CEO / Chief Executive
Heard at PCI: Re Brokers See Changes Beyond Rate Drops at Jan. 1
Insurance carriers are not sitting around looking forward to lower-priced reinsurance contracts on their Jan. 1, 2014 renewals. For some, the renewal negotiations are done. Others are locking in ...
MetLife May Challenge If Designated Systemically Important
MetLife Inc., the largest U.S. life insurer, said it will weigh challenging any designation as a systemically important financial institution after smaller rival Prudential Financial Inc. abandoned ...
Zurich Insurance ‘Confident’ About Reaching Improved Profitability Target
Zurich Insurance Group AG, Switzerland's biggest insurer, said it is still "confident" its non-life unit can improve a profitability target with cost cutting after it announced in August it may miss ...
S&P Ups XL Rating to A+; 3Q Earnings Fall on Large Losses
Standard & Poor's boosted the financial ratings of the operating subsidiaries of XL Group to A+ on Tuesday, providing external affirmation of positive progress made over the last five years. ...
Obama Administration Pushes Congress to Renew Trade Promotion Authority
The Obama administration's top trade official said on Tuesday that the United States is aiming to finalize a giant trade deal with 11 other Pacific Rim nations by the end of year, but that it needs ...
Reinsurers Target Regional Carriers as Alternative Capital Lures National Accounts
Regional and super-regional carriers may start getting more attention from reinsurers in advance of Jan. 1, 2014 renewals, a broker representative predicted recently. During the PCI Annual Meeting in ...
Insurer Founder, Delaware Regulator Fight Over Company Seizure
Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. ...
FIRREA: Government’s Key Weapon in Financial Fraud Cases
The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis. To convince a ...