CEO / Chief Executive
Marsh & McLennan Will Grab JLT for $5.7B; Deal Boosts Consulting Capacity
Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic ...
Hurricane Florence’s Flood Focus Lowers Insured Loss Estimates
Once Hurricane Florence made landfall in North Carlina on Sept. 14, its lower wind speed and sluggish pace made it much more of a flood event than a wind one. As a result, modelers and other experts ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
The Hanover CEO Roche: Chaucer Sale Could Help Fuel Investment in Talent, Divisions, Select Acquisitions
The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top ...
Liberty Mutual Rebrands Canadian Operations in Wake of 2017 Ironshore Acquisition
Liberty Mutual Insurance's $3 billion acquisition of Ironshore in 2017 has led to a rebranding of its Canadian operations. The insurer disclosed on Sept. 13 that Liberty International Underwriters ...
The Hanover Will Sell Its International Specialty Business to China Re for $950M
The Hanover Insurance Group Inc. has agreed to sell its Chaucer international specialty business to China Re Group for $950 million, representing a big change of course for the Massachusetts-based ...
Lloyd’s Still Set for a Radical, High-Tech Makeover, Promises Outgoing CEO Beale
Lloyd's of London's historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing ...
Global P/C Markets Falling Short on Sustainable Returns: Swiss Re Sigma
Global property/casualty insurance markets are underperforming and have a way to go before producing sustainable returns, Swiss Re said in its latest sigma report. "Most markets remain in a phase of ...
Old Practices May Help AIG CEO Duperreault Recapture Insurer’s ‘Lost Shine’
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail ...