Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Thu, 31 Jul 2014 02:09:37 EST 10 Endurance terminates takeover bid for Aspen Insurance http://businessinsurance.com/article/20140730/NEWS04/140739971 20140730/NEWS04/140739971 Endurance Specialty Holdings Ltd. on Wednesday said it has terminated its offer to acquire Aspen Insurance Holdings Ltd. and will not be pursuing its board size increase and scheme of arrangement proposals. Wed, 30 Jul 2014 15:47:40 EST RenaissanceRe quarterly profit surges to $120.7M http://businessinsurance.com/article/20140730/NEWS04/140739977 20140730/NEWS04/140739977 RenaissanceRe Holdings Ltd. posted second-quarter net income of $120.7 million, a nearly fivefold increase from $26.8 million in the prior-year quarter as revenue and investment income jumped and net claims and claims expenses fell. Wed, 30 Jul 2014 14:21:05 EST Property/casualty insurers held strong reserves in first quarter: Report http://businessinsurance.com/article/20140730/NEWS04/140739983 20140730/NEWS04/140739983 Property and casualty insurers continued to show favorable reserve development during the first quarter of 2014, according to an analysis of statutory data by SNL Financial L.C., the company said in a statement Wednesday. Wed, 30 Jul 2014 12:47:20 EST Hartford realigns senior leadership http://businessinsurance.com/article/20140730/NEWS04/140739985 20140730/NEWS04/140739985 The Hartford Financial Services Group Inc. has announced a realignment of its senior leadership positions. Wed, 30 Jul 2014 12:04:05 EST Axis profit more than doubles to $190.6M in second quarter http://businessinsurance.com/article/20140730/NEWS04/140739986 20140730/NEWS04/140739986 Axis Capital Holdings Ltd. saw second-quarter net income more than double to $190.6 million on healthy underwriting and investment income and lower net losses and expenses, as well as an improved combined ratio. Wed, 30 Jul 2014 11:23:01 EST Willis quarterly revenue up 5.1%, but taxes, expenses blunt profit http://businessinsurance.com/article/20140729/NEWS04/140729804 20140729/NEWS04/140729804 Willis Group Holdings P.LC. said Tuesday that its second-quarter revenue increased 5.1% to $935.0 million as commissions and fees grew, but increased income tax charges and expenses limited its net income. Tue, 29 Jul 2014 17:38:29 EST Arthur J. Gallagher quarterly revenue up 51% over 2013 http://businessinsurance.com/article/20140729/NEWS04/140729808 20140729/NEWS04/140729808 Arthur J. Gallagher & Co. reported on Tuesday that this year’s second-quarter revenue rose 51.2% over the same period a year ago to $1.18 billion, driven in large part by its risk management and brokerage segment and clean energy segment. Tue, 29 Jul 2014 16:08:03 EST Both PartnerRe, Montpelier Re post improved second quarters over 2013 http://businessinsurance.com/article/20140729/NEWS04/140729820 20140729/NEWS04/140729820 Two Bermuda-based reinsurers bounced back from 2013's second-quarter losses with profits as they reported second-quarter 2014 results on Monday. Tue, 29 Jul 2014 10:43:43 EST Australia's QBE warns H1 results could disappoint http://businessinsurance.com/article/20140729/NEWS04/140729821 20140729/NEWS04/140729821 (Reuters) — QBE Insurance Group, Australia's biggest insurer by premium income, on Tuesday warned that its first-half results would likely fall short of analysts' forecasts, hit by higher-than-expected claims. Tue, 29 Jul 2014 09:55:56 EST XL reports $279.3M 2nd-quarter loss after selling life reinsurance business http://businessinsurance.com/article/20140729/NEWS04/140729822 20140729/NEWS04/140729822 XL Group P.L.C. reported a net loss of $279.3 million for the second quarter of 2014, reflecting a large after-tax loss on the sale of its life reinsurance operation, the Dublin-based insurer said. Tue, 29 Jul 2014 09:42:56 EST