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The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...
CEOs Get Merger Bonus When Selling Firms Cheaply
In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus. Also, target shareholders receive inferior premiums when their firms are sold, while their CEOs received a ...
Pricing Insurance M&A Deals: Disputes Minimized With Deep Dive Due Diligence
Post-acquisition disputes are triggered by a myriad of issues between the buyer and seller, with most revolving around purchase price adjustments. The genesis of purchase price adjustment disputes, ...
Esurance, Walmart Team Up for Auto Insurance Discount Program
Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance ...
P/C Carrier 2012 M&A Deals Nosedive: Conning
Amounting to just $4.7 billion in aggregate deal value, 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to ...
Esurance, Walmart Team Up for Auto Insurance Discount Program
Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the pilot program, drivers may obtain a savings card from Esurance ...
XL’s McGavick’s Innovation Tip: Move Best People Off Profitable Business
If you want to spark innovation in your company, move your best people out of your most profitable businesses, XL's chief executive officer advises. Mike McGavick, the CEO of Dublin-based XL Group ...
Insurers to NFL: Defense Denied. At What Cost?
Defense Denied. That was the collective response last year from the casualty insurance industry to the National Football League and NFL Properties (the marketing arm of the league)—defendants in a ...