Aspen News

Aspen US Insurance Opens Houston Office

Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures. As part of Aspen’s national expansion in the U.S., the new Houston office will serve …

Aspen US Insurance Appoints AIG’s Menelly As Marketing Director

Aspen US Insurance has named Douglas Menelly as senior vice president of marketing. He will report to Bob Rheel, executive vice president and U.S. head of property/casualty for Aspen Insurance. Menelly joins Aspen with 14 years’ experience in communications, market …

Aspen US Names DiBattista as SVP of Excess Casualty

Aspen US Insurance in New York has named Jude DiBattista as senior vice president and chief underwriting officer for Excess Casualty. DiBattista has 20 years of industry experience in property/casualty lines, most recently as environmental product manager for Aspen US …

Best Affirms Aspen UK, Bermuda and Subs Ratings; Outlook Stable

A.M. Best Europe – Ratings Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Bermuda Limited (ABL), as well as the ICR …

Markel Executive Joins Aspen US Insurance in New York

Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes excess and primary casualty. …

Earnings Reports: Aspen Insurance Holdings, Everest Re Group

Selected earnings highlights from Bermuda-based Aspen Insurance Holdings for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $666.6 mn $582.2 mn Net premiums earned ———– $513.4 mn …

Earnings Report: Aspen Holdings

Ratings: United Overseas, Aspen (Pref. Shares), BF&M, Island Heritage

A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a+” to Singapore-based United Overseas Insurance Limited (UOI); both ratings have a positive outlook. Best said the ratings “reflect UOI’s solid risk-adjusted …

Colorado Bus Kills Pedestrian Walking In Bus Lane

A 29-year-old woman who was walking in the bus lane on the outskirts of Aspen, Colo. was hit and killed by a bus early Sunday. The Aspen Times reports that the unidentified pedestrian was hit from behind by a Roaring …

Aspen Chief Says It’s Time to Get Back Underwriting Discipline

With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive. Mario Vitale, co-chief executive officer of Aspen Insurance, said more and more insurers …