Leadership & Strategy
Industry Mourns Passing Of Former White Mountains’ Chair John J. Byrne
On March 9, Bloomberg reported the passing of John "Jack" Byrne, the former chair of White Mountains Insurance Group, who is best known for turning around GEICO from near bankruptcy in the mid-1970s ...Capital Growth Outpaces P/C Premiums In 2012: Moody’s
In a report on 2012 financial results for the property/casualty industry published on Friday, Moody's Investor's Service revealed that industry capital growth outpaced premium growth last year, and ...U.S. Builders Put Hiring In High Gear
Charles Cork is gearing up to do something he hasn't done in four years: Build a $1 million house "on spec." "I don't think getting a client for this one will be too much trouble," said Cork, ...New MarketScout Venture Aids Industry In Navigating High-Net Worth Segment
"For quite some time, insurance companies have recognized that high net worth personal lines is a unique and different segment of the personal lines industry," says Richard Kerr, CEO of MarketScout ...
Report Questions Insurer Readiness, Attitudes on Climate Change
A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today's ...Mexico Launches $1.2B Fund To Help Homebuilders
Mexico announced a new program aimed at buoying the country's battered homebuilders by promising to put up billions of pesos to back commercial credit to the industry. The 15 billion pesos ($1.2 ...SCOR 2012 Net Income Jumps 27%
Paris-based SCOR reported net income of EUR 418 million ($545 million), representing an increase of 26.7 percent over the 2011 result, which was EUR 330 million ($430 million). The company said that ...American Safety 4Q Damaged By Reserve Charges, Sandy
American Safety Insurance Holdings' fourth-quarter 2012 results suffered more from a reserve charge than Superstorm Sandy losses, but both combined to put red ink on the bottom line. Still, while the ...