Personal Lines
Chubb CEO Evan Greenberg Predicts Little Post-Merger Exec Turnover
Chubb Chairman and CEO Evan Greenberg insisted he believes opportunity and incentives will encourage most executives to stay with the insurer in the wake of its recently completed mega-merger. "I ...
Regulation According to Lloyd’s of London’s Sean McGovern
The start of 2016 brought with it the launch of Solvency II, rules in the European Union that govern how much capital insurers must set aside for operational risk, investment and underwriting. ...
The Zebra, Another Insurance ‘Disruptor,’ Attracts $17M in Funding
The Zebra, an online auto insurance comparison company, said it has closed $17 million in Series A funding with investment from Mark Cuban, Mike Maples Jr. (of Twitter and Lyft), Simon Nixon (of ...
Zurich Snags Generali CEO Greco to Helm Turnaround Attempt
Zurich Insurance Group AG hired Assicurazioni Generali SpA's Mario Greco as chief executive officer, giving him the task of turning around the company, after losses in its general insurance business ...
Some Analysts See Far-Reaching AIG Strategic Plan as Not Going Far Enough
American International Group CEO Peter Hancock's far-reaching strategic plan to divest assets and return $25 billion to shareholders over the next two years generated the equivalent of a shrug during ...
Cuomo Nominates Corporate Lawyer to Run N.Y. Dept. of Financial Services
New York Governor Andrew Cuomo signaled a shift in New York's oversight of Wall Street, tapping a longtime corporate lawyer to run the state banking regulator previously overseen by an aggressive ...
JPMorgan Will Pay Ambac $995M to Settle Mortgage-Backed Securities Claims
Bond insurer Ambac Financial Group Inc said JPMorgan Chase & Co will pay $995 million to settle disputes related to residential mortgage-backed securities. The settlement will have a positive ...
Insurers in California Face Mandate to Disclose Coal Company Holdings
California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to ...