Specialty
Allianz Q2 Profit Gain Aided by CEO’s Strategy, Fewer Natural Disaster Claims
As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster-claims rewarded his strategy. Operating profit ...
Chubb’s Q2: CEO Greenberg Touts Transformation Into ‘a Revenue Machine’
Chubb Ltd. saw its net income soar in the 2017 second quarter, and investment income also reached record levels. Chairman and CEO Evan Greenberg said during the company's July 26 earnings call that ...
Hackers Steal Data From 400,000 Client Accounts at Italy’s UniCredit Bank
UniCredit SpA, Italy's No. 1 bank, said hackers took biographical and loan data from 400,000 client accounts in one of the biggest breaches of European banking security this year. The attack occurred ...
The Latest Launches From Starr Companies, Ironshore and AIG
Starr Companies added new features to its Directors & Officers policy. Ironshore has a new product that helps serve the Lloyd's China platform. AIG Travel has added new products but changed its ...
Blue Marble, The Nature Conservancy Team to Offer Microinsurance for Ranchers in Latin America
The Nature Conservancy (TNC) and Blue Marble Microinsurance said they've formed a partnership designed to provide microinsurance for small ranchers in Latin America who use a weather-resilient ...
Markel Corp. to Snatch up State National for $919 Million
Markel Corp. will acquire State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both ...
W.R. Berkley Cut Back Reinsurance Underwriting in a Flat Q2
Weather related losses and a competitive reinsurance business nudged W.R. Berkley Corp.'s 2017 second quarter combined ratio higher. But a nearly 5 percent growth investment income and gains in ...
CNA Joins Global Business Diversity Initiative
CNA has become the latest property/casualty insurer to join a multi-industry CEO initiative focused on making businesses more diverse and inclusive. Dino Robusto, CNA's chairman and chief executive ...