Leadership & Strategy
Ex-Fireman’s Fund CEO LaRocco Named State Auto’s New Leader
An ex-Fireman's Fund CEO will become the new leader of State Auto Financial Corp., replacing the company's long-time leader as he readies for retirement. Michael LaRocco assumes the president and CEO ...
AIG Raises $500M Through Sale of Shares in China P/C Giant
American International Group Inc. said it sold part of its holding in PICC Property & Casualty Co., China's biggest non-life insurer, for about $500 million. AIG, the largest commercial insurer ...
A.M. Best: Smaller Insurers Carry Advantage in Emerging Markets
In developing parts of the word, insurance carrier-size matters, but not in the way you might think. While large companies are making gains, smaller carriers are particularly thriving under the ...
Lloyd’s 2014 Profit Steady at $4.9B; Combined Ratio Below 90
On Thursday, Lloyd's announced a pretax profit of $4.9 billion, or £3.2 billion, with a return on capital of 14.7 percent and a combined ratio of 88.1. The profit figure was level with the 2013 ...
Executing Business Strategy by Letting Others Take Center Stage
Insurance leaders are well aware that their firms need well-defined strategies to succeed in an increasingly competitive marketplace. That message is trumpeted in countless books and articles ...
Blue Ocean Strategy
One of the many books published on strategy development is "Blue Ocean Strategy," in which authors W. Chan Kim and Renée Mauborgne, professors of strategy at INSEAD and co-directors of the INSEAD ...
Large Underwriters Not Yet Drawn to Google’s Auto Insurance Distribution Plan: Nomura
Google plans to tackle auto insurance distribution in the U.S. are making waves, but they haven't yet attracted interest from large underwriters, Nomura noted in a new industry report. "GEICO, ...
IAT Reinsurance Rebrands and Repositions
As part of a strategic realignment effort, IAT Reinsurance Co. and its affiliates will be rebranded as IAT Insurance Group. IAT said the realignment will leverage leadership talent, analytics, ...