CEO / Chief Executive
Why Greed Isn’t Good
Imagine yourself betting on the long- term survival of two types of people. One is the classic egoist, focused and ruthless. The other is more selfless, willing to help fellow humans without any ...
Berkshire Beats Bond Rout, Other Insurers By Avoiding Bonds
Warren Buffett's preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. weather a spike in interest rates better than other insurers. Book value rose 2 ...
AIG to Move Headquarters to Water Street; Eyes Shifting Jobs to Texas, Malaysia
American International Group Inc., the insurer that reinstated a dividend yesterday, will move its headquarters to a building it owns at 175 Water St. in lower Manhattan as the lease expires at a ...U.S. Lawmakers Want Perjury Probe For Corzine
A group of Republican lawmakers called on Friday for a criminal investigation of Jon Corzine, the head of failed futures broker MF Global, saying he may have committed perjury when speaking before ...
Insurer Challenges In ‘Adapting’ To The Climate Change Resilience Gap
The frequency and severity of natural catastrophe impacts to built assets are increasing. Governments and their taxpayers are taking increasing shares of disaster relief from such events, creating an ...
Axa, Allianz Report Improved P/C Results; Axa CEO de Castries to Stay On
Axa SA, Europe's second-largest insurer, said first-half operating profit gained 14 percent, beating estimates on higher property/casualty earnings. Axa jumped as much as 3.9 percent to a three-year ...
Judge Dismisses Lawsuit by 11 States and Texas Bank Against Dodd-Frank
A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law's financial regulation overhaul was dismissed by a federal judge. U.S. District Judge Ellen Segal Huvelle in Washington Thursday ...
P/C Insurers Face Challenges If Terrorism Risk Insurance Is Not Renewed: Fitch
If Congress fails to renew or makes significant changes to the federal government's terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios ...