CEO / Chief Executive
Pre-Bailout CEO, Exec Pay Returns to AIG
American International Group Inc's new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. One thing he has ...
AXIS Sweetens Bid for Lloyd’s Specialty Carrier Novae, Now Offering $611.5M
AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd's of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said ...
Introducing the QBE, Arrowhead Partnership for Small Commercial
When it was announced in June that San Diego, Calif.-based Arrowhead General Insurance Agency Inc. was selected as the program administrator for QBE North America's small commercial insurance ...
Fairfax Financial Will Sell Singapore Insurer to Mitsui Sumitomo for $1.6B
Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore's First Capital Insurance for $1.6 billion from Canada's Fairfax Financial Holdings, in the biggest takeover by a Japanese insurer in ...
J&J Talc/Cancer Trial Verdict Opens New Front in Litigation
A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were ...
Some P/C Industry CEOs Speak Out to Employees Against Charlottesville Racist Violence
In the days after a white supremacist/Alt-Right march and violent protests in Charlottesville, Va., some property/casualty insurance carrier executives chose to speak loudly to employees against what ...
Verisk Analytics Commits $322.7M to Buy UK Software Firm Sequel
Verisk Analytics plans to acquire Sequel for $322.7 million, a deal that will give it a UK-based software firm focused on complex commercial and specialty insurance. Sequel is currently owned by ...
Allstate’s July Pre-Tax Catastrophe Losses: $181 Million
The Allstate Corp. said pre-tax catastrophe losses in July reached $181 million, with more than half of the cost coming from severe wind, hail and rain events in the U.S. Midwest. Broken down, 13 ...