Leadership & Strategy
Bain: Few P/C Outfits Excel at Both Attracting and Keeping New Clients
When it comes to building new business, the property/casualty insurance industry has split in two. Some companies in the marketplace are great at acquiring customers; others are brilliant at ...
Allstate Makes Two Changes on its Board
Allstate Corp. has made two noteworthy changes to its board of directors. The company, which is the largest publicly-held U.S. home and auto insurer, named 71-year-old F. Duane Ackerman as its lead ...
Reserve Charge, Cats to Dent State Auto Financial Earnings; EMC Down on Cats
Midwest insurers State Auto Financial and EMC Insurance Group preannounced anticipated declines in second-quarter earnings last night, with catastrophe losses hitting both companies, and a ...
S&P Said to Be Buying Out 100 U.S. Ratings Employees
Standard & Poor's is seeking voluntary buyouts from as many as 100 U.S. employees in what would be the biggest staff cuts since the financial crisis for the credit grader, according to a person ...
Starr Companies Completes Ownership of Chinese Insurer
Last week, Starr Companies announced the completion of its majority ownership of Shanghai-based Dazhong Insurance Company Limited of China. Going forward, the company will be known as Starr Property ...
Spending on Ads Still Beats Spending on Auto Insurance Agents: Nomura
Two analysts at Nomura Equity Research published statistics on advertising spend and premium growth Friday, reinforcing a conclusion they advanced late last year—that dollars spent on advertising ...
Lloyd’s Underwriters Find Success with U.S. Specialty Subsidiaries: SNL
Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant ...
Soft Reinsurance Market Dampens Platinum’s Q2
For Bermuda-based Platinum Underwriters Holdings, Ltd., the 2014 second quarter offered plenty of downbeat statistics that showcase the struggles reinsurers face in an ever-softening market. Compared ...