Boardroom Agenda
AXA XL Advances Alternative Capital Biz by Buying 100% of New Ocean
AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. New Ocean is ...
Chubb Partners With The Nature Conservancy to Help Protect Miami Coastline
Chubb announced that it is partnering with The Nature Conservancy, the world's largest conservation organization, to work together in Miami to reduce the risk from storm impacts and rising sea levels ...
Nationwide Plans to Slash More Than 1,000 Jobs
Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des ...
U.S. Firms Face High CEO Turnover Due to Poor Succession Planning
About 1 of every 8 chief executive officers at the biggest publicly traded U.S. firms leave within three years. Better succession planning could improve longevity and save shareholders billions of ...
SCOR Forces Resignation of Covéa CEO From Board Following Spurned Takeover Bid
French reinsurer SCOR forced one of its board members — Thierry Derez, the CEO of Covéa — to resign this week. It was the culmination of a boardroom squabble that began in September when SCOR ...
A New Specialty Biz Emerges From Marsh’s Pending $5.6B Acquisition of JLT
Marsh & McLennan Cos. Inc. is forming Marsh-JLT Specialty, a new business within the company that combines the specialty teams of Marsh and the broker Jardine Lloyd Thompson Group plc. Marsh ...
AIG Told by U.S. Regulator to Improve Reinsurance Disclosures
The U.S. Securities and Exchange Commission told American International Group Inc to improve disclosures about its use of reinsurance to mitigate losses in its property and casualty unit, according ...
JLT Shareholders Sign Off on Planned Marsh & McLennan Acquisition
Marsh & McLennan Cos. Inc. said its $5.6 billion acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT's shareholders. Of those shares voted, 99.9 percent voted in favor ...