Strategy
Goldman-to-Soros Backed Mortgage Insurer Essent Files for IPO
Essent Group Ltd., a mortgage insurer backed by investors including Goldman Sachs Group Inc. and George Soros, filed for an initial public offering as investors pour capital into companies that ...
Travelers $633M Buyback Sets Record in Quarter as Storm Costs Decline
Travelers Cos., the only property insurer in the Dow Jones Industrial Average, spent a record amount on share repurchases this quarter as it benefits from lower costs tied to the most severe natural ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Global Insurance M&A Activity at Four-Year Low: Clyde & Co.
Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & ...
Five Key Traits CEOs Look For When Hiring Talent
(This article is based on a presentation made by Libby at the IICF Women in Insurance Global Conference in New York on June 13, 2013.) CEOs are often grilled in boardrooms on innumerable challenges: ...
‘Fish ‘n’ Shoes’ Thinking and the Disruptive Power of ‘Just One Change’
Shoes matter. This is a universal truth. They particularly matter to me. Some may remember when Sex and the City protagonist Carrie Bradshaw was mugged and exclaimed: "Please sir, you can take my ...
American Family Insurance Expands Direct Channel; Acquiring Homesite Group for $616M
In a move it says will complement its strong agency distribution system, Madison, Wis.-based American Family Insurance announced Thursday that the carrier has agreed to acquire direct homeowners ...
RenaissanceRe and Munich Re Reach Agreement on U.S.-Based Weather and Energy Unit
RenaissanceRe Holdings Ltd. announced Tuesday that it entered into an agreement with Munich Re to sell its U.S.-based weather and weather-related energy risk management unit, RenRe Energy Advisors ...