CEO / Chief Executive
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...Hartford Unloads Japan Operations for $895M
Hartford Financial Services Group Inc. agreed to sell its Japanese operation to Orix Corp. as Chief Executive Officer Liam McGee narrows the U.S. insurer's focus. Orix will pay about $895 million for ...
Some ILS Money Irrational; Trad’l Re Mkts Adding Terror to Cat Cover: CEO
The once responsible insurance-linked securities market is showing signs of being overheated and irrational, the chief executive of the holding company for a Bermuda-based reinsurer said on Friday. ...
Q1 Return for ‘Independent’ Aspen Nears 15%; Full-Year Target 10%
Aspen Insurance Holdings reported an annualized operating return-on-equity of 14.8 percent for the first quarter on Thursday, also giving double-digit forecasts for future years—targets which its ...
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 ...