Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European Union law known as Solvency II. The …
A.M. Besthas revised the outlook for the issuer credit ratings (ICR) to positive from stable and affirmed the financial strength rating (FSR) of “A” (Excellent) and the ICRs of “a” of Aspen Insurance UK Ltd., Aspen Bermuda Ltd., Aspen American …
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced that William McElroy will be appointed global head of environmental, effective Nov. 16, 2015. McElroy will lead Aspen Insurance’s global environmental practice, establishing a new global platform around product …
Aspen Insurance Holdings Limited announced the entry of its insurance segment, Aspen Insurance, into Singapore through Aspen’s Lloyd’s syndicate on the Lloyd’s Asia platform, effective Jan. 1, 2016. The launch, which is subject to regulatory approval, is consistent with Aspen’s …
Bermuda-headquartered Aspen Insurance Holdings Limited announced the appointment of David Cohen as president and chief underwriting officer of its insurance segment, Aspen Insurance. With over 35 years of insurance industry experience, Cohen was most recently at Liberty International Underwriters (LIU) …
Bermuda-based Aspen Insurance Holdings Limited estimates its Aspen Re subsidiary lost approximately $50 million from the August 12 explosion in the Port of Tianjin, China, and from natural catastrophes during the third quarter of 2015. Approximately $30 million of these …
Aspen Insurance Holdings Limited, headquartered in Bermuda, reported net income after tax of $49.0 million for the second quarter ended June 30, or $0.62 per diluted share, compared to net income after tax of $130.8 million reported during the same …
Geoff White, underwriting manager for Cyber, Technology and Media at Barbican Insurance Group, has been elected chairman of the Lloyd’s Market Association’s (LMA) newly created Cyber Business Panel. White was elected by the members of the panel on June 5. …
A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance company’s debt, including A.M. Best’s approach to …
Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures. As part of Aspen’s national expansion in the U.S., the new Houston office will serve …
