Leadership & Strategy
Hiscox Reports Profit Up 44%; Combined Ratio at 74.7%
Hiscox Ltd. surged the most in more than four years after the second-biggest Lloyd's of London insurer by market value reported better-than-expected first-half profit and increased its dividend. The ...
Questions Arise Over SAC Reinsurance Unit As Hedge Fund Pleads Not Guilty
Billionaire investor Steven A. Cohen's hedge fund pleaded not guilty on Friday to insider trading charges in federal court, as questions also surfaced about the future of SAC Capital's Bermuda-based ...
Tokio Marine Targets Southeast Asia for Expansion
Tokio Marine Holdings Inc., Japan's second-largest non-life insurer, is seeking to expand in Southeast Asia as Japan's shrinking population erodes its domestic market. The insurer plans to expand in ...
Lack Of C-Suite Engagement Drives Strategic Failures: Study
A new study confirms that while executives believe delivering on strategic plans is important, their organizations are falling short—often because of poor C-suite engagement. The research findings ...
Berkshire Hathaway Reinsurance for Ireland’s Health Claims May Save Taxpayers
Warren Buffett's Berkshire Hathaway Inc. will reinsure about 700 million euros ($923 million) in claims for Ireland's state health insurer, which is seeking to stem losses and its burden on taxpayers ...
XL Group, Stone Point Capital Form Joint Investment Manager
XL Group and private equity firm Stone Point Capital LLC announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities and other reinsurance ...
RenaissanceRe Expands Global Re Operations By Launching U.S. Platform
RenaissanceRe Holdings Ltd. announced the formation of RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, on Thursday. The agency will support the ...
Commercial Lines Rate Increases Slowed in Q2: The Council
Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases also surfaced. The Council of Insurance Agents & ...