Industry News
Ohio Mutual Insurance’s Long-Time CEO is Retiring
Ohio Mutual Insurance Group is on the hunt for a new leader, a process set in motion by the announcement that its long-time president and CEO plans to retire by the end of 2015. Jim Kennedy has been ...
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
The Program Market is Drawing New Interest, But Not All Competition is Good
The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are ...
The Hanover’s Diversification Earns a Standard & Poor’s Ratings Upgrade
The Hanover Insurance Group got a ratings upgrade from Standard & Poor's, which cited continued strategies at the Massachusetts-based insurer designed to reduce risk and improve its bottom line. ...
Ex-AIG Chairman Greenberg Remains Defiant as Fraud Trial Ramps Up
Ex-American International Group Inc. Chairman Maurice "Hank" Greenberg said New York State's pursuit of him through a decade-old fraud lawsuit is a futile waste of taxpayer money, as the two sides ...
Canopius Brings on Ironshore Vet to Lead U.S. Direct Property Growth
Canopius Group Ltd., a global specialty reinsurer, is pursuing U.S. expansion in the direct property sector, and it brought on an Ironshore veteran to get the job done. The company, owned by Japanese ...
China Urged By U.S. Businesses to Delay New Cybersecurity Regs
U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret ...
Berkshire Hathaway Specialty Insurance Hires Rival Execs For Canadian Expansion
Berkshire Hathaway Specialty Insurance is expanding into Canada, and it has named executives from Gen Re, AIG and Chubb to help pursue the company's plan. There are three hires in all: Scott Miller ...