Performance
German Insurance Giant Slumps In Face of Overhaul
Talanx AG, Germany's third-biggest insurer, slumped after saying it began an overhaul of its German consumer division. Talanx lost as much as 10 percent, the biggest intraday decline since the shares ...
Commercial Lines Insurance Pricing Grew Modestly in Q4: Towers Watson
A moderation of commercial lines insurance pricing that began in early 2013 continued close to two years later, Towers Watson determined in its latest survey of the sector. Specifically, prices grew ...
Many Execs Lack Faith in Their Succession Choices: Korn Ferry
It turns out that a large number of executives around the world question whether they're investing in their ideal future leaders. Korn Ferry found that 51 percent of respondents doubt whether their ...
P/C M&A Worth More Now and Expanding in Scope: Deloitte and Assured Research
M&A activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that ...
RBC is Reviewing Its ‘Volatile’ Property/Casualty Insurance Business
Royal Bank of Canada is reviewing its domestic property and casualty insurance business, Chief Executive Officer David McKay said, citing difficulties caused by rules that ban banks from selling ...
Willis Group Brings Custom Insurance Arm to North America, U.K.
Willis Group Holdings said it is taking its affinity or custom insurance business global, with expansion into markets including North America and the U.K. The global risk advisor, insurance and ...
Liberty Mutual Finishes Out 2014 Strong, But Catastrophe Losses Grow
Liberty Mutual Holding Company finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number ...
The Big Tease: Buffett Remains Mum About His Chosen Successor
Warren Buffett didn't spill the beans about his already-chosen successor in his latest annual letter to Berkshire Hathaway shareholders. Long-time vice-chairman Charlie Munger fueled continued ...