Leadership & Strategy
S&P Ups Philadelphia Insurance Rating to ‘AA-‘
Philadelphia Insurance Companies announced Tuesday that Standard & Poor's upgraded the company's financial strength to "AA-" from "A+" last week. S&P's action, lifting the ratings of the ...
Study: Women CEOs Remain Few in Finance, Other Industries
The number of women becoming CEOs of the world's largest public companies has gained slightly over the previous decade. But their percentage remains stubbornly low in sectors such as finance and ...
Beyond Market Conduct Exams: How to Establish a Compliance Culture at a P/C Carrier
Resources invested in compliance are somewhat like premiums paid for insurance policies—paying upfront today prevents you from having to pay more later. Although midsize carriers may need to expend ...
Hartford CEO McGee Crows About Insurer’s ‘Transformation’
A day after Hartford Financial Services Group announced vastly improved financials and plans to unload its Japan operations, Chairman, President and CEO Liam McGee was positively bullish during the ...
The New Insurance Marketing Playground
When Marissa Buckley asked her focus group their general thoughts regarding shopping for homeowners insurance, the responses were brutally honest. "I'd rather stick a needle in my eye" and "I'd ...
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...Hartford Unloads Japan Operations for $895M
Hartford Financial Services Group Inc. agreed to sell its Japanese operation to Orix Corp. as Chief Executive Officer Liam McGee narrows the U.S. insurer's focus. Orix will pay about $895 million for ...
Surge of Storms and Fires Stunts Chubb’s Q1 Net Income
The Chubb Corporation endured a big hit to its 2014 first-quarter income, thanks to harsher-than-expected winter weather in the United States, plus a surge in homeowner fire and flood-related losses. ...