CEO / Chief Executive
How to Develop a Robust Risk Appetite Statement
In a recent Own Risk and Solvency Assessment webinar conducted by FTI Consulting, more than 50 percent of attendees stated they had not adequately defined risk appetite as part of their ORSA ...
Travelers Expands Share Repurchase as Q1 Net income Drops
The Travelers Companies reported a big drop in net income during the 2015 first quarter, and its combined ratio nudged slightly higher. Executives attributed the results, in part, to a drop in net ...
As P/C Companies Turn to Predictive Analytics, Some Underwriters are Wary
If you're wondering how important predictive analytics is becoming to property/casualty insurance companies, consider this: 56 percent of industry respondents in a new survey said they plan to start ...
The Founder and CEO of Specialty Insurer ANV Abruptly Departs
The founder and CEO of ANV Holdings BV has left the company, according to an April 20 announcement from the Dutch-headquartered global specialty insurance group. R. Matthew Fairfield issued a ...
Ex-AIG Head Loses Bid to Dismiss Fraud Lawsuit
A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the ...
U.S. CEOs Enjoyed a 12 Percent Pay Raise in 2014: Towers Watson
Chief executive officers of U.S. companies got a 12.1 percent pay raise in 2014, mainly driven by increases in the value of pension benefits, an analysis showed on Thursday. Towers Watson & Co, a ...
How the P/C Insurance Industry Can Increase Ethical Behavior
Although 90 percent of property/casualty insurance industry representatives say their industry is largely an ethical one, they believe that the public doesn't see the same picture. And ethics in the ...
U.K. Insurance CEO Agrees to Incentive Pay Cut After ISS Complaint
Aviva Plc's Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over ...