Global Economy
Ex-AIG Exec to Succeed David Duclos as CEO of QBE North America
A former AIG executive is joining QBE with plans to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation ...
Founder-Led Companies Perform Best: Harvard Business Review
Companies led by their founders run circles around the others. Chris Zook, a partner in Bain & Company's Boston office and a co-head of its global strategy practice, makes this assertion as part ...
CNA’s Q1: Net Income Plunges but Underwriting Improves
CNA Financial Corp.'s first three months of 2016 produced a mixed bag of results. Fallout from a 2010 agreement to cede Asbestos and Environmental Pollution liabilities to National Indemnity Company ...
Canadian Railroad Struggles with Adequate Track Repair Following 2015 Derailments
Canada's biggest railway struggled to keep some heavily used track in adequate repair even after a string of derailments last year showed the danger of moving oil on poorly maintained track, ...
AIG Is Selling $1.2B Stake in Chinese P/C Insurer
American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd (PICC P&C) in a block deal, IFR said on Saturday, citing a term ...
Berkshire Profit Climbs on Investments; Insurance Underwriting Income Slipped by More Than Half
Berkshire Hathaway Inc.'s profit rose 8.2 percent in the first quarter as gains at manufacturing units and the investment portfolio overseen by Chairman Warren Buffett offset a slump at insurance ...
The Hartford Slammed by Worsening Auto Losses and Lower Investment Returns
Worsening auto losses and lower investment returns led to a 31 percent decrease in The Hartford's 2016 first quarter net income. The property/casualty insurance giant said it produced $323 million in ...
PwC Sued for Allegedly Favoring Younger Job Hires
A lawsuit accusing PricewaterhouseCoopers LLP of violating U.S. discrimination law by hiring a "stunningly low" number of people over the age of 40 to maintain a youthful culture has been filed in ...