CEO / Chief Executive
Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani
Allianz SE, Europe's largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country. "It is a monster market," Gary Bhojwani, the ...
Progressive CEO Sees Telematics Edge for Driverless-Car Insurance
Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take the road. The auto insurer offers a device called Snapshot, ...
European Politicians Reach Deal on Solvency II Insurance Rules
European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators. The European ...
Thus Far, 2013 Is Seventh Hottest Year, More Warming Expected: WMO
This year is the seventh warmest since records began in 1850 with a trend to weather extremes and the impact of storms such as Typhoon Haiyan in the Philippines aggravated by rising sea levels, the ...
Probe of RSA Irish Accounting Raises Doubt About CEO’s Controls at Insurer
In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and praised his "outstanding record." Two months later, he ...
Judge Rakoff Hits Failure of U.S. to Prosecute Wall Street Executives for Fraud
The federal judge who oversaw the recent civil fraud trial against Bank of America Corp. criticized the U.S. Department of Justice on Tuesday for failing to prosecute high-level executives over the ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
U.K. Fraud Office May Work with Spy Agencies to Fight Corporate Crime
The U.K. Serious Fraud Office will work more closely with spy agencies in an effort to crack down on corporate wrongdoing. "We are enhancing our intelligence capabilities in the fight against ...