Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Wed, 23 Apr 2014 03:23:15 EST 10 OFF BEAT: In a word — or 37,931 words — it’s insurance http://businessinsurance.com/article/20140422/NEWS04/140429944 20140422/NEWS04/140429944 Et tu, exclusions? Tue, 22 Apr 2014 17:02:19 EST Berkley Corp. first quarter net income up 45.5% over last year http://businessinsurance.com/article/20140422/NEWS04/140429948 20140422/NEWS04/140429948 W.R. Berkley Corp. posted $169.8 million in net income for the first quarter of 2014, an increase of 45.5% from the first quarter of last year. Tue, 22 Apr 2014 15:39:40 EST Managing general agencies remain strong source of direct premiums: Study http://businessinsurance.com/article/20140422/NEWS04/140429950 20140422/NEWS04/140429950 Insurers and managing general agencies are working together to created a more stable business model and a long-term favorable outlook for growth, says a study on MGAs released Tuesday. Tue, 22 Apr 2014 15:13:14 EST Quick congressional action urged on TRIA backstop renewal: Marsh http://businessinsurance.com/article/20140422/NEWS04/140429951 20140422/NEWS04/140429951 WASHINGTON — The potential economic consequences of failure to extend the federal terrorism insurance backstop program should be “an impetus for quick congressional action,” according to report released Tuesday by Marsh L.L.C. Tue, 22 Apr 2014 14:21:47 EST Brown & Brown profit drops to $52.4M in 2014 first quarter http://businessinsurance.com/article/20140422/NEWS04/140429961 20140422/NEWS04/140429961 Net income for the first quarter of 2014 dipped 12.8% from the prior-year period to $52.4 million despite growth in overall revenue, insurance brokerage Brown & Brown Inc. reported Tuesday. Tue, 22 Apr 2014 10:24:19 EST Reinsurers see rates declines, lower catastrophe losses: Report http://businessinsurance.com/article/20140422/NEWS04/140429962 20140422/NEWS04/140429962 Reinsurance rates continue to decline but reinsurers reported solid underwriting gains last year as catastrophe losses were significantly lower than average, according to a report published Tuesday by Fitch Ratings Ltd. Tue, 22 Apr 2014 10:20:25 EST Travelers' profit rises 17% on higher investment income http://businessinsurance.com/article/20140422/NEWS04/140429964 20140422/NEWS04/140429964 (Reuters) — U.S. property/casualty insurer Travelers Cos. Inc. reported a 17% rise in first-quarter profit, helped by higher underwriting gains and an increase in net investment income. Tue, 22 Apr 2014 10:17:10 EST Marsh & McLennan hires Eddie Dunn as director of veteran recruitment http://businessinsurance.com/article/20140421/NEWS04/140429978 20140421/NEWS04/140429978 Marsh & McLennan Cos. Inc. has named Eddie Dunn as director of military and veteran affairs, responsible for managing veteran recruitment strategy, the broker said Monday. Mon, 21 Apr 2014 14:40:30 EST Property/casualty insurer results strong in 2013 fourth quarter: Survey http://businessinsurance.com/article/20140421/NEWS04/140429984 20140421/NEWS04/140429984 The U.S. property/casualty insurance industry's net income for the fourth quarter of 2013 soared to $20.76 billion from $7.25 billion during the same period a year earlier, according to a survey released Monday. Mon, 21 Apr 2014 11:25:49 EST Aspen, Endurance exchange fire in hostile takeover battle http://businessinsurance.com/article/20140421/NEWS04/140429986 20140421/NEWS04/140429986 Endurance Specialty Holdings Ltd. responded swiftly Monday morning to a letter from Aspen Insurance Holdings Ltd. to its shareholders on Sunday reiterating the reinsurer's criticism and rejection of Endurance's $3.2 billion hostile takeover offer. Mon, 21 Apr 2014 11:17:18 EST