Leadership & Strategy
AXA Chief Outlines Climate Strategy
AXA Chairman and CEO Henri de Castries spoke at Climate Finance Day on May 22 in Paris. The following are his remarks in which he discusses what climate change means for the insurance industry as ...
Insurer AXA Joins Coal Divestment Movement Over Climate Change Risk
France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. AXA ...
PartnerRe to EXOR: Original M&A Deal With AXIS is Moving Ahead
PartnerRe has decided to seek shareholder approval of its original merger agreement with AXIS Capital, following EXOR's de facto rejection of an offer to meet and discuss its own, unsolicited bid. ...
EXOR Sets One Condition Before Discussing Its $6.8B Bid With PartnerRe
Italian investment firm EXOR said it is willing to discuss its $6.8 billion bid for PartnerRe with the Bermuda-based reinsurer's board of directors, but there is a catch. EXOR said it will negotiate ...
Zurich to Cut Costs by $1B to Reverse Profit Slide
Zurich Insurance Group AG, Switzerland's biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. CEO Martin Senn said he will make additional annual savings of ...
Get Social, Look Forward to Innovate: Chubb Chief Innovation Officer Bidwell
Like any property/casualty insurer, Chubb Insurance faces the challenge to refresh its business with new ideas. But unlike a lot of its peers, the Warren, N.J.-based carrier has a chief innovation ...
PartnerRe Seeks Direct Meeting With EXOR About Possible Acquisition Deal
Bermuda-based reinsurer PartnerRe, after weeks of resistance, has decided to meet with EXOR to determine whether the Italian investment firm will sweeten its $6.8 billion bid for the company. Even ...
AIG Snatches Up ING Benefits Network to Boost Multinational Business
American International Group Inc. has acquired ING Employee Benefits Global Network to expand business with multinational clients. AIG purchased a controlling stake in the network, which includes ...