Strategy
ACE’s Greenberg: Chubb Acquisition is ‘Unique Opportunity’ That’s Hard to Replicate
Executives from ACE Ltd. and Chubb are "moving quickly" and amicably to figure out the details of their $28 billion acquisition and expect their shareholders to vote on the proposal in the fall, CEO ...
ACE’s Greenberg: Chubb Merger Talks Worked Well With Alcohol
ACE Ltd. Chief Executive Officer Evan Greenberg, who agreed this month to buy Chubb Corp., said integration talks went well with management at the target company, at least after drinks were served. A ...
French Insurer AXA Wants to Buy Genworth’s Lifestyle Protection Arm
Axa SA is in exclusive talks with Genworth Financial Inc. to buy its lifestyle protection insurance business for 475 million euros ($520 million) to create the third-biggest player in the European ...
PartnerRe Sets Conditions to Meet With Unsolicited Bidder EXOR
PartnerRe said it is ready to meet with EXOR SpA about its revamped upstart bid for the reinsurer, but it once again wants more. "The PartnerRe Board has determined that the latest EXOR proposal ...
Catlin’s Merger Driver: ‘A Duty of Care’
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2015 The unexpected combination of XL Group and Catlin came after two years of trust-building communication between the leaders of the ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...
Travelers CEO Fishman Briefly Had His Eyes on Chubb
Travelers Chairman and CEO Jay Fishman disclosed that the property/casualty insurance giant briefly considered a possible merger deal with Chubb. The idea was discarded, he said, after the ...
Hiscox USA Brings On New Chief Underwriting Officer
Hiscox has named a new chief underwriting officer for its fast-growing U.S. unit. Nicole Goodwin will be based in Hiscox USA's New York City office. She replaces Gary Head, who will head to London to ...