Commercial Lines
Executives On The Move at QBE, PartnerRe, Aspen and Willis
We have promotions and appointments to tell you about at QBE North America, Aspen Insurance Holdings, PartnerRe and Willis Group Holdings: *** QBE North America is bringing on a veteran of Fireman's ...
Allstate Sees Double-Digit Profit Drop Due to Auto Policy Slowdown
Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile-coverage business. Net ...
AIG CEO Rejects Icahn Plan to Split Insurance Giant Into 3
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a separation would limit ...
AIG Loses $231M in Q3; Up to 400 Senior-Level Jobs on Chopping Block
American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to ...
OneBeacon’s Q3 Results Disappoint; CNA’s Investment Income Plunges
OneBeacon's third-quarter results disappointed; CNA's numbers were mixed to positive, though its investment income took a big hit. Here are the details: *** OneBeacon Insurance Group saw its ...
Insurance Journal’s Jergler Wins Folio Award; Carrier Management Recognized
Wells Media Group's Carrier Management and Insurance Journal publications took home honors from this year's Folio Awards that recognize excellence in publishing. The awards, sponsored by the ...
US and UK Will Jointly Test Global Financial Firms’ Cyber Security
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer ...
El Faro Owner Pursues U.S. Maritime Liability Limit on Death Claims
The owner of the U.S. cargo ship El Faro that sank in a powerful hurricane off the Bahamas nearly a month ago has filed for protection in Florida federal court from claims it is liable for the deaths ...