employee during a 2010 show. The Occupational Safety and Health Administration’s requirement that trainers …
Republican lawmakers said hearings on Sylvia Mathews Burwell’s nomination as U.S. Health and Human Services secretary provide a fresh opening to raise questions about President Barack Obama’s health-care law. Obama’s choice of Burwell, the director of the Office of Management …
According to catastrophe modeling firm AIR Worldwide, “Tropical Cyclone Ita crossed the north Queensland coast near Cape Flattery between 11:00 and 12:00 UTC (9-10 p.m. Australian Eastern Standard Time [AEST]) Friday, April 11, as a Category 4 cyclone (on the …
“In recent years cargo losses worth more than one hundred million dollars have not been recovered under traditional cargo insurance policies due to critical exposures being excluded,” warned Willis Group Holdings plc. Willis said: “Heightened levels of political unrest and …
Willis Group Holdings plc announced two key appointments to further strengthen its capital markets division, Willis Capital Markets & Advisory (WCMA). Rui Huang joins Willis as Senior Vice President. He is based in Hong Kong and will be charged with …
A large forest fire raging in the Chilean port city of Valparaiso has killed at least two people and destroyed 500 homes, officials said Sunday. Thousands of people have been evacuated, including more than 200 female inmates at a prison. …
A powerful magnitude-7.6 earthquake triggered large waves in the Solomon Islands on Sunday, and authorities were trying to determine if there was any serious damage or injuries. Government spokesman George Herming said people throughout the Pacific island chain awoke to …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of a Chile earthquake model that also incorporates tsunami risks, the first such model to do so. The launch is timely in view of the …
A dispute over how much an insurance company owes Webster County for its burned courthouse has moved into federal court. The Webster County Board of Supervisors and Atlantic Specialty Insurance Co. have sued each other, with two separate cases now …
