Performance
Allstate’s Catastrophe Losses Climb 78 Percent
Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance ...
XL Catlin CEO McGavick: Some P/C Industry Products Now ‘Shop-Worn’
The insurance/reinsurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. ...
Munich Re Gains From Selling Investments and Currency Changes
Munich Re, the world's second-biggest reinsurer, reported second-quarter profit that beat analysts' expectations as gains from currencies and investments cushioned higher claims from natural ...
AIG CEO Peter Hancock: ‘We Still Have a Long Way to Go’
In AIG CEO Peter Hancock's bid to reshape the struggling insurance giant and restore its fortunes, he exceeded (admittedly low) expectations, at least for the 2016 second quarter. But he also made an ...
Chubb Takes Q2 Storm Hit; CEO Greenberg Slams Protectionism, Anti-Immigation Politics
Chubb Ltd. weathered claims from major storms in Texas and other U.S. states, Canadian wildfires and earthquakes in Japan and Ecuador in the second quarter to record solid operating results. ...
Here Are 5 Ways to Build an Effective Executive Team
How does an executive successfully lead an effective team that gets the job done? Leigh Thompson, a professor with the Kellogg School of Management at Northwestern University, has come up with five ...
Everest Re’s Q2 Net Income Battered by Catastrophe Costs, Investment Declines
Bermuda-based Everest Re Group Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common ...
Insurers Could Learn From Amazon About Customer Satisfaction
Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from ...