Content from Mark Hollmer
GNY CEO Warren Heck to Retire; Daughter Will Replace Him
Warren Heck, the long-time leader of GNY Insurance Companies, plans to retire at the end of 2014. He'll remain at the insurer as non-executive chairman. But Heck's daughter, Elizabeth Heck, currently ...
Wills Re North America Head Sees Possibilities at NAMIC Conference
As the National Association of Mutual Insurance Companies' annual conference got underway this week, Willis Re North America President James Kent said he was bullish about the possibilities for his ...
Fireman’s Fund, Minus Commercial, to Zero in on Personal Lines
While Allianz is bringing Fireman's Fund Insurance Company's commercial lines business into its own operations, the short-term plan with its personal lines arm appears to be a focus on maintaining ...
Allianz Will Absorb Fireman’s Fund’s Commercial Lines Business
German insurance giant Allianz said it will absorb Fireman's Fund Insurance Company's commercial lines business into one of its own eponymously-named divisions. Meanwhile, after days of declining to ...
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...
What Analysts Expect in 2015: Lower Rates, More M&A, Underwriting Losses
Analysts seem to agree on a few things, at least, about what the property/casualty insurance industry can expect through the end of 2014 and into 2015. Reinsurance consolidation is coming, they say. ...
QBE CEO Neal: We’ll Keep U.S. Middle Market Biz
QBE has changed its mind about a possible sale of its U.S.-based middle market business, months after confirming that it was under strategic review. Why the change? It seems there's been a bit of a ...
China Investment Firm to Buy Big Stake in Ironshore
An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in late June. ...