Strategy
Will New CEO Christopher Swift Continue The Hartford’s Current Path?
Who is Christopher Swift? Will he be the CEO that Hartford Financial Services Group needs as it continues its revamp, focusing more heavily on its P/C group and mutual funds divisions in the months ...
Endurance Unveils Exchange Offer for Aspen’s Outstanding Shares
Endurance Specialty Holdings Ltd. - bound and determined to acquire Aspen Insurance Holdings Ltd. – launched an exchange offer for all outstanding shares of its Bermuda reinsurance rival, dogged ...
Travelers CEO Jay Fishman Crows About Big Returns vs. Banks
Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer's history of posting better returns than banks and other large financial companies amid a period of increased Wall Street ...
Argo to Expand Surety Capacity On Its Own and With SureTec Financial
Argo Group International Holdings Ltd, said it will expand its commercial surety capacity to $100 million for qualifying clients. Separately, the Bermuda based international underwriter of specialty ...
P/C Carriers Could Counter Hailstorms With More Reinsurance: RMS
Now that hailstorms are no longer "attritional perils" and are much more widespread than they used to be, property/casualty insurers could benefit from adding reinsurance for these threats, an RMS ...
Cat Bonds, Emerging Risks and More at S&P’s Annual Insurance Gathering
Cat bond issuances are hitting record levels, leaving the industry with questions about how long alternative capital will keep pouring into the reinsurance market. That idea emerged during the ...
Citing Success, Farmers Pulls Climate Change Lawsuit
Farmers Insurance Group, which filed nine class actions in May against nearly 200 communities in the Chicago area, is withdrawing its lawsuit. The suit accused the Illinois municipalities of failing ...
U.S. Treasury Vet is AIA’s New Federal Affairs Chief Counsel
A veteran of the U.S. Department of Treasury will be the American Insurance Association's new chief counsel for federal affairs. The AIA disclosed this week that Amanda Greenwold Wise has been named ...