Personal Lines
AIG CEO Hancock Streamlines Executive Team; Four to Depart
AIG CEO Peter Hancock revamped a committee of senior executives he initially formed more than a year ago in a bid to further boost efficiency and growth. The move will lead to the departure of four ...
EU Explores Creation of Cross-Border Car Insurance/Pension Market
Creating a pan-European retail market in car insurance and pensions largely hinges on whether 500 million consumers will go online to widen their choice of products, the EU's executive body said on ...
Specialization Key for Personal Lines Insurer Growth: Conning
Personal lines insurers don't need to be big in order to excel, according to a new study. In fact, only two companies on Conning Inc.'s list of Growth and Profit Leaders are in the top 10 for either ...
Updated: Venezuela Volatility Hurt Liberty Mutual’s Q3
Liberty Mutual Holding Company continued to deal with the volatile Venezuelan market during the 2015 third quarter, from which it is pulling back. It also faced some energy related losses during that ...
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...
Peer-to-Peer Insurance Startup Attracts Funding from Silicon Valley’s Sequoia Capital
Sequoia Capital, a California venture firm better known for funding technology or industry game-changers including Apple, Cisco and YouTube, has put its money behind a property/casualty insurance ...
AIG Wants to Sell $750M Stake in Chinese P/C Insurer PICC
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is seeking $750 million by selling shares in PICC Property & Casualty Co. after ...
Executives On The Move at Chubb, ACE and Everest Re
Chubb appointed a temporary chief operating officer. It's future, $28 billion merger partner ACE Ltd announced much of the combined companies' Canadian leadership team. Everest Re extended the ...