Leadership & Strategy
Fairfax Sets Floor for BlackBerry with $4.7 Billion Offer
Struggling smartphone maker BlackBerry on Monday signed a tentative deal to be acquired by a consortium led by its biggest shareholder, setting a $4.7 billion floor in the auction of the Canadian ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...
JLT to Acquire Towers Watson’s Reinsurance Brokerage Business
Jardine Lloyd Thompson Group plc (JLT), one of the world's largest suppliers of insurance and employee benefits related advice, brokerage and services, will acquire the reinsurance brokerage business ...
SEC Turns Policy Corner with JPMorgan Guilty Admission
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge ...
Private U.S. Mortgage Insurers Revitalized by Housing Pickup
As more Americans buy homes, the handful of private insurers that cover their mortgages are attracting heavyweight investors keen to profit from the nascent housing market recovery. With billionaire ...
Germany’s Ergo Expects Asia, Eastern Europe Premium Growth
Munich Re's insurance unit, Ergo Versicherungsgruppe, plans to increase international premiums by more than a fifth over the next five years on sales in Asia and eastern Europe. "We aim to increase ...
AmTrust Financial Services, Inc. Buying California Surety Writer For $85M
AmTrust Financial Services, Inc. announced Wednesday that it entered into a definitive agreement to acquire The Insco Dico Group for approximately $85 million, or $7.0 million above its tangible book ...
Tower Group to Release 2Q in Early October; Reserve Adjustment Under Wraps
Tower Group International, Ltd. announced Tuesday that it plans to release its second-quarter 2013 financial results during the week of Oct. 7. The announcement said the company does not expect to ...