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Bermuda-based Aspen Insurance Holdings Limited is positioning its U.S. specialty insurance operation for an inevitable market turn by hiring experienced professionals, according to CEO John Cavoores. Mario Vitale, an alumnus of Zurich and Willis, joined the Aspen leaderboard as president last week, bearing the battle scars of prior soft markets.
The big story this morning is the earthquake and ensuing tsunami off the east coast of Japan, but we'll also be covering AIG's plan to buy bonds, an NFIP hearing, and Florida insolvencies.
As far as going direct, it depends on the line of business. When you get into the more complex lines—at least on the property/casualty side—you don’t see [the direct channel], but for the personal lines—particularly personal auto—there is definitely more inclination to go direct.
The 2011 America's Claims Event will feature a keynote address from Stephen Cozen, who was hired to develop the distribution of funds following the Deepwater Horizon disaster.
In the fourth part of this series, PropertyCasualty360.com technology channel editor Bob Hyle continues the conversation with a trio of vendors in the insurance software space on their opinions on subjects such as carrier weaknesses, project management, and their partnership with carriers.
The Broadway production of Spider-Man has had starts and stops, cast and crew injuries, bad reviews prompting rewrites and now its director is being replaced, putting off the already delayed opening night, but in the end, who is paying for all this?
Within the last two weeks Florida Chief Financial Officer Jeff Atwater has announced the arrests of two public adjusters as lawmakers prepare to consider a vast property insurance reform bill with provisions that address the practices of public adjusters.
Insurer Allstate Corp. gave its CEO a pay package in 2010 that was worth $8.6 million, a cut of about 8 percent from 2009, according to a company filing made Wednesday with the Securities and Exchange Commission.
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