Underwriting
Lloyds, China’s Taiping Insurance to Team on Global Growth Plans
Lloyd's signed a memorandum of understanding with China Taiping Insurance Group intended to boost cooperation between "the world's only specialist insurance and reinsurance market and one of China's ...
ACE CEO Greenberg Predicts Years-Long Integration With Chubb
Ace Ltd. Chief Executive Officer Evan Greenberg said it would be a mistake to start celebrating his agreement to buy Chubb Corp. for more than $28 billion, because the real test will be to integrate ...
U.S. Property/Casualty Net Income Grew Steadily in 2015 First Half
Thanks to a relatively quiet tornado season and slow start to the U.S. hurricane season, there's good news to report concerning property/casualty insurers' net income during the first half of 2015. ...
$28B ACE/Chubb Merger Up for Oct. 22 Shareholder Vote
ACE CEO Evan Greenberg said progress on the planned $28 billion merger between his company and Chubb continues apace, with shareholders from both sides set to cast their vote on Oct. 22. "We are on ...
Republican Auto Safety Proposals Draw Warning from U.S. Regulators
Republican proposals to improve U.S. auto safety came under fire on Tuesday from federal regulators, who warned that proposed changes to current rules would erode consumer safety and give automakers ...
Incoming Travelers CEO Schnitzer Promises ‘Thoughtful and Deliberate’ Leadership Steps
Incoming Travelers CEO Alan Schnitzer is assuring investors that he will be "thoughtful and very deliberate" about next steps for the property/casualty insurance giant when he takes over on Dec. 1. ...
U.S. Security Firm Accuses China of Hacking Even After Cyber Pact
Hackers associated with the Chinese government have tried to penetrate at least seven U.S. companies in the three weeks since Washington and Beijing agreed not to spy on each other for commercial ...
Travelers Nudges Q3 Net Income Higher, Combined Ratio Lower
The Travelers Cos. nudged net income slightly higher, the combined ratio dipped a healthy amount and net written premiums reached record levels during the 2015 third quarter. Investors were pleased, ...