Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Tue, 15 Apr 2014 23:04:53 EST 10 British insurer RSA names chief operating officer to oversee asset sales http://businessinsurance.com/article/20140415/NEWS04/140419912 20140415/NEWS04/140419912 (Reuters) — British insurer RSA has appointed its emerging markets chief to the newly created role of chief operating officer to oversee sales of non-core businesses as the company shores up its balance sheet. Tue, 15 Apr 2014 09:21:08 EST Aspen Insurance rejects hostile takeover bid by Endurance http://businessinsurance.com/article/20140414/NEWS04/140419929 20140414/NEWS04/140419929 Aspen Insurance Holdings Ltd. has rejected a $3.2 billion cash-and-stock hostile offer by Endurance Specialty Holdings Ltd., Hamilton, Bermuda-based Aspen said in a statement Monday. Mon, 14 Apr 2014 12:16:28 EST Severe weather, weak investment income to strain first-quarter results http://businessinsurance.com/article/20140414/NEWS04/140419931 20140414/NEWS04/140419931 Severe winter weather and disappointing investment income is likely to impact insurers’ first-quarter results, according to a pair of analyses released Monday. Mon, 14 Apr 2014 10:56:29 EST Insurer Endurance offers to buy Aspen Insurance for $3.2B http://businessinsurance.com/article/20140414/NEWS04/140419932 20140414/NEWS04/140419932 (Reuters) — Insurer Endurance Specialty Holdings Ltd. said it offered to acquire Aspen Insurance Holdings Ltd. for about $3.2 billion in cash and stock. Mon, 14 Apr 2014 10:01:05 EST Senate bill to renew terrorism insurance backstop includes higher insurer copays http://businessinsurance.com/article/20140413/NEWS04/304139966 20140413/NEWS04/304139966 The prospects for the federal terrorism insurance backstop sharply improved last week with the introduction of an extension measure in the U.S. Senate. But insurer groups cautioned that proposed program modifications were too radical. Sun, 13 Apr 2014 06:00:00 EST Arthur J. Gallagher accelerates global push with purchase of Australia broker http://businessinsurance.com/article/20140413/NEWS04/304139967 20140413/NEWS04/304139967 Arthur J. Gallagher's proposed buyout of Australian conglomerate Wesfarmers' insurance brokerage operations would instantly give Gallagher a giant footprint in Australia and position the large U.S. broker for growth in Asia. Sun, 13 Apr 2014 06:00:00 EST Panama Canal expansion covered by global insurers and reinsurers http://businessinsurance.com/article/20140413/NEWS04/304139975 20140413/NEWS04/304139975 Major global players in the insurance industry are providing coverage for the pivotal Panama Canal expansion project. Sun, 13 Apr 2014 06:00:00 EST London insurance market aims to stay relevant to buyers as times change http://businessinsurance.com/article/20140413/NEWS04/304139976 20140413/NEWS04/304139976 The London market must change, its leaders say, to ensure it remains competitive and relevant to insurance and reinsurance buyers at a time when capacity is readily available from new sources, such as pension funds. Sun, 13 Apr 2014 06:00:00 EST UP CLOSE: Bill Wright http://businessinsurance.com/article/20140413/NEWS04/304139984 20140413/NEWS04/304139984 ATLANTA-BASED SENIOR VICE PRESIDENT Sun, 13 Apr 2014 06:00:00 EST Q&A: Steve McGill, Aon P.L.C. http://businessinsurance.com/article/20140413/NEWS04/304139999 20140413/NEWS04/304139999 Steve McGill is group president of Aon P.L.C. and chairman and CEO of the brokerage's global risk management business. Mr. McGill had a long career as a brokerage executive in the London market before joining Aon in 2005. Sun, 13 Apr 2014 06:00:00 EST