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Aon UK Hosts Operational Risk Modeling Discussion with Bank of England

Aon UK Limited, the UK arm of Aon plc, which in addition to traditional insurance activities, also provides risk management, human resource consulting and outsourcing expertise, welcomed over 60 senior risk executives from leading banks and other financial institutions to …

Hiscox First-Half Profit Jumps 44%; Net Income $278 Million

Hiscox Ltd., the second-biggest Lloyd’s of London insurer by market value, said first-half profit jumped 44 percent, beating analyst estimates, helped by accelerating growth in gross written premiums. Net income climbed to Β£180.7 million ($278 million) in the six months …

Tokio Marine Targets Asean for Expansion Abroad: Southeast Asia

Tokio Marine Holdings Inc., Japan’s second-largest non-life insurer, is seeking to expand in Southeast Asia as Japan’s shrinking population erodes its domestic market. The insurer plans to expand in life insurance, automobile coverage, reinsurance and asset management, President Tsuyoshi Nagano …

Aon Reports 3% Q2 Revenue Growth; $241 Million Net Income

Aon’s earnings report of its results for the second quarter of 2013 showed a pattern of growth throughout the organization. Total revenue was $2.9 billion with organic revenue growth of 3 percent, while earnings per share (EPS) from continuing operations …

Allied World Reports $1.9 Million Q2 Net Loss; Operating Income Increases

Allied World Assurance Company Holdings, AG reported a net loss of $1.9 million, or $0.05 per diluted share, for the second quarter of 2013 compared to net income of $96.4 million, or $2.59 per diluted share, for the second quarter …

Victims in Meningitis Outbreak Cleared to File Product Liability Suits

Victims in Tennessee of a deadly U.S. meningitis outbreak won the right to pursue a new avenue of litigation against healthcare facilities and doctors there, after a ruling by a U.S. bankruptcy judge this week. Tennessee was the second hardest-hit …

Could Halliburton’s Plea Help BP in Oil Spill LIability Battle?

P Plc appeared to gain an edge in the battle over liability for the 2010 Gulf of Mexico spill on Friday, after Halliburton abandoned one of its arguments that tried to paint the British oil company as unconcerned about well …

Sullivan to Join Texas Division of Workers’ Comp as Deputy Commissioner

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) announced that Kerry D. Sullivan will join the agency as Deputy Commissioner for Hearings, effective Sept. 3, 2013. Prior to joining the TDI-DWC, Sullivan spent most of his professional career …

U.S. Court Rejects Firm’s Challenge to Obamacare Contraception Mandate

A divided federal appeals court on Friday rejected a Pennsylvania cabinet maker’s religion-based challenge to the 2010 healthcare law’s requirement that larger companies provide workers with health insurance covering birth control. The decision created a split among federal appeals courts, …

Groups Attack Watchdog Effort to Raise Medical Malpractice Bar in California

Under a measure being pursued for next year’s ballot by Consumer Watchdog California voters will have the opportunity to boost the cap on medical negligence lawsuits, but opponents of the measure on Friday said doing so will add billions-of-dollars in …

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