Boardroom Agenda
VW Probe Reportedly Finds Emissions-Cheating Software Was Open Secret
Volkswagen's development of software to cheat diesel-emissions tests was an open secret in its engine development department, Germany's Sueddeutsche Zeitung newspaper said on Friday, citing results ...
‘Almost Pointless’: KBW’s Take on AIG Mortgage Insurance Spinoff Plan
American International Group Inc.'s plan to spin off a portion of its mortgage insurance unit is "almost pointless" given the challenges that Chief Executive Officer Peter Hancock faces to fix the ...
Zurich’s Ratings Stay the Same Despite Projected Q4 Losses: A.M. Best
Zurich Insurance Co. Ltd.'s financial strength rating of A+ (Superior) and issuer credit rating of "aa-" remain unchanged, following preliminary news of more losses to come in the insurer's general ...
Activists Live In ‘Fool’s Paradise’; Don’t Understand Insurance Basics, CEO Says
Even before Carl Icahn amped up the volume on his message to American International Group to make a "drastic strategic shift" last week, questions started to surface about whether other insurers are ...
AIG Mortgage Insurance Spinoff In the Works: Sources
American International Group Inc. has decided to pursue a spinoff of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends ...
Pentagon Postpones Cyber Security Requirement for 10,000 Contractors
The Pentagon has delayed for almost two years a requirement that as many as 10,000 companies show that they have systems to protect sensitive but unclassified information from cyber-attacks before ...
AIG Faced Investor Pressure Long Before Icahn
American International Group Inc. knows what it's like to be circled by hawks. Under pressure in 2009 to repay the insurer's bailout, company executives were in a race to sell assets. Then Robert ...
Acknowledging Predecessor, New Travelers CEO Schnitzer Pledges Continued Innovation
The Travelers Companies reached a major milestone on Jan. 21 when the property/casualty insurance giant holding its first earnings call under new CEO Alan Schnitzer. Executives appeared to go out of ...