CEO / Chief Executive
A.M. Best Acts on BTG Pactual Resseguradora S.A. Ratings
A.M. Best has downgraded the issuer credit rating to "bbb" from "bbb+" and affirmed the financial strength rating of B++ (Good) of BTG Pactual Resseguradora S.A. (BTG Pactual Re) (Brazil). Both ...
Zurich Insurance Hikes Job Eliminations and Relocations to at Least 1,800 Slots
Zurich Insurance Group AG, Switzerland's biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company ...
Corporate Holiday Giving: Real Commitment or Window Dressing?
When chief executives of property/casualty insurance carriers wholeheartedly commit to corporate giving programs, the benefits can extend beyond helping worthy nonprofit organizations, a public ...
XL Strikes Deal With RGA Ceding Most Remaining Life Re Biz
XL Group plc and Reinsurance Group of America, Incorporated separately announced a reinsurance deal in which XL's subsidiary, XL Life Ltd. will ceded a block of U.S. term life reinsurance treaties to ...
Icahn Unlikely to Oust Hancock From AIG: Analyst
Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter ...
Alleghany’s TransRe Commuting A&E Cover; Paying AIG, Berkshire $400M
Weston Hicks's Alleghany Corp. will pay $400 million to wind down reinsurance deals with American International Group Inc. and Warren Buffett's Berkshire Hathaway Inc. for policies that date back ...
Zurich’s CEO Senn Steps Down; de Swaan is Interim Leader
Martin Senn, the chief executive officer of Zurich Insurance Group, is stepping down after six years in the position. According to a company statement, Senn and Zurich's board of directors have ...
Cyber Attacks Becoming Significant Threat to Insurer Credit Quality: A.M. Best
Insurance rating agency A.M. Best still considers natural catastrophe losses to be the primary threat to the financial strength and credit quality of property/casualty insurers, but cyber-attack ...