CEO / Chief Executive
Liberty Mutual Improved Underwriting Helps Triple Net Income in Q2
Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income posted during the same quarter last year. The company ...
Designation of Obesity as Disease Could Affect Workers’ Comp
The recognition of obesity as a disease may have a significant impact on workers' compensation claims, according to a from the California Workers' Compensation Institute The group issued the report ...
Hiscox USA CEO Sees Revenue Growth From Building Brand And Workforce
When Ben Walter took the helm of Hiscox USA last year, he didn't have decades of underwriting experience on his résumé, nor did he have the intention of recruiting teams of specialty underwriters ...
Swiss Re Reports Better-Than-Expected Profit Despite Flood Losses
Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable ...
Catastrophe Bonds Cutting Reinsurance Prices, Says Swiss Re CFO Quinn
Swiss Re Ltd. Chief Financial Officer George Quinn said increasing sales of catastrophe bonds will put pressure on reinsurance contract prices as they compete for disaster coverage. "While the market ...Catlin Hurt By Sandy, Costa Concordia Losses, Bond Slump
Catlin Group Ltd., the second-largest Lloyd's of London insurer by market value, fell in London trading after it reported lower-than-expected first-half earnings, hurt by rising bond yields and ...
Commentary: Does FSOC Understand the Business of Insurance?
The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that "material financial distress at AIG could pose a threat ...