Boardroom Agenda
State Auto Loses $114.6M in Q1 Due to Investment, Catastrophe Losses
State Auto Financial Corp. lost $114.6 million in the 2020 first quarter and said its combined ratio climbed above 107. Investment and catastrophe losses were behind the results. At the same time, ...
House Judiciary Committee Chair Eyes Ban on Mergers to Protect Small Firms During Pandemic
The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related ...
UK Insurers Cancel More Than $1.2B in Dividends Over Coronavirus Worries
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs ...
Markel, Citing Coronavirus Concerns, Moves Its 2020 Annual Meeting to the Internet
Markel Corporation will be holding its 2020 annual meeting virtually, with only company officers and other personnel in physical attendance at the session. The specialty insurer said it made the ...
Women’s History Month: Honoring Women in the Insurance Industry
When Barbara Bufkin started in the insurance industry nearly four decades ago, she didn't think about women's roles. She started her career as a commercial underwriter, then a casualty facultative ...
Canopius Buys Majority Stake in MultiStrat Holdings, a Bermuda-based Specialty Reinsurer
Canopius Group Ltd. has purchased a majority stake in Bermuda-based MultiStrat Holdings Ltd. Neither side disclosed financial terms. MultiStrat is a specialty reinsurance group that writes both ...
In Times of Crisis, Leaders Should Use Frequent Communication (and Metaphors)
The coronavirus and its global spread has left companies around the world scrambling to keep employees safe, reduce anxiety and maintain stability of their operations. In times of crisis, however, ...
Aon, Willis Towers Watson Frame Merger as Way to Boost Innovation and Ability to Adapt
There are several talking points that are evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it's not about getting bigger; it's about getting better. And, ...