Personal Lines
KPMG: More Insurance Execs Are Mulling M&A Activity
An increasing number of insurers are mulling M&A activity or strategic acquisitions of specific lines of business in the months ahead, a new KPMG report concluded. Concerns about new regulations ...
The Hartford’s Former Leader Reflects on Turnaround
The Hartford Financial Services Group's Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year's shareholder meeting, spoke about the company's ...
AIG’s CEO Passes the Torch; His Successor Pledges Continuity
American International Group President and CEO Robert Benmosche got a bit sentimental about the company's post-financial crisis turnaround during his last investor earnings call on Aug. 5. He also ...AIG Exceeds Expectations for Q2 in Benmosche’s Swan Song
American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses, and the insurer said it would ...
Forecasters Reaffirm Below-Average Atlantic Hurricane Season Outlook
Colorado State University (CSU) researchers continue to predict a below-average hurricane season for the Atlantic basin in 2014, citing exceptionally unfavorable hurricane formation conditions in the ...
Investment Gains Jolt Berkshire 2Q Earnings; P/C Earnings, Premiums Flat Overall
Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for ...
Wildfires Force Evacuations in West Coast States
Wildfires burning through dry terrain in West Coast states have forced scores of evacuations as fire teams worked to corral the blazes. Lightning sparked dozens of fires in Northern California, ...
Investors Believe Allianz Will Keep Old Leadership
Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe's largest insurer expands its global presence or ...