Strategy
Starr Targets Small Businesses With New Commercial Umbrella Liability Policy
Starr Companies is making an overture to the small business market with the launch of a new commercial insurance umbrella liability policy. The insurer said the new umbrella coverage will complement ...
When Bad Practices Happen to Good Insurance Companies
In Edgar Allen Poe's classic detective story "The Purloined Letter," the Paris police scour a blackmailer's apartment for a letter they are certain is hidden there. They use microscopes, the latest ...
India Reaches Insurance Deal With U.S. That Could Propel Nuclear Power Expansion
Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
Willis Beefs Up China Operations With Expansion in Mind
Willis Group Holdings plc, a global insurance and reinsurance broker, is beefing up its operations in China to drive further expansion there. The primary effort revolves around a series of promotions ...
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...
Travelers CEO Fishman, Facing Neuromuscular Condition, Reduces Outside Duties
Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren't tied to the company after being diagnosed with a neuromuscular condition. "I have already begun to cut back ...