Leadership & Strategy
Runoff Specialists No Longer Buyers of Last Resort in Insurer M&A
Runoff specialists are increasingly becoming visible acquirers of ongoing books of business as M&A activity heats up across the insurance industry, according to a consultant from Towers Watson. ...
Pacific Specialty’s CEO: Working Within Limits, Re-engaging Independent Agents
When employees of Pacific Specialty Insurance Co. bemoan the fact that they don't have a ton of money to spend on sales and marketing to generate growth, the CEO does not promise to find more ...
Tower Group Reports $500M Loss for Second-Quarter 2013, Job Cuts
On Friday, Tower announced a second-quarter loss of more than $0.5 billion, with previously disclosed reserve and goodwill charges contributing to the result. The company also said it is cutting ...
The Hartford Pledges $100,000 to Typhoon Haiyan Relief Efforts
The Hartford announced Thursday that it has pledged $100,000 to the American Red Cross disaster relief efforts in support of those affected by Typhoon Haiyan in the Philippines. The contribution ...
What Makes a Successful P/C Carrier CIO—and How to Know If You Have One
Triumphant Mutual and Victorious Insurance Co. seem like two peas in a pod. They're similarly sized property/casualty insurers that write personal lines and small-business insurance. But look closer. ...
Tower Update: We Will Meet Obligations, CEO Says
A day after Tower Group International Ltd. disclosed "substantial doubt about the company's ability to continue as a going concern," a letter from the carrier's CEO reassured business partners that ...
Philadelphia Insurance, Travelers Donate for Typhoon Relief
Philadelphia Insurance Companies and The Travelers Companies, Inc . each announced donations to the American Red Cross last week to provide relief to the people affected by Typhoon Haiyan in the ...
RLI Declares $3.00 Special Dividend and Two-for-One Stock Split
Late Thursday, RLI Corp. announced that its board of directors has declared an extraordinary cash dividend of $3.00 per share of common stock, which is expected to total approximately $65 million, ...