Industry News
Zurich Announces New CEO Start Date; Q4 Loss Hits $424M
Zurich Insurance attempted to mollify investors on Thursday by bringing forward the start date for incoming Chief Executive Mario Greco and holding its dividend unchanged. But a steeper-than-expected ...
Lloyd’s, London Market Face Huge Uncertainty if UK Leaves EU
A UK exit from the European Union will create a "rarely experienced" level of uncertainty for Lloyd's, the London market as well as the UK and other European economies, according to Sean McGovern, ...
MetLife Battle Against Too-Big-to-Fail Label Has Implications for AIG
A U.S. lawyer defending the government's decision to designate MetLife Inc. a potential threat to the economy was questioned sharply by a federal judge who was asked by the company to remove the ...
What P/C Insurance Industry Lobbyists Are Fighting for in 2016
Election year or not, P/C industry lobbyists are planning for a busy 2016 in Washington, D.C. The American Insurance Association and the National Association of Mutual Insurance Companies are among ...
CNA Lost $70M in Q4, Dragged Down by Life & Group Results
CNA Financial Corp. lost $70 million in its 2015 fourth quarter, an outcome shaped in part by declining investments and its Life & Group results. The Illinois-based property/casualty insurer ...
XL Catlin Partners With New MGU Ventus for Commercial Property Risks
XL Catlin will work with Ventus Risk Management, a newly formed managing general underwriter, to provide commercial property insurance for small and midsize enterprises. Through the partnership, ...
Executives On the Move at Endurance, Brit and Sompo Canopius
A Chubb executive jumps ship to Endurance Specialty Holdings. Specialty Insurer Brit Lt. names some to lead its new Singapore office. Canopius revamps, renames itself and makes some executive ...
Generali Names Interim Chief After Greco Leaves for Zurich
Assicurazioni Generali SpA appointed its Chairman Gabriele Galateri, as acting chief executive officer after CEO Mario Greco decided to quit Italy's biggest insurer to become the head of Zurich ...