Performance
Britain’s Legal & General Group: Corporate Bulk Annuities Soar in 2014
Legal & General Group Plc's shares gained in London trading after the insurer said 2014 will be a record year for its corporate bulk annuities business, mitigating a 61 percent slump in sales to ...
CNA Wants 11,000 Former Employees to Give Up Their Pensions
CNA Financial Corp., the commercial insurer majority-owned by Loews Corp., offered lump-sum payments to 11,000 former employees to encourage them to give up their pensions. The program could reduce ...
Progressive CEO Renwick Laments Drop in New Agency Auto Applications
While Progressive Corp. generally performed well in Q3, Glenn Renwick, chairman, president and CEO of the Ohio property/casualty insurance giant, was starkly unhappy with the 14 percent drop in new ...
Guy Carpenter Unveils U.S. Healthcare and Life Specialty Practice
In the wake of the Affordable Care Act and its expanded healthcare coverage in the U.S., Guy Carpenter & Co. has reorganized and expanded its effort to cater to healthcare providers and insurers ...
W.R. Berkley CEO Challenges ‘Moral Commitment’ of Reinsurance Rivals
With the property/casualty reinsurance market hammered by soft rates and heavy competition from new sources of capital, W.R. Berkley Corp.'s Chairman and CEO questioned the "moral commitment" of some ...
Allianz Global Corporate & Specialty Reorganizes to Support New Growth
Allianz Global Corporate & Specialty SE (AGCS) is reorganizing its regional management structure to accommodate new growth. In a related move, it is launching a new business line targeted to ...
Allied World to Realign Most of Its Operations
Allied World Assurance Co. Holdings announced a realignment of most of its operations, the same day it disclosed 2014 third quarter earnings that reflected gains in pricing but hits on income due to ...
Chubb Thrives in Q3 on Higher Premium Revenue
Chubb Corp., the insurer of corporate boards and mega-yachts, said quarterly profit rose 9.8 percent in the company's first increase of the year as premium revenue increased. Third-quarter net income ...