Leadership & Strategy
Travelers Names Schnitzer Unit CEO as Cunningham Departs
Travelers Cos. promoted Alan Schnitzer to chief executive officer of the newly created business and international insurance segment. Travelers CEO Jay Fishman is consolidating duties among managers ...
Fitch Ups Lloyd’s Rating to ‘AA-‘
Fitch Ratings upgraded Lloyd's of London's insurer financial strength rating to "AA-" from the "A+," the rating agency announced Tuesday, with an expectation of better "cross-cycle underwriting ...
Norway Oil Lobby Warned Deeper Regulation and Policy Debate is Coming
Producers in western Europe's biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway's Green Party. After entering ...
Will New CEO Christopher Swift Continue The Hartford’s Current Path?
Who is Christopher Swift? Will he be the CEO that Hartford Financial Services Group needs as it continues its revamp, focusing more heavily on its P/C group and mutual funds divisions in the months ...
Endurance Unveils Exchange Offer for Aspen’s Outstanding Shares
Endurance Specialty Holdings Ltd. - bound and determined to acquire Aspen Insurance Holdings Ltd. – launched an exchange offer for all outstanding shares of its Bermuda reinsurance rival, dogged ...
Market Pressures Require Reinsurer Response
The reinsurance industry is facing considerable headwinds in the current competitive market environment, with conditions unlikely to improve in the near term. Reinsurers, for their part, have not ...
Hartford CEO McGee Steps Down for Medical Reasons
Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who repaid the insurer's bailout and is stepping down after a medical procedure. ...AIG Mulling Big Expansion of Massive Share Repurchase
American International Group Inc., the largest commercial insurer in the U.S. and Canada, said it may repurchase as much as an additional $2 billion of common stock after selling its aircraft-leasing ...