CEO / Chief Executive
Travelers CEO Fishman, and Schnitzer, His Successor, Reassure Investors
Departing Travelers CEO Jay Fishman and his designated successor, Alan Schnitzer insist that that the change won't be wrenching, and that the property/casualty insurance giant will experience a ...
Warren Buffett’s 50th Year Running Berkshire Hathaway Marred By Stock Slump
Berkshire Hathaway Inc. shares traded near record highs at the beginning of Warren Buffett's 50th year running the company. More recently, the stock has begun to sag. Shares have slumped 5.2 percent ...
Global Insurance Forum Rewind: Underwriters Lead Industry Renaissance, McGavick Says
There is a renaissance happening in the property/casualty insurance industry, and underwriters are at the forefront of the shift back to relevance, according to the leader of XL Catlin. Michael ...
Travelers’ Fishman, Suffering From ALS, Will Step Down as CEO Dec. 1
Jay Fishman is stepping down as CEO of The Travelers Companies on Dec. 1, due to a neurodegenerative condition that appears to be a form of ALS. Alan Schnitzer is set to replace him as chief ...
AIG Focuses on Japan Integration Plan, Putting More M&A On Hold For Now
American International Group Inc. plans to sit out the unprecedented wave of insurance industry dealmaking and instead focus on integrating businesses in Japan. The timetable for merging AIU with ...
TigerRisk Pursues Asia Expansion With Launch of Hong Kong Office
TigerRisk Partners has established a beachhead in Asia, starting with a new Hong Kong office launched via a subsidiary. The Connecticut-based insurance broking and risk/capital management firm said ...
EXOR to Buy PartnerRe for $6.9B; AXIS Gets $315M Breakup Fee
PartnerRe, after fighting for months against an unsolicited bid from the Italian investment firm EXOR, has finally relented, agreeing to its overtures to buy the Bermuda-based reinsurer for $6.9 ...
Google, Berkshire, 8 Others Commit to Renewable Energy Investments
Some of the biggest U.S. corporate names offered their support—and billions of dollars in green financing pledges—to buttress the Obama administration's quest for a global agreement on combating ...