Strategy
Aon CEO Case Defends Berkshire Deal; Sidecar Innovation ‘Good for London’
Aon Plc, the broker that was criticized by Lloyd's of London for a deal with Warren Buffett's Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more ...AIG’s Miller Notes Progress As Reorganization Continues
American International Group Inc. must do more to win over Wall Street, even after rallying 51 percent in the past two years, Chairman Steve Miller told shareholders. AIG is seeking to reward ...
AIG Aims to Be Smartest Casualty Insurer, Schimek Says
Innovation and customer focus are central to the strategy of the one of the nation's largest property/casualty insurers, for which being the biggest competitor is not the primary goal, according to ...Great American Acquiring Renewal Rights on Selective Insurance Public Entity Book
Great American Insurance Group announced Thursday that it completed a renewal rights agreement with Selective Insurance Company of America to acquire Selective's Self-Insured Group book of business. ...
P/C Insurers Looking to Compete Must Learn to Embrace the Cloud
Property/casualty insurance companies have a reputation for being risk-averse. That certainly has been the case when it comes to cloud computing. While other industries have more readily embraced the ...Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook
In a statement Wednesday, Bermuda-based Watford Holdings Ltd. said it expects that reinsurance operations of its wholly-owned subsidiary Watford Re Ltd., will start up soon, following the recent ...
Runoff Specialist Catalina in Deal for SPARTA; Arch to Take ART Renewals
On Wednesday, Catalina Holdings (Bermuda) Ltd ("Catalina") and SPARTA Insurance Holdings, Inc. ("Sparta") announced a definitive agreement under which Catalina will acquire Sparta. Once the deal is ...
Insurer M&A Activity on the Rise: Towers Watson
An overwhelming majority (86 percent) of North American insurance executives expect to see an increase in the volume of insurance mergers and acquisitions over the next one to three years, and 78 ...