Leadership & Strategy
P/C Carrier 2012 M&A Deals Nosedive: Conning
Amounting to just $4.7 billion in aggregate deal value, 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to ...
Bankers Personally Liable for Sanctions Violations: U.S. Treasury
The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with ...
17 P/C Insolvencies, Only One Cat-Driven In 2012: A.M. Best
Only one of 17 property/casualty insurance carriers that became financially impaired in 2012 suffered its impairment as a result of catastrophe losses, according to a recent study by A.M. Best. ...
Individual P/C Carrier Results Lackluster, Despite Aggregate ’12 Improvement: Fitch
Although the aggregate operating results for a group of large publicly traded property/casualty insurers improved markedly in 2012 compared to 2011, individual carrier performance remains "below par" ...
The Greenberg Interview: Spitzer, AIG, Bailout, Foreign Trade and More
The near-collapse of American International Group (AIG) in 2008 came about because of the scare tactics and political ambition of one man—then New York Attorney General Eliot Spitzer, according to ...FM Global Swings to $774M Net Profit for Full-Year 2012
Johnston, R.I.-based FM Global, one of the world's largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million ...
Imagining A Future Filled With Driverless Cars
Visions of robotic self-driving cars may appear like something from a George Lucas film but in June 2011, this vision took a giant leap toward becoming reality when Nevada became the first state to ...