Leadership & Strategy
A.M. Best Says Deal May Resolve S.A.C. Re Reputational Risks
A.M. Best Co. commented Tuesday that the "A-minus" financial strength rating of and issuer credit rating of "a-" of S.A.C. Re, Ltd. are unchanged and the ratings remain under review with negative ...Fitch Affirms QBE Financial Strength at A+, Downgrades Issuer Default Rating
Fitch Ratings has affirmed the "A-plus" insurer financial strength (IFS) ratings for the subsidiaries of QBE Insurance Group, while downgrading the group's long-term issuer default rating (IDR) to ...
Clubby Culture on U.S. Corporate Boards, Study Says
Almost 40 percent of U.S. corporate directors with responsibility for monitoring the profit-and-loss ledger have social ties to the chief executive, a study says, making them look more like lapdogs ...Cultural Change Emerging at QBE NA, Duclos Says
During a Monday conference call on which QBE executives described details of an expected bottom-line loss of $250 million for 2013, the CEO of the North American operations said cultural changes are ...
Duperreault Partnering with Hedge Fund to Buy Cohen’s S.A.C. Re, Ltd
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal ...
Rate Gains Tapering in Commercial Lines: Towers Watson
Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers ...
Program Segment an Opportunity for Carriers with the Expertise and Focus
With a faster rate of growth than the overall property/casualty insurance market, the commercial program business segment can deliver true benefits for a carrier that dedicates the time and resources ...
Left and Right Are Both Wrong About Regulation: Bloomberg View
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan's ...