Reinsurance
The Hanover Sees Dip in Q4 Net Income; OneBeacon Ends Year in Black
A competitive and challenging market left The Hanover Insurance Group with lower net income and net premiums written in 2015. OneBeacon Insurance Group also saw lower net premiums written, after ...
Executives On The Move at Ironshore, JLT and Chubb
Ironshore promoted one of its executives; JLT appointed a former Willis exec to a key U.S. role; Chubb fleshed out the management for its risk management services arm. *** Ironshore Inc.'s Specialty ...
W.R. Berkley CEO: M&A Fallout Creates Window to Lure Promising Talent
Property/casualty mergers, acquisitions and reorganizations in recent months are creating opportunities to snatch up promising employees and make market inroads, W.R. Berkley Corp.'s CEO said. ...
Munich Re Stock Soars After Dividend Surpasses Forecast
Munich Re, the world's second-largest reinsurer, rose the most since November 2011 after announcing a dividend that beat expectations. The company reported fourth- quarter profit that was unchanged ...
Insurance Information Institute President Robert Hartwig Will Depart in August
Robert Hartwig – longtime leader of the Insurance Information Institute – is stepping down this August. Hartwig has been I.I.I. president since 2007 and was also the organization's chief ...
New Jersey Manufacturers Knocked Off of Top A.M. Best Ranking
New Jersey Manufacturers Insurance Company's stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The ...
VW Names New Top U.S. Lawyer as It Pursues Emissions Fix Approval
Volkswagen AG has replaced the head of its U.S. legal department with an outside lawyer as it works to win approval to fix nearly 600,000 vehicles with excess emissions, a person briefed on the ...
Beazley CEO Cautions Robust 2015 Profit Levels Are Not Sustainable
Beazley Plc Chief Executive Officer Andrew Horton said the company's return on equity of 19 percent in 2015 isn't sustainable against a backdrop of increased competition and falling insurance rates. ...