Markets
The Hanover Temporarily Brings Back Former CFO After Greenfield’s Death
The Hanover Insurance Group brought back a former chief financial officer company to serve as interim CFO, a move made necessary due to the unexpected death of his predecessor earlier in October. ...
Carl Icahn’s Emergence Ups the Stakes for AIG CEO Hancock
Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett's Berkshire Hathaway Inc.'s new ...
Hurricane Patricia May Hit Mexico Cat Bond
Mexico's natural disaster fund may be $100 million better off at bondholders' expense after Hurricane Patricia appeared to trigger a catastrophe bond the country sold in 2012. Investors in those ...
Berkshire Hathaway Specialty Now in Australia with Marine Office
Berkshire Hathaway Specialty Insurance Company is now underwriting Marine, Transport & Logistics Liability Insurance in Australia and New Zealand. Barton Phillips, the head of the group, and ...
Willis Forecast: Cyber Rates Soar But Price Drops Ahead for Other Casualty
Cyber insurance and professional liability were the only clear outliers in a picture of softening primary insurance prices that now includes casualty lines, a broker report revealed last week. In its ...
PCI Conference Report: Cyber, Property Risks Not So Separate, CTO Says
The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, FireEye Inc. Chief Technology Officer Grady Summers said. ...
Wal-Mart Follows Amazon in Seeking Drone Permit for Home Delivery
Wal-Mart Stores Inc. applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with ...
Hartford Stock Price Falls After ‘Underwhelming’ Auto Results
Hartford Financial Services Group Inc., the insurer that sold its life units to focus on property/casualty coverage, plunged the most in the 88-company Standard and Poor's 500 Financials Index after ...