Leadership & Strategy
A.M. Best Slashes Tower’s Financial Strength Ratings
Bad news for Tower Group International and its subsidiaries: A.M. Best has downgraded the insurer's financial strength ratings, as the carrier works through the steps of a planned merger with ACP Re. ...
Endurance to Continue Push for Aspen Deal; First Strategic Combo Since ACE-CIGNA, CEO Says
Executives at Endurance Specialty Holdings said they will continue to try to engage Aspen Insurance Holdings in negotiations related to Endurance's bid to acquire Aspen—a dialogue that Endurance ...
Swiss Re Turns to Former Regulator As Its Latest CRO
Swiss Re is bringing in former financial market-regulator and former executive at the company as its new chief risk officer. The reinsurance giant disclosed on May 7 that Patrick Raaflaub will take ...
Allstate Execs Insist Esurance Is Making Progress
Three years ago, Allstate snatched up direct-to-consumer insurer Esurance, and made it a wholly owned subsidiary, in a bid to reach younger customers through its vast online self-directed consumer ...
Swiss Re’s Q1 P/C Premiums Soared, But So Did Its Combined Ratio
Swiss Re Group saw its net income plunge in the 2014 first quarter, but the reinsurance giant said it still performed well compared with the "exceptional" results it produced over the same period ...
Louisiana Citizens Starts Home Depot Claims Program
Louisiana Citizens Property Insurance Corp. will connect its policyholders with experienced, licensed and insured local contractors in a program with Home Depot. The state's property insurer of last ...
Morgan Stanley CEO: Jail Not Appropriate for Bad Judgment
Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis. "Bad judgment, incompetence, negligence, greed: ...
Allstate’s Quarterly Profit Grows With Higher Insurance Premiums
Allstate Corp, the largest listed U.S. home and auto insurer, reported a better-than-expected quarterly profit as it earned higher insurance premiums across its businesses. Premiums earned at the ...