Leadership & Strategy
Willis to Relocate 3,500 Workers as Profit Misses Estimates
Willis Group Holdings Plc plans to eliminate jobs and relocate 3,500 employees, or about 16 percent of its workforce, after reporting first-quarter earnings that missed analysts' estimates. The moves ...
Are Bermuda Reinsurers Doomed to Be Middlemen?
In a report on the Bermuda reinsurance market released Tuesday, Standard & Poor's Rating Services raised the prospect the Bermuda reinsurers could ultimately become middlemen between companies ...
Hamilton Looking for U.S., London Insurance Platforms, Duperreault Says
Days after Validus CEO Ed Noonan told analysts about a goal to expand his group's direct insurance footprint in the United States, Hamilton Insurance Group CEO Brian Duperreault said his company ...
Chubb Survey: Execs Worry About Overseas Expansion Risks
As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a ...
WSI is Rolling Out a Longer-Range Hurricane Forecast Model
A division of the company that brings viewers The Weather Channel will formally launch a new 15-day hurricane forecast model in May, a considerable advance over the predictive norm, which only ...
ACE Advances Thailand Acquisition After a Robust Q1
Earlier this week, ACE Ltd., working with a local partner, finished its acquisition of a 60.9 percent stake in a general insurance company in Thailand. Chairman and CEO Evan Greenberg said Wednesday ...
Munich Re CEO Blames Capital Mkt Interest Rates For Profit Hit
Munich Re' s net profit fell in the first quarter, its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world's largest ...
Validus Looking to Grow in U.S. Insurance Market, CEO Says
The chief executive officer of Validus Holdings said that there are growth opportunities for the group's insurance operations in the United States, at a time when growth for the Bermuda reinsurance ...