CEO / Chief Executive
Zurich Gives $3M Grant to Nonprofit Helping with Disaster Recovery
On Wednesday, Zurich Insurance Group announced that its Z Zurich Foundation is giving a $3 million grant to St. Bernard Project (SBP), a nonprofit organization dedicated to helping disaster-impacted ...
Citigroup Needs to Simplify Itself, Say Bank Leaders
The two men at the top of Citigroup Inc, the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself. Asked at an annual meeting ...
Next Generation Cat Modeling: Multimodel, Open Source or Open Platform—What’s the Difference?
For the past two decades, insurers and reinsurers have licensed catastrophe models from AIR, RMS and EQECAT, and each vendor model came with its own front and back end to handle the model input and ...
Travelers CEO Fishman Bullish On Results, Promises ‘Selective’ M&A
The Travelers Cos. may have made a bold move in 2013 when it snatched up Dominion of Canada General Insurance. But the property/casualty insurance giant will be extremely selective about future ...
Keys to Setting Your Company’s Strategy in Motion
There's no shortage of discussion in the business world about the importance and development of strategy, but there's shockingly little advice available about actual implementation. Why is it, when ...
Endurance Chips Away at Resistance to Its $3.2B Aspen Offer
Endurance's $3.2 billion hostile bid for Aspen Insurance Holdings took another nasty turn on April 21. Endurance's chief financial officer asserted in a blunt statement that the continued resistance ...
Aspen Restates, Expands on ‘Serious Concerns’ With Endurance ‘Proposal’
Three days after adopting a poison pill to fend off a hostile bid from Endurance, Aspen sent a letter to its shareholders Sunday restating concerns it first aired hours after the bid was made public ...
Reinsurance Market Softness Extends ‘As Far As the Eye Can See,’ CEO Says
The question that crops up whenever reinsurers experience soft market conditions is again being posed to industry executives, with leaders giving varying answers to analysts asking, "What kind of ...