Leadership
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
Questions P/C Carrier Boards Should Consider
There are some risks against which even the most vigilant board is powerless. On the other hand, there are significant known unknowns that property/casualty boards should anticipate in 2015. Many of ...
As Reinsurance M&A Accelerates, Who Are The Next Targets?
Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy. Axis Capital Holdings Ltd.'s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of ...
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
Willis Will Grab Majority Stake in Miller, Enabling Growth in Wholesale Market
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent ...
Obama Pushes For Cybersecurity Legislation; Contractors to Gain Initially
Symantec Corp. and other cybersecurity companies stand to gain from President Barack Obama's push to increase computer network protection in the private sector and U.S. agencies. Obama called on ...
State Auto Discloses Strengthened Prior Year Loss Expense Reserves
State Auto Financial Corp., a super regional property/casualty insurance holding company, has disclosed two big financial developments: strengthened prior year loss expense reserves and an adverse ...