Content from Mark Hollmer
S&P, Fitch Differ on Whether Reinsurance Price Declines Are Moderating
Two of the P/C industry's ratings entities – Fitch and Standard & Poor's – differ as to whether they see a moderation of ongoing reinsurance price declines. Fitch sees the downward trend ...
Allstate’s Wilson Cites Esurance Improvements, But Struggles Remain
For Allstate, the bid to make its online auto and home insurance provider Esurance a profitable endeavor remains a long-term goal. But the 2015 second quarter showed some moderate progress. Esurance ...
Travelers’ Fishman, Suffering From ALS, Will Step Down as CEO Dec. 1
Jay Fishman is stepping down as CEO of The Travelers Companies on Dec. 1, due to a neurodegenerative condition that appears to be a form of ALS. Alan Schnitzer is set to replace him as chief ...
Clinical Trials and Insurance: Carriers Adapt to Unique, Evolving Demands
Clinical trial liability insurance has been around for more than two decades. But as the development and testing of new drugs has gone global, risks in the sector are growing and also becoming more ...
W.R. Berkley Founder Will Pass CEO Slot to Son On Oct. 31, But Stay as Chairman
William R. Berkley is stepping down as CEO of W.R. Berkley Corp. on Oct. 31, putting into action in a long-discussed succession plan for his son, W. Robert Berkley, Jr. to replace him in the ...
W.R. Berkley’s CEO: M&A Trend Mostly Driven by ‘Management Ego’
W.R. Berkley Corp.'s outspoken chairman and CEO slammed the surge of M&A activity hitting the property/casualty industry in recent months as something driven more by "management ego" than true ...
ACE’s Greenberg: Chubb Acquisition is ‘Unique Opportunity’ That’s Hard to Replicate
Executives from ACE Ltd. and Chubb are "moving quickly" and amicably to figure out the details of their $28 billion acquisition and expect their shareholders to vote on the proposal in the fall, CEO ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...