Leadership & Strategy
Why American Financial is Buying Summit; Execs Reveal Deal Benefits
The ability to use cash for investments is one of the reasons executives of American Financial Group gave for paying $250 million for some former Liberty Mutual workers compensation units last week. ...
A.M. Best Moves Tower Rating Status to Developing, Still Under Review
On Friday, A.M. Best Co. announced that it changed the "under review" status Tower Group ratings to "under review with developing" implications rather than "negative" implications—a reaction to ...
Sandy Weill to Chair Ex-Steven Cohen Reinsurer
Sanford "Sandy" Weill, the former head of Citigroup Inc., was named chairman of the board at Hamilton Insurance Group Ltd., which runs the reinsurer that hedge fund manager Steven A. Cohen exited. ...
The Hartford Elects Richardson to Board of Directors
The Hartford on Thursday announced the election of Julie Richardson to its board of directors. Richardson will serve on the board's Audit Committee as well as the Finance, Investment and Risk ...
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 ...