Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Wed, 23 Jul 2014 19:01:32 EST 10 Aspen reports strong 2nd quarter earnings in shadow of takeover bid http://businessinsurance.com/article/20140723/NEWS04/140729906 20140723/NEWS04/140729906 Aspen Insurance Holdings Ltd. saw second quarter net income more than triple to $130.8 million from $40.1 million in the same period last year on improved underwriting income and substantial investment gains. Wed, 23 Jul 2014 17:00:11 EST Natural catastrophes cause global insured damages of $22B in first half: Report http://businessinsurance.com/article/20140723/NEWS04/140729920 20140723/NEWS04/140729920 Natural catastrophes caused about $22 billion in insured damage during the first half of 2014, according to a report issued Wednesday by Aon Benfield Group Ltd. Wed, 23 Jul 2014 09:52:18 EST Ace net income down 12.5% in 2nd quarter http://businessinsurance.com/article/20140722/NEWS04/140729939 20140722/NEWS04/140729939 Net income declined 12.5% to $779.0 million at Zurich-based Ace Ltd. as the company's agriculture activities weighed upon results. Tue, 22 Jul 2014 16:29:43 EST OFF BEAT: Minutes count when renewing auto insurance http://businessinsurance.com/article/20140722/NEWS04/140729946 20140722/NEWS04/140729946 When a Pennsylvania woman phoned Safe Auto Insurance Co. Tue, 22 Jul 2014 14:20:34 EST EPIC buys Leavitt Group's Jenkins Insurance unit http://businessinsurance.com/article/20140722/NEWS04/140729950 20140722/NEWS04/140729950 Edgewood Partners Insurance Center Inc., which does business as EPIC, has purchased Concord, California-based Jenkins Insurance Services Inc., a unit of Leavitt Group Enterprises Inc. Tue, 22 Jul 2014 12:41:10 EST Beazley reports $132.9M profit in 2014 first half http://businessinsurance.com/article/20140722/NEWS04/140729952 20140722/NEWS04/140729952 Beazley P.L.C. reported pretax profit of $132.9 million for the first six months of 2014, up 61.5% posted for the comparable period last year, the Dublin-based insurer and reinsurer said Tuesday. Tue, 22 Jul 2014 11:52:41 EST Acquisitions drive Brown & Brown’s 2nd-quarter revenue increase http://businessinsurance.com/article/20140722/NEWS04/140729957 20140722/NEWS04/140729957 Daytona Beach, Florida-based Brown & Brown Inc.’s second-quarter revenues rose 22.1% over those of the same period a year earlier to $397. Tue, 22 Jul 2014 10:50:50 EST Travelers' profit misses estimates as catastrophe losses rise http://businessinsurance.com/article/20140722/NEWS04/140729964 20140722/NEWS04/140729964 (Reuters) — Property/casualty insurer Travelers Cos. Inc.'s quarterly earnings fell short of analysts' estimates as hail- and windstorms in the United States increased catastrophe losses. Tue, 22 Jul 2014 09:00:51 EST Cross acquires another Maine-based agency, Merchant, Needham & Associates http://businessinsurance.com/article/20140721/NEWS04/140729981 20140721/NEWS04/140729981 Cross Insurance, a subsidiary of Cross Financial Corp., announced its acquisition of Northeast Harbor, Maine-based insurance agency Merchant, Needham & Associates Insurance. Mon, 21 Jul 2014 14:10:56 EST Aspen keeps pressure on shareholders to reject Endurance takeover bid http://businessinsurance.com/article/20140721/NEWS04/140729987 20140721/NEWS04/140729987 Aspen Insurance Holdings Ltd. Monday sent a letter to shareholders again urging them to reject the unsolicited $3.2 billion offer made for the company by Pembroke, Bermuda-based Endurance Specialty Holdings Ltd. Mon, 21 Jul 2014 11:15:57 EST