Boardroom Agenda
U.S. D&O Underwriting Losses Continue Despite Record Premiums: Fitch Ratings
Record premiums haven't been enough to reverse U.S. D&O insurers' underwriting losses, and the sector will still lose money in the near term as a result, Fitch Ratings said. Premium growth for ...
Aon’s $30B WTW Bid Will Reportedly Win EU Approval Without More Concessions
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said. ...Slice Labs CEO Attia Adapts After a Challenging COVID Year
About a year ago, two months into the COVID-19 pandemic, Slice Labs laid off about a third of its staff due to the coronavirus-related economic environment. Like many other startups, the company ...
The Hartford CEO Swift: Optimistic About BI Claims and Pandemic Fading
The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and said related concerns about business interruption ...
The Hartford Rejected Three M&A Offers in All From Chubb
After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its ...
Brexit Hits London Worse Than Expected as Financial Firms Shift Business Elsewhere
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a ...
Ex-Allianz CFO Wemmer Is Launching a SPAC to Target Insurance Deals
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three ...
Hallmark Financial Will Pursue IPO of Specialty Commercial Business Segment
Hallmark Financial Services Inc, plans to pursue an IPO of its Specialty Commercial business segment. The initial public offering involves a non-controlling ownership stake in the unit, and it will ...