Aspen Insurance
Thai floods could cost $10bn
In an earnings conference call this morning to analysts Aspen predicted that the market loss as a result of the recent floods in Thailand could reach as high as US$10bn.
Aspen suffers nine month losses of $193m
Aspen Insurance Holdings reported underwriting losses of $193.8m in the first nine months of this year compared to a profit of $74.6m last year.
Cyber liability: Getting hacked off
Back in 1983, when Hollywood produced a film about a young boy inadvertently hacking into military systems, the possibility of such an occurrence seemed the stuff of fantasy and doom-mongers.
Aspen launches risk management online
Aspen Risk Management has launched a virtual risk manager service to help brokers and clients identify risk management alternatives to insurance.
Top 100 UK insurers supplement: Steadying the ship
After a tough 2009, the top insurers have managed to maintain GWP levels in 2010 but snapping at their heels are a few new entrants doing their best to prove there is still money to be made in general insurance.
Online this week - Top Ten Post Stories - 8 September 2011
The top ten stories from www.postonline.co.uk
Aspen pulls out of solicitors' PI
Aspen Risk Management will not write any more solicitors’ professional indemnity for the "foreseeable future".
Disaster recovery - SME: Dealing with disaster
SMEs would flounder in the face of a disaster, with a large proportion going out of business completely. Edward Murray asks why, therefore, it remains so hard to get them to engage with disaster recovery planning.
Aspen records $128.7m operating loss at the half year
Aspen this morning reported a combined ratio of 105.0%, or 89.2% excluding catastrophe losses for the second quarter of 2011, compared with a combined ratio of 86.9% for the second quarter of 2010.
ARM courts new M4 clients
Aspen Risk Management managing director Kevin Pallett has pledged to open discussions with approximately 100 brokers in the coming weeks, after the firm agreed the purchase of commercial insurance renewal rights from M4 Underwriting.
Aspen Insurance to buy commercial insurance renewal rights from M4
Aspen Insurance’s regional platform Aspen Risk Management has agreed to purchase certain commercial insurance renewal rights and other related assets from M4 Underwriting.
Employment law: Tribunals and tribulations?
The increasing number of employment tribunals presents an opportunity for brokers able to offer advice and legal expenses insurance, writes Kevin Pallett.
People moves – 14 July
A round-up of people moves and new appointments in the industry, as featured in the 14 July 2011 edition of Post.
People moves - 7 July 2011
A round-up of people moves and new appointments in the industry, as featured in the 7 July 2011 edition of Post.
Aspen names head of distribution
Aspen Insurance has appointed Jonny Atkinson as manager, distribution and business development in the UK.
Towergate sets £25m target for new in-house e-trading arm
Towergate Underwriting has targeted an additional £25m in gross written premium once its new commercial e-trading proposition goes live this summer. The firm currently claims to control a total of £600m in GWP — of which £75m is through various software…
ARM launches building valuation service
Aspen Risk Management has launched a free building valuation assessment service for its broker partners and clients.
People moves - 5 May 2011
A round-up of people moves and new appointments in the industry, as featured in the 5 May 2011 edition of Post.
Aspen records $151.7m loss in Q1 as profits hit by cat losses
Aspen has recorded a net loss of $151.7 million, including losses of $255.9 million, net of reinsurance recoveries, reinstatement premiums and taxes, resulting from the natural catastrophe events that occurred in the first quarter of 2011, down from net…
Legal update - product liability: contractual obligations
The recent case of Omega Proteins v Aspen Insurance UK raised an interesting issue for product liability insurers and liability insurers generally. Colin Peck reviews the case and its potential implications.
Aspen confirms Scotland boss
Aspen Risk Management has named Annie Watson as the general manager of its Glasgow office.
Career development & CSR: first specialist recruitment firm signs Declaration
AMC Insurance Appointments has signed up to the year-old Aldermanbury Declaration, becoming the first specialist insurance recruitment consultancy to do so.
RSA's Scotland boss heads to Aspen
RSA's Scotland & Northern Ireland regional director Annie Watson has left the firm to join Aspen.