Strategy
Canada’s Intact Financial Nearly Doubled Quarterly P/C Profit
Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. ...
XL CEO McGavick: Employees Should Stay Put in Face of M&A Anxiety
XL Group Plc Chief Executive Officer Mike McGavick said employees who are worried about disruption from his company's planned purchase of Catlin Group Ltd. should think twice about jumping ship. ...
Insurance and the Millennial Challenge: Making the Industry Compelling for a New Generation
As long as Bob O'Leary can remember, the insurance industry has often struggled to attract young people to its ranks. The 59-year-old president and CEO of Philadelphia Insurance Cos. has been in the ...
Mercury ‘Super Agents’ Take to National Airwaves
Be on the lookout for super agents on a high-tech mission to better inform and serve insurance customers. That's the theme in a series of techy and dynamic Mercury Insurance commercials now popping ...
Report: Scor, Alleghany May Submit Rival M&A Bids for PartnerRe
PartnerRe Ltd. jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break ...
AIR Worldwide Vet to Lead Berkshire Hathaway Specialty Insurance’s Cat Engineering/Analytics Arm
Berkshire Hathaway Specialty Insurance brought in an AIR Worldwide executive to lead its new catastrophe engineering/analytics division. Akshay Gupta's will be head of Catastrophe Engineering & ...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
The Hartford’s Renewed Focus on Property/Casualty is Paying Off
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property-casualty coverage, said fourth-quarter profit rose 22 percent as sales climbed at its main unit and ...