E&S/Specialty

Aspen says second-quarter net income was more than halved due to $58.7 million in catastrophe losses.

Flooding across Central Europe in May and June tops the list of costliest natural insured-loss events in a relatively mild first six months of 2013, according to Aon Benfields Impact Forecasting.

Citing excellent underwriting results and growth in premium rates, Ace Ltd. says second-quarter net income jumped 172 percent and its CEO predicts the industry will continue to get rate increases despite soft reinsurance market conditions.

PC360 recently spoke Manny Rios, CEO of well-known insurer of mobile homes American Modern, about the company's reinvention within the specialty marketplace and expansion of additional niches.

Radian Group Inc, the biggest private U.S. mortgage insurer, posted a surprise quarterly adjusted profit, helped by a rise in premium income.

W.R. Berkley Corp. achieved average rate increases of 6.5 percent on renewed policies during the second quarter and its CEO says nothing stands in the way of more increases throughout the rest of 2013.