Leadership
From Great to the Next Billion: Scottsdale President Miller on Vision and Execution
"Successful Associates. Successful Customers. The Next Billion." That's the "simple vision" described on the website of Scottsdale Insurance, where employees are called "associates" and wholesale ...
Monte Carlo Consensus: Reinsurance Prices Will Keep Falling
Reinsurance prices will fall and worsening terms and conditions will spread to new classes next year as the industry competes for business, said reinsurers and brokers gathering at their annual ...
XL Group Grabs Minority Stake in Ada Investments
An affiliate of XL Group plc, the global insurance and reinsurance company, recently bought up a minority stake in Ada Investments. Neither side is disclosing specifics. Ada Investments is based in ...
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...AIG’s Chairman Says Leadership Change Follows Strategic Victory
The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today. "We're changing generals as we move from ...
China Insurers Market “Naughty Child” Coverage and Other Innovations
Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of ...
Dire Cancer Prognosis Sped Up Benmoshe’s AIG Departure
Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.'s chief executive officer, said he learned in May that he had nine months to a year to live. ...
Will Investors Give QBE’s CEO Enough Time to Finish His Revamp?
QBE Insurance Group Ltd.'s John Neal is shoring up the insurer's balance sheet by selling shares and assets. He still has work to do convincing bond investors that business is improving after three ...