Strategy
ACE CEO Greenberg Gushes About Emerging Market Potential
ACE Ltd. generated mostly robust 2014 second-quarter results. Chairman and CEO Evan Greenberg acknowledged as much during the company's investor call on July 23. But he spend a lot of time on ...
Cat Losses Ding Travelers’ Q2 Net Income
The Travelers Cos. began 2014 with a bang, giving investors a first quarter of soaring net and operating income, thanks in part to a major acquisition. For Q2, however, higher catastrophe losses ...
Bain: Few P/C Outfits Excel at Both Attracting and Keeping New Clients
When it comes to building new business, the property/casualty insurance industry has split in two. Some companies in the marketplace are great at acquiring customers; others are brilliant at ...
S&P Said to Be Buying Out 100 U.S. Ratings Employees
Standard & Poor's is seeking voluntary buyouts from as many as 100 U.S. employees in what would be the biggest staff cuts since the financial crisis for the credit grader, according to a person ...
Starr Companies Completes Ownership of Chinese Insurer
Last week, Starr Companies announced the completion of its majority ownership of Shanghai-based Dazhong Insurance Company Limited of China. Going forward, the company will be known as Starr Property ...
Liberty Mutual Punts $3.3B in Liabilities to Berkshire Hathaway Arm
Liberty Mutual Insurance is ceding $3.3 billion in asbestos, environmental and workers compensation liabilities to Berkshire Hathaway subsidiary National Indemnity Company in one of the larger ...
M&A Adviser MarshBerry Nabs Re Broker, Investment Banker Gill & Roeser
MarshBerry has acquired the assets of Gill & Roeser, Inc., a New York City based boutique investment banking and reinsurance intermediary firm. Gill & Roeser is an independently-owned capital ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...