Boardroom Agenda
P/C Net Income Soared in Much of 2015; Investments Remained a Struggle
Property/casualty insurers saw their net income and profitability soar during the first nine months of 2015, though the challenging investment environment reduced yields. Those findings are part of a ...
Report: AIG May Exit At Least 50 Percent of Hedge Fund Investments
American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company's portfolio. The insurer has holdings in ...
P/C Insurance Commercial Rates Dropped 4 Percent in January
Rates for commercial property/casualty insurance fell 4 percent in the first month of the new year, continuing a downward trend that is unlikely to halt anytime soon, according to Richard Kerr, CEO ...
Insurers Kept Their Faith in Allianz’s PIMCO During Transition
While investors pulled funds from Pacific Investment Management Co. in the wake of co-founder Bill Gross's departure, yield-hungry insurance companies kept faith with the company. "Last year the ...
Executives On The Move at Ironshore, JLT and Chubb
Ironshore promoted one of its executives; JLT appointed a former Willis exec to a key U.S. role; Chubb fleshed out the management for its risk management services arm. *** Ironshore Inc.'s Specialty ...
W.R. Berkley CEO: M&A Fallout Creates Window to Lure Promising Talent
Property/casualty mergers, acquisitions and reorganizations in recent months are creating opportunities to snatch up promising employees and make market inroads, W.R. Berkley Corp.'s CEO said. ...
Zurich Insurance Ready to Shrink Some Businesses: Risk Chief
Zurich Insurance Group AG is "prepared to shrink" some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company's ...
XL Catlin Will Disclose Q4 Earnings as Owner of Entertainment Specialty Insurer
XL Catlin has closed its purchase of Allied International Holdings, nearly six months after the planned acquisition was first announced in August. The deal for the U.S.-based specialty insurer of ...