Commercial Lines
China-Linked Hackers That Hit U.S. Govt. Reportedly Breached United Airlines
The hackers who stole data on tens of millions of U.S. insurance holders and government employees in recent months breached another big target at around the same time -- United Airlines. United, the ...
Cash Will be King if Zurich Insurance Buys RSA
Zurich Insurance Group AG said any offer for RSA Insurance Group will probably be in cash. Wednesday's statement from Zurich means "there's a very high likelihood that it will come through with an ...
W.R. Berkley Founder Will Pass CEO Slot to Son On Oct. 31, But Stay as Chairman
William R. Berkley is stepping down as CEO of W.R. Berkley Corp. on Oct. 31, putting into action in a long-discussed succession plan for his son, W. Robert Berkley, Jr. to replace him in the ...
W.R. Berkley’s CEO: M&A Trend Mostly Driven by ‘Management Ego’
W.R. Berkley Corp.'s outspoken chairman and CEO slammed the surge of M&A activity hitting the property/casualty industry in recent months as something driven more by "management ego" than true ...
Google, Amazon, 12 Others Working on Drone-Traffic Control Solution
Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is ...
AIG Hires New Chief Investment Officer and Buys His Firm
American International Group hired on a veteran of JPMorgan Chase and Zurich Capital Markets as its new chief investment officer. Douglas Dachille's full title will actually be executive vice ...
Zurich Insurance Confirms Possible Bid For Rival RSA
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of ...Hartford’s Profit Beats Estimates, Share Buyback Grows
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, increased its share buyback by $1.6 billion and raised the dividend 17 percent as ...