CEO / Chief Executive
Two More AIG Execs Depart in Ongoing Overhaul; New COO Named
American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the ...
Q&A: Don’t React to Rumors on A.M. Best’s New Model, COO Mosher Says
A.M. Best is overhauling the calculation of the Best's Capital Adequacy Ratio used in its assessments of insurer capital strength, but higher resulting risk charges and correspondingly lower BCAR ...
BCAR Revisited: Understanding A.M. Best’s New Model
Carriers can toss out old playbooks that helped them map financial metrics into A.M. Best ratings, according to rating agency analysts, who are putting finishing touches on a new capital adequacy ...
Hank Greenberg: AIG Let ‘Fox in the Henhouse’ With Icahn Deal
American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking an accord with activist investors who want to shrink ...
The Hartford CEO Swift: M&A One of Many Possible Growth Options
The Hartford Chairman and CEO Christopher Swift said that M&A is one of many possible options for the property/casualty insurer as it looks at ways to accelerate growth in the months ahead. "We ...
In Q4, Markel Improved Combined Ratio and Grew Net Income
Markel Corp. reported $197.9 million in net income to shareholders for the 2015 fourth quarter, up from $117.6 million during the same period in 2014. For the full-year 2015, the Richmond, ...
Zurich’s General Insurance Revamp May Affect 8,000 Positions
Last December, Zurich Insurance Group AG announced expanded plans to cut relocate or change at least 1,800 jobs in a bid to save money and revamp its struggling general insurance unit. Now, the ...
AIG Will Expand Board to Include Billionaire Paulson and Icahn Rep
American International Group, Inc. disclosed on Feb. 11 that its board will expand from 14 seats to 16 seats, a move that accommodates two activist shareholders: billionaires John Paulson and Carl ...