Specialty
RLI Launches Cyber Liability Unit
Specialty insurer RLI Insurance Co. has created a Cyber Liability unit through its Executive Products group. Underwriting directors Sean Scranton and Natasha Richard will lead the new unit, which ...
Two More AIG Execs Depart in Ongoing Overhaul; New COO Named
American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the ...
Executives On The Move at QBE, Hiscox and Preferred Mutual
QBE North America gave one of its major executives some new responsibilities. Hiscox brought on an additional energy underwriter. Preferred Mutual has a new general counsel. *** QBE North America is ...
Hank Greenberg: AIG Let ‘Fox in the Henhouse’ With Icahn Deal
American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking an accord with activist investors who want to shrink ...
The Hartford CEO Swift: M&A One of Many Possible Growth Options
The Hartford Chairman and CEO Christopher Swift said that M&A is one of many possible options for the property/casualty insurer as it looks at ways to accelerate growth in the months ahead. "We ...
As El Niño Peaks, La Niña is Poised to Emerge
Even as the El Nino weather phenomenon continues to impact global temperatures and crops, its counterpart La Nina is increasingly expected to emerge in the coming months for the first time in four ...
In Q4, Markel Improved Combined Ratio and Grew Net Income
Markel Corp. reported $197.9 million in net income to shareholders for the 2015 fourth quarter, up from $117.6 million during the same period in 2014. For the full-year 2015, the Richmond, ...
Uber Will Pay $28.5M to Settle Claims Its ‘Safe Rides Fee’ Misled Passengers
Uber Technologies Inc. said it will pay $28.5 million to settle claims that a $1 "safe rides fee" charged to riders was misleading because its background checks on drivers aren't as rigorous as the ...