Leadership & Strategy
German Companies Told No Exceptions to Board Gender Quotas
German listed companies will be granted no exceptions to a 30 percent women's quota for supervisory boards by 2016, said Manuela Schwesig, the minister responsible for drafting the legislation. ...
KKR Investing $2.4M in Sedgwick Claims Management Services
Sedgwick Claims Management Services Inc., a leading provider of technology-enabled claims and productivity management solutions, announced Monday that global investment firm KKR, together with ...
Eight P/C Insurer Insolvencies in 2013 are Below Average: A.M. Best
There were a total of eight property/casualty insurers and one life/health insurance company that became financially impaired in 2013, according to A.M. Best. Of the nine impaired companies, eight ...
Top 5 Reserve Boosts in 2013; Fitch Reveals Carriers with Unfavorable Development
Although the property/casualty insurance industry overall will report favorable loss reserve development from prior underwriting periods for the eighth consecutive year in 2013, several individual ...
Five Insurers Lead P/C Industry to 8th Year of Reserve Takedowns: Fitch
Headline reserve charges for Tower Group, Meadowbrook Insurance Group and QBE Americas in 2013 didn't interrupt an eight-year trend of overall prior-year reserve takedowns for the property/casualty ...
Insurer Steps Up With Loan for U.K. Beermaker as Banks Retreat
When Anthony Woodhouse needed to refinance a bank loan and invest in his family's 236-year old brewery and pub chain his advisers sent him to an insurer. M&G Investments, a unit of Prudential ...QBE Names Ex-Aviva CFO Regan to Group CFO Role, Succeeding Drabsch
QBE Insurance Group Ltd. announced that Patrick Regan will be joining QBE in June 2014 in the role of group chief financial officer, succeeding Neil Drabsch. Regan was most recently the CFO at Aviva ...
Reinsurer Downgrades Ahead, S&P Says; A.M. Best Says Sector Stable
Almost half of the global reinsurers rated by Standard & Poor's are "materially exposed" to competitive pressures, the rating agency said Monday, warning of negative rating actions to come for ...