Content from Mark Hollmer
House Bipartisan TRIA Bill Expected In June: Subcommittee Chair
The chairman of crucial U.S. House subcommittee said a bipartisan bill of its own that will renew the Terrorism Risk Insurance Act, or TRIA, will be unveiled in June. Rep. Randy Neugebauer, R-Texas, ...
Zurich Insurance’s New CFO Makes His Formal Debut, Touting Solid Q1 Results
New Zurich Insurance Group CFO George Quinn is only in his first full month on the job, but he confidently touted a solid 2014 first quarter performance in a pre-filmed video for analysts and the ...
Tower Group Rejects Offer From Eastern European Insurer
Tower Group International's board of directors unanimously rejected a surprise acquisition bid submitted earlier this week from an Eastern European Insurer, choosing instead to focus on an ongoing ...
RAND Study Backing TRIA Among Latest Additions to Continuing Renewal Debate
More than seven months before the Terrorism Risk Insurance Act is set to expire yet again, the lobbying push to renew it or let the post-9/11 law lapse is accelerating, with no consensus yet in ...
Troubled Tower Ends Relationship with PwC; Fitch Announces Downgrade, Rating Withdrawal
Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to ...
WSJ: Two AIG Execs In the Lead To Become CEO
AIG's heads of property casualty and life-insurance/retirement appear to be the two leading candidates to become the conglomerate's next CEO. As The Wall Street Journal reported, current CEO Robert ...
Allstate Execs Insist Esurance Is Making Progress
Three years ago, Allstate snatched up direct-to-consumer insurer Esurance, and made it a wholly owned subsidiary, in a bid to reach younger customers through its vast online self-directed consumer ...
Goldman Sachs: Many P/C Insurers Plan Riskier Investments
Nearly 40 percent of property/casualty insurers say they'd like to increase holdings in alternative investments in the coming months to combat low yields, according to a new Goldman Sachs Asset ...