Leadership & Strategy
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
Green Bonds Issuance is Soaring Despite Fuzzy Standards
Issuance of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour retail buyers and wealth ...
Willis Beefs Up China Operations With Expansion in Mind
Willis Group Holdings plc, a global insurance and reinsurance broker, is beefing up its operations in China to drive further expansion there. The primary effort revolves around a series of promotions ...
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...
Travelers CEO Fishman, Facing Neuromuscular Condition, Reduces Outside Duties
Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren't tied to the company after being diagnosed with a neuromuscular condition. "I have already begun to cut back ...
XL Group Expands in Texas
XL Group, a global insurance and reinsurance company, is expanding its operations in Texas. Specifically, the company said it is boosting global risk management, construction specialty and inland ...
AIG, Aspen and More Link to Access Underserved Developing Markets
A number of insurance stalwarts including American International Group and Zurich Insurance Group plan to launch microinsurance ventures designed to improve risk protection for underserved markets in ...
Why Insurance Leaders Should Pay Attention to Omnichannel
There are more than 70 million Americans between the ages of 18 and 34, according to the U.S. Census Bureau. And while we'd love for 400,000 of them to pursue careers in risk management and ...