Industry News
Move Over Hancock? Icahn Seeks to Shake Up AIG
Billionaire investor Carl Icahn said he may seek to shake up leadership at American International Group Inc. after Chief Executive Officer Peter Hancock rebuffed his plan to split the insurer into ...
Actuaries vs. Underwriters: Can Analytics Bring Them Together?
It's bad enough that property/casualty insurance companies are trying to fend off competitors in their own industry—and potential disrupters from outside—both vying to steal good risks away at ...
Executives On The Move at Markel, Kemper, Validus and State Auto
We have a changing of the guard to tell you about involving the leadership at Markel Corp., Kemper and Validus Holdings. Meanwhile, the new leader of State Auto Financial Corp has been named chairman ...
ACE Discloses New Round of Post-Chubb-Merger Appointments
ACE Ltd. disclosed yet another slate of executive appointments, most of which become effective after its $28 billion merger with Chubb closes in the 2016 first quarter. Among them is John Keogh. He's ...
Attorney: Hank Greenberg Would Consider Investing in AIG
Maurice "Hank" Greenberg, who spent four decades at American International Group Inc., would consider investing in the insurer he helped build into the world's largest before the financial crisis, ...
Proposed Solvency Rules Give Lloyd’s, Other British Insurers Key Exemption
Britain's biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union ...
Just 4 Percent of Millennials Say They Want Insurance Careers: The Hartford Survey
As property/casualty insurers continue a quest to attract younger, millennial employees, a new survey underscores how difficult their task continues to be. Just 4 percent of millennials see insurance ...
Allstate’s October Pre-Tax Cat Losses Hit $172M
Allstate Corp. reported $172 million in estimated pre-tax catastrophe losses for October, stemming in part from higher than anticipated reported claims during the winter in early 2015. Broken down, ...