CEO / Chief Executive
Another Unprofitable Quarter For AIG, Thanks to Hedge Funds
American International Group Inc., the insurer that's shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the ...
Ex-AIG Exec to Succeed David Duclos as CEO of QBE North America
A former AIG executive is joining QBE with plans to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation ...
State Auto Dives Due to Continued Higher Auto Loss Costs
Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus net income of $24.7 million, or $0.60 per diluted share, for the ...
Founder-Led Companies Perform Best: Harvard Business Review
Companies led by their founders run circles around the others. Chris Zook, a partner in Bain & Company's Boston office and a co-head of its global strategy practice, makes this assertion as part ...
CNA’s Q1: Net Income Plunges but Underwriting Improves
CNA Financial Corp.'s first three months of 2016 produced a mixed bag of results. Fallout from a 2010 agreement to cede Asbestos and Environmental Pollution liabilities to National Indemnity Company ...
Berkshire Profit Climbs on Investments; Insurance Underwriting Income Slipped by More Than Half
Berkshire Hathaway Inc.'s profit rose 8.2 percent in the first quarter as gains at manufacturing units and the investment portfolio overseen by Chairman Warren Buffett offset a slump at insurance ...
Is Ajit Jain’s Plate Too Full? No, Buffett Says
Among the insurance-related highlights of Berkshire Hathaway's annual meeting in Omaha, Neb. was Warren Buffett's answer to a question about succession planning for subsidiaries. "There are no tea ...
Straight Talk From Buffett on ‘Bearded’ Reinsurers
An oversupply of capital is one factor making reinsurance less attractive for Warren Buffett these days, the chairman of Berkshire Hathaway said Saturday—making a specific reference to suppliers ...