Endurance Risk Solutions, unit of Bermuda-based Endurance Specialty Holdings, has promoted Gina Anderson to Senior Vice President, Excess Casualty, Diversified Industrial Practice Leader. She will be responsible for managing, developing and growing the Diversified Industrial segment. Anderson is a native …
A.M. Best’s analysts don’t expect to see much change in premium levels in the near future, nor do they expect to see significant changes in rating levels. “We expect the rates to remain stable, and to show some decline in …
The European Commission has issued a formal letter on Solvency II equivalence to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) indicating that it should “carry out equivalence assessments” on Switzerland, Japan and Bermuda. The assessments would determine …
Hub, Burnham & Co. Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part …
Markel, Aspen, FirstComp Markel Corp. completed the previously announced acquisition of Aspen Holdings Inc., a privately held insurance group that provides workers’ compensation insurance and related services, principally to small businesses, in 31 states. Aspen, headquartered in Omaha, Neb., operates …
Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and program manager segments of the insurance distribution business. IDP Holdings …
Aon, Hewitt Associates Aon Corp. said it will cut 1,500 to 1,800 jobs over the next three years after acquiring Hewitt Associates. Aon expects to save $355 million per year, including $280 million per year by eliminating jobs. The cuts …
The 8:00 a.m. AST bulletin from the National Hurricane Center in Miami placed the season’s latest tropical storm, Shary, around 220 miles (355 kms) south–southwest of Bermuda. The storm, which coalesced from a tropical depression last night, packs maximum sustained …
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the third quarter of 2010 of $92.8 million and operating earnings of $0.79 per diluted ordinary share, compared to Q3 2009 net income after tax of $145.8 million, and …
Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common shareholders of $258.6 million or $4.12 per …
