Aspen Insurance Holdings Ltd. announced that it has entered into anadverse development cover reinsurance agreement with a wholly owned subsidiary of Enstar Group Ltd. In the transaction, Enstar’s subsidiary will reinsure losses incurred on or prior to Dec. 31, 2019 …
Victor O. Schinnerer & Company, an underwriting manager of specialty insurance, has expanded its professional liability insurance program for architects and engineers (A&E). Brokers can now procure up to $35 million in coverage on behalf of qualified and eligible A&E …
Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …
The 2018 Verizon Data Breach Investigations Report cited that 58% of cyber-attack victims were small businesses, and the 2019 Symantec Internet Threat Report stated that employees working at small businesses were more likely to be targeted by email threats (e.g., …
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and response to, privacy and network security incidents. …
Apollo Global Management LLC, the investment firm led by Leon Black, has completed its acquisition of Aspen Insurance Holdings for $42.75 per share in cash, with an equity value of approximately $2.6 billion. The transaction, which was first announced on …
Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I) to the owners and managers of small and specialized ships. London-based Lodestar provides $50 million of Aspen-backed P&I cover, with …
Aspen Insurance announced two key appointments to its Bermuda insurance team. Saadia Savory joined Aspen insurance in December as vice president, Excess Casualty, Bermuda. She will lead the Bermuda Casualty team and reports to Zac Clammer, executive vice president, head …
Starr Insurance Companies, one of the largest aviation insurers, has agreed to acquire the renewal rights of Aspen Insurance’s aviation business, which the insurer says is in excess of $50 million in gross written premiums. This follows Aspen’s announcement last …
SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited. Effective immediately, SafeWaters will …
