CEO / Chief Executive
Newsmaker: BlackBerry Savior Watsa, an Investor with a Long View
As soon as Prem Watsa stepped down from BlackBerry's board in August, speculation that he would launch a bid for the troubled smartphone maker started to swirl. Six weeks later, the man some call ...
Two Voted Against Designating Prudential As Systemic Risk
Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of regulators charged with preventing another crisis. Edward ...
Berkshire Hathaway Keeps Minting Billionaires, Philanthropists
Stewart Horejsi's business was in a funk. It was 1980, and Brown Welding Supply LLC, his family's third-generation distributor of hydrogen and oxygen tanks, was battling competitors that were intent ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...
PCI Elects Dirks, Duclos to Board of Governors
The Property Casualty Insurers Association of America (PCI) elected Douglas D. Dirks, president and chief executive officer of Employers Holdings, Inc., and David Duclos, CEO of QBE's North American ...
JLT to Acquire Towers Watson’s Reinsurance Brokerage Business
Jardine Lloyd Thompson Group plc (JLT), one of the world's largest suppliers of insurance and employee benefits related advice, brokerage and services, will acquire the reinsurance brokerage business ...
SEC Turns Policy Corner with JPMorgan Guilty Admission
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge ...
D&O Lawsuits by FDIC on Fast Pace: Cornerstone Research
This year's Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone ...