Content from Mark Hollmer
Smaller Companies Not Embracing Cyber Risk Insurance: Treasury Dept.’s Raskin
While the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit, Deputy ...
AIG CFO David Herzog: Congress Was ‘Wise’ to Renew TRIA
The property/casualty insurance industry was without a federal terrorism reinsurance program for about two weeks, between its expiration on Dec. 31, and long-awaited Congressional action to renew it ...
EXCLUSIVE: Spain’s MAPFRE Grabs MiddleOak’s Personal Lines Business
Spanish insurance giant MAPFRE SA has said it wants to expand and is eying acquisitions in both Europe and the U.S. Barely two months into 2015, it has pulled the trigger on one such deal in New ...
AXIS CEO Benchimol Sticks to Script on $11B PartnerRe Merger Deal
Early on in the fourth-quarter earnings call for AXIS Capital Holdings Ltd., company president and CEO Albert Benchimol warned that he and his team would be able to say very little about a planned ...
Insurance and the Millennial Challenge: Making the Industry Compelling for a New Generation
As long as Bob O'Leary can remember, the insurance industry has often struggled to attract young people to its ranks. The 59-year-old president and CEO of Philadelphia Insurance Cos. has been in the ...
ReSource Pro Gains Ground by Offering Outsourcing of a Different Sort
ReSource Pro CEO Dan Epstein believes that property/casualty insurers are ripe for the outsourcing in which his company specializes: business process outsourcing. "There are a whole range of ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
Fitch Ratings: Bermuda Reinsurers Adapting To a Tough 2015 Ahead
Merger-mania may be accelerating among property/casualty reinsurers. But as Fitch Ratings sees it, the Bermuda market in 2015 is adapting in the face of heavy competition, alternate sources of ...