Boardroom Agenda

A.M. Best said Spinnaker Will Benefit From Hippo’s Acquisition

Hippo's acquisition of Spinnaker Insurance drew favorable attention from A.M. Best. The ratings agency removed Spinnaker from under review with developing implications and affirmed both it's A- ...

MetLife Looking to Sell P/C Auto and Home Biz: KBW

MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger ...

Consortium to Buy Aviva’s Singapore Business for $1.98B

British life, motor and home insurer Aviva said on Friday it will sell its majority shareholding in its Singapore business to a consortium led by Singapore Life for S$2.7 billion ($1.98 billion), as ...

Arch Capital Reportedly Leading $500M Bid for Reinsurer Watford Holdings

A consortium led by insurer Arch Capital Group Ltd has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd , people familiar with the matter said on Tuesday. The ...

Executives On The Move at Erie and GEICO

Erie Insurance appointed a new chief information security officer. GEICO's board elected a new officer and promoted two others.

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Erie Insurance has appointed ...

Buffett’s Berkshire Hathaway Invests in Japan’s Five Biggest Trading Firms

Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the ...

COVID-19 Uncertainties Likely to Reverse H1 Global Insurance M&A Surge

Insurer mergers and acquisitions climbed higher in the first half of 2020 with a robust 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co's "Insurance ...

Pay New CEOs More To Gets Results: Research

While many previous studies focused on how CEO pay relates to past performance, new research from the University of Notre Dame takes a different approach: The paper examines how compensation for ...

State Auto Extends CEO LaRocco’s Contract for 12 More Months

State Auto Financial Corp's board of directors has extended the contract of President and CEO Mike LaRocco for an extra 12 months, citing the need for "stability and continuity" in the face of ...

AXA Fund Unit Sets 33 Percent Target for Gender Diversity on Company Boards

AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark. The asset management unit ...