Investment Officers
In Today’s Market, Specialty Insurers Rule: Conning
Specialty property/casualty insurers are now a dominant force in the market and generate more than half of the industry's premiums, Conning Inc. asserts in a new report. Two-thirds of individual ...
Bill Gross: Allianz’s PIMCO Playing Dirty in Trying to Kill Departure Suit
Bill Gross said Pacific Investment Management Co. isn't playing by the rules in its effort to kill the lawsuit he filed last year over his departure. Gross told a California state judge Tuesday that ...
For State Farm, 2015 Underwriting Losses Balanced Out by Investment Gains
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to ...
As Price Plunges Continue, Reinsurer Loss Buffers Are Drying Up: Allianz Re
Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE's reinsurance unit. "I don't think there are too ...
Global Reinsurers’ Strong Capital Position Counteracts Competitive Pressures in 2016: S&P
Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be able to maintain a stable outlook during 2016 from Standard & Poor's ...
AIG Attracted Investment from Hedge Fund Jana Partners in Q4
Jana Partners LLC, the hedge fund founded by Barry Rosenstein, added stakes in pharmaceutical companies and American International Group Inc. while exiting its position in Hertz Global Holdings Inc. ...
U.S. P/C Industry Maintains Stable Outlook for 2016 Despite Tough Market: S&P
Despite ongoing soft market conditions, declining statutory surplus and "unsustainable levels" of reserve releases, the U.S. property/casualty industry will maintain a stable outlook for 2016, ...
Navigators Navigated a Tough Market in 2015
The Navigators Group Inc., like many property/casualty insurers, said that challenging market conditions in areas such as offshore energy shaped its 2015 fourth quarter and year. But the ...