Leadership & Strategy
Fitch Changes Tower Group’s Rating Watch Status from Negative to Evolving
On Monday, Fitch Ratings revised the Rating Watch status of Tower Group International, Ltd. to Rating Watch Evolving from Rating Watch Negative following Tower's announcement of a planned merger with ...
Social Media is Blessing, Curse for Uber; CEO Defends Surge Pricing
Uber Chief Executive Travis Kalanick knows the value of a good controversy. After his upstart company, which lets people summon rides at the touch of a smartphone button, provoked a flurry of social ...
AmTrust Acquiring Tower Commercial Renewals; Tower Merging with ACP Re
In two separate announcements this morning, AmTrust Financial Services said it would acquire renewals rights for Tower Group International's commercial lines business for $125 million, and Tower said ...
From Lawyer to Carrier CEO: Charting a Career Course
"You have to find opportunity within every challenge you face." That's how Brian Cohen, the CEO of Pacific Specialty Insurance, sums up the leadership lesson he learned during a prior position at ...
AmTrust Completes Deal for Surety Writer Insco Dico
AmTrust Financial Services, Inc. announced Friday that it received final regulatory approval for a California-based surety writer, The Insco Dico Group, and completed the $88.7 million acquisition. ...
Fitch Drops Tower Group Rating Another Notch to ‘B’ as RBC Ratios Fall
Fitch Ratings announced Thursday that it downgraded the insurer financial strength ratings of the operating subsidiaries of Tower Group International, Ltd.'s to "B" from "BB." In October 2013, ...
Buffett’s Berkshire Likely Missing Target for First Time in Four Decades
Warren Buffett probably missed his target for the first time in 44 years. Berkshire Hathaway Inc., his $292 billion company, is poised to report that it failed to increase net worth more rapidly than ...
AmTrust Announces First Stock Repurchase Plan Since 2007
AmTrust Financial Services Inc. gained in New York trading Thursday after the insurer's board approved the repurchase of as much as $150 million in shares following a stock slump last month. The ...