CEO / Chief Executive
Markel Pegs Best Estimate for COVID Losses at $325M
Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential ...
*Editor’s Choice 2020* Psychic Leadership: Why We Need It During This Crisis
Week #1 = Shock (mandatory work from home, seriously?) Week #2 = Novelty (Zoom meetings, crazy hat day, check out my workspace!) Week #3 = Realization (wait, we need to actually run our business this ...
House Judiciary Committee Chair Eyes Ban on Mergers to Protect Small Firms During Pandemic
The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related ...
Plaintiffs’ Lawyers Should Not Read Coverage Into COVID IBNR: Berkley
Like other commercial insurers reporting first-quarter earnings, W.R. Berkley Corporation included a provision for COVID-19 related losses. But that doesn't mean the specialty insurer or the industry ...
The Hanover CEO Roche on Working From Home: Adjust and Adapt
When the pandemic-related lockdowns came into force, John Roche shifted gears like legions of other workers globally and started working from home. Roche, president and CEO of Massachusetts-based The ...
Auto Insurance Customers Shop for Better Deals Even With Pandemic Rate Givebacks
The legions of temporary auto insurance discounts and premium givebacks issued recently to help customers deal with pandemic financial fallout fell short in ensuring customer loyalty, J.D. Power ...
For Travelers, Q1 Catastrophe Losses Make Greater Impact Than Coronavirus Costs
The Travelers Companies felt relatively small effects from the coronavirus pandemic in the 2020 first quarter, with catastrophe losses from tornadoes and other storms taking more of a bite. ...
AXA XL Builds New Leadership Team, Updates Operating Model
AXA XL formed a new leadership team and has outlined proposed changes to the operating model of its Insurance business following a strategic review. "AXA XL is the result of acquisitions and mergers ...