Strategy
Greenlight Re’s First-Ever Chief Operating Officer to Step Down for Personal Reasons
Greenlight Capital Re, known informally as Greenlight Re, is losing its chief operating officer after he joined the company less than a year ago. The specialist property/casualty reinsurer disclosed ...
May Pushes Her Brexit Plan as Practical and Workable
British Prime Minister Theresa May's speech on Friday about Brexit had two audiences who weren't in the room: the European Union, whom she urged to engage with her proposals, and her own party. "Our ...
Travelers CEO Schnitzer: Agents, Brokers Have a Place, Even With InsurTech Investments
Travelers Chairman and CEO Alan Schnitzer said that independent agents and brokers still have a place with the insurer even as it continues exploring InsurTech innovations for its operations. "Yes, ...
Generali to Sell Off Wealth, Services Units for $476M
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for ...
AIG Closes $5.6B Validus Acquisition; Q2 Earnings Out on Aug. 2
When American International Group reports its 2018 second-quarter financial results on Aug. 2, it will be the proud new owner of Validus Holdings. AIG disclosed on July 18 that it has closed a $5.6 ...
Buffett’s Berkshire Hathaway Eliminates Restriction on Stock Buybacks
Berkshire Hathaway Inc on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate's ...
Tolerating Rogue MGAs Could Harm Entire Sector’s Reputation: Gallagher UK’s Chilton
While there's a bright future for managing general agents that "get it right," Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the ...
New World of Digital Recruiting: Chatbots, Videos and Social Media
Long gone are the days when employees printed their resumes and cover letters on fancy paper, worried about choosing the proper font, and put both documents in the mail. The idea of employers ...