Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Sat, 25 Oct 2014 21:54:38 EST 10 Donna Nadeau named COO of XL North America property/casualty insurance operations http://businessinsurance.com/article/20141024/NEWS04/141029862 20141024/NEWS04/141029862 XL Group P.L.C. has named Donna Nadeau chief operating officer of its North America property/casualty insurance business, the Dublin-based company said Friday. Fri, 24 Oct 2014 13:06:02 EST Investments drive Berkley's strong third-quarter profit http://businessinsurance.com/article/20141024/NEWS04/141029864 20141024/NEWS04/141029864 W.R. Berkley Corp.'s net income for the third quarter of 2014 surged 37.6% over that of the same period in 2013 to $188.5 million, driven in part by strong investment results, the insurer reported. Fri, 24 Oct 2014 11:27:28 EST Chubb sees profit of $594M in third quarter http://businessinsurance.com/article/20141023/NEWS04/141029875 20141023/NEWS04/141029875 Chubb Corp. reported 2014 third-quarter net income of $594 million, a 9.8% increase from the same period last year, the insurer said Thursday. Thu, 23 Oct 2014 15:45:19 EST Everest Re profit up 17.1% in third quarter http://businessinsurance.com/article/20141023/NEWS04/141029876 20141023/NEWS04/141029876 Everest Re Group Ltd. reported third-quarter net income of $274.9 million, an increase of 17.1% over the same period last year, as net written premiums grew and the company’s combined ratio improved. Thu, 23 Oct 2014 15:17:19 EST International group introduces capital standard formula for insurers http://businessinsurance.com/article/20141023/NEWS04/141029877 20141023/NEWS04/141029877 The International Association of Insurance Supervisors on Thursday said it has developed the first global insurance capital standard. Thu, 23 Oct 2014 13:56:41 EST Allied World profit drops; business segments to be reorganized http://businessinsurance.com/article/20141023/NEWS04/141029888 20141023/NEWS04/141029888 Third-quarter net income at Allied World Assurance Co. Holdings A.G. fell 74.8% from the prior-year period to $30.9 million as the Zug, Switzerland-based underwriter contended with increased catastrophe losses. Thu, 23 Oct 2014 11:49:10 EST Insured damages in Bermuda from Gonzalo estimated at $200M-$400M: AIR http://businessinsurance.com/article/20141022/NEWS04/141029903 20141022/NEWS04/141029903 Last week's Hurricane Gonzalo caused estimated insured damages of between $200 million and $400 million in Bermuda, catastrophe modeler AIR Worldwide said Wednesday. Wed, 22 Oct 2014 14:47:06 EST Ace reports lower net income in third quarter http://businessinsurance.com/article/20141022/NEWS04/141029912 20141022/NEWS04/141029912 Ace Ltd. reported third quarter net income of $785.0 million, down 14.2% from the same period last year as adjusted net realized losses of $106 million blunted gains in premiums and investments, the company announced Tuesday. Wed, 22 Oct 2014 09:11:25 EST Ace excludes Ebola claims for some new and renewal general liability policies http://businessinsurance.com/article/20141021/NEWS04/141029936 20141021/NEWS04/141029936 Ace USA confirmed Tuesday that it will exclude coverage for Ebola claims under new and renewal general liability polices issued to companies that have exposures to certain African countries. Tue, 21 Oct 2014 14:55:37 EST Property and casualty rates soft, but aviation rates could soar in 2015 http://businessinsurance.com/article/20141021/NEWS04/141029945 20141021/NEWS04/141029945 Commercial property and casualty rates will continue to be soft during 2015 as other lines like commercial aviation and in some cases cyber coverage could show strength. Tue, 21 Oct 2014 13:46:28 EST