Personal Lines
ACE’s Greenberg: Chubb Merger Talks Worked Well With Alcohol
ACE Ltd. Chief Executive Officer Evan Greenberg, who agreed this month to buy Chubb Corp., said integration talks went well with management at the target company, at least after drinks were served. A ...
ACE, Focused on Buying Chubb, Basks In Q2 Profit Hike
ACE Limited, the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed. Net income increased to $942 million, or $2.86 a share, ...
First Half Saw $15B in Insured Cat Losses—a Sharp Decrease From 2014: Impact Forecasting
The first six months of 2015 mark the quietest first half for global natural disaster losses since 2006, according to a new report from Aon Benfield's Impact Forecasting. The report, "Global ...
Travelers Q2 Produces Income Gains and Investment Declines
The Travelers Companies enjoyed soaring net income during its 2015 second quarter, thanks, in part to lower catastrophe losses and share repurchases. But net written premiums stayed flat, and ...
Travelers CEO Fishman Briefly Had His Eyes on Chubb
Travelers Chairman and CEO Jay Fishman disclosed that the property/casualty insurance giant briefly considered a possible merger deal with Chubb. The idea was discarded, he said, after the ...
Seven Companies Join Ward’s Annual Top 50 P/C Ranking for 2015
There are only three companies that have made it onto an annual list of 50 top property/casualty insurance performers for 25 straight years, according to the list's publisher, Ward Group. Ward ...
Executives On The Move at The Hartford, QBE and More
We have some executive hires and promotions to tell you about at The Hartford, QBE North America, Validus Holdings' Talbot Underwriting, Donegal Group Inc., and Wells Fargo Insurance: *** The ...
Wells Fargo Wins Predatory Lending Lawsuit Dismissal in L.A.
Wells Fargo & Co on Friday won the dismissal of a lawsuit by Los Angeles that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending ...