Strategy
Endurance Building ‘Relevance’ Through Leadership Changes, CFO Says
Armed with the overstuffed Rolodex of its new CEO, John Charman, Endurance Specialty Holdings is moving into new markets like a startup, the company's chief financial officer suggested at an investor ...
MetLife: Lack of Auto, Home Insurance Sales ‘Ridiculous’
MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company's main retail business said they've been missing an opportunity ...
ProAssurance to Acquire Workers’ Comp Specialist Eastern Holdings
Medical professional liability insurer ProAssurance Corp. (NYSE: PRA) said it is acquiring monoline workers' compensation insurer Eastern Insurance Holdings Inc. (NASDAQ: EIHI) in an all-cash ...
Newsmaker: BlackBerry Savior Watsa, an Investor with a Long View
As soon as Prem Watsa stepped down from BlackBerry's board in August, speculation that he would launch a bid for the troubled smartphone maker started to swirl. Six weeks later, the man some call ...Fairfax Sets Floor for BlackBerry with $4.7 Billion Offer
Struggling smartphone maker BlackBerry on Monday signed a tentative deal to be acquired by a consortium led by its biggest shareholder, setting a $4.7 billion floor in the auction of the Canadian ...
Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy
The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay Fishman explained his company's personal auto strategy at the ...
JLT to Acquire Towers Watson’s Reinsurance Brokerage Business
Jardine Lloyd Thompson Group plc (JLT), one of the world's largest suppliers of insurance and employee benefits related advice, brokerage and services, will acquire the reinsurance brokerage business ...
Private U.S. Mortgage Insurers Revitalized by Housing Pickup
As more Americans buy homes, the handful of private insurers that cover their mortgages are attracting heavyweight investors keen to profit from the nascent housing market recovery. With billionaire ...