E&S/Specialty

Aspen Insurance Holdings Ltd. adopted a so-called poison pill to discourage a hostile takeover after rebuffing a $3.2 billion buyout offer from Endurance Specialty Holdings Ltd. Aspen declined the most since February in New York trading.

Congressional pressure has moved the National Retail Federation to establish an industry group that will foster sharing of security info between the public and private sector.

Endurance Specialty Holdings Ltd., the Bermuda-based provider of property and casualty insurance, announced a $3.2 billion offer to buy Aspen Insurance Holdings Ltd. after the target company turned down its proposal.

Insurance associations are welcoming the Senates introduction of a TRIA extension, but some industry officials are concerned about language in the bill.

The U.S. Court of Appeals for the Eighth Circuit determined claims brought by four siblings that their former financial advisor had misrepresented investments amounted to a single claim under the advisors professional liability insurance policy.

In the wake of Heartbleed, the study sounds the alarm for increasing awareness of cyber threat.