Commercial Lines
AIG’s New CEO After Hancock? Someone From Outside Might Be Better
With AIG CEO Peter Hancock on his way out the door after failing to reverse the insurer's fortunes, some see the board turning to an outside replacement rather than an internal candidate in what ...
Could One of These Men Be AIG’s Next Leader?
It's been 17 months since activist Carl Icahn started targeting American International Group Inc.'s Chief Executive Officer Peter Hancock, faulting him for the company's sluggish returns and ...
AIG CEO Hancock Lost Confidence of Many on His Team
Before he lost the confidence of big-name investors and his company's board members, Peter Hancock squandered the faith of many of his staff. It was November 2015, after a disappointing quarter for ...
Severe Weather in February Cost Insurers More Than $1B: Aon Benfield
Insurers face claims of more than $1.0 billion as a result of severe weather events during February, primarily from storms in the U.S. and Australia, according to a report published by Impact ...
The Latest Launches From Starr Companies, Willis Towers Watson, Allied World and More
Starr Companies launched new coverage designed for general contractors and related businesses who use drones as part of their operations. Willis Towers Watson released a new version of its pricing ...
AIG CEO Peter Hancock to Depart After Four Losses in Six Quarters
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters—results that hurt investors including activists Carl Icahn and ...
Successful IT Transformations Need CEO Vision, Follow-Through, Ambitious Targets : McKinsey
Insurance carriers pushing for a digital transformation in their operations won't go anywhere without the vision, follow-through and commitment of their CEO and senior leadership team. McKinsey & ...
EU Pushes to Save Paris Climate Change Agreement With More Diplomacy
EU foreign ministers on Monday said the bloc would strengthen diplomacy to promote the fight against climate change in the face of a possible U.S. exit from the Paris agreement. U.S. President Donald ...