Leadership & Strategy
Liberty Mutual’s 2012 Profit More Than Doubles To $829M Despite Q4 Net Loss
Liberty Mutual and its subsidiaries reported 2012 fourth-quarter net loss of $234 million, with the results including $576 million Superstorm Sandy losses. In comparison, the Boston-headquartered ...
Snapshot: Who Are America’s Small Business Entrepreneurs?
About one third of America's entrepreneurs are women, many are between the ages of 30 and 49, and 60 percent spent more than six months working on their business idea before forming their entity. ...A.M. Best Comments On Moody’s UK Downgrade
A.M. Best Europe-Rating Services Ltd. said it "does not anticipate any impact on its ratings of insurers operating in the UK as a direct consequence of the sovereign downgrade." Best was referring to ...Markel, Alterra Shareholders Approve Acquisition
Markel Corporation and Alterra Capital Holdings Limited said that their respective shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel. The ...
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...
Manufacturing Leaders Expect Growth: Travelers Survey
Travelers reported that nearly three-quarters of leaders in the manufacturing industry are expanding product and service offerings and 88 percent are hiring, based on results of a recent survey ...QBE Cuts Dividend, Reports Lower Than Expected Profit
QBE Insurance, Australia's biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its ...Tower Group Reports Fourth-Quarter Loss
More than $80 million of after-tax net losses from Superstorm Sandy drove bottom-line red ink at New York-based Tower Group, Inc., which reported a net loss of $52.1 million, or $1.36 per share, for ...