Industry News
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...
CEO Insight on Insurance M&A Drivers: From Fine Wine to Snapple
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2016 But even though insurance and reinsurance leaders these days deliver long lists of seemingly more compelling and logical reasons for ...
Casserley to Leave Willis Towers Watson at Year-End
Dominic Casserley, president and deputy CEO of Willis Towers Watson, will leave the company when his employment agreement ends on Dec. 31, 2016, the global advisory and broking company confirmed on ...
Former Vt. Regulator Joins NCCI as Chief Regulatory Services Officer
Susan Donegan has been named as the new chief regulatory services officer for the NCCI. Donegan assumed the position on Sept. 19, and succeeds Helen Westervelt, who announced her retirement in ...
Chinese M&A Continues; Billionaire Investor Moves to Snag Genworth
China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth ...
Carrier Climate Change Risk Disclosure Has Improved: Ceres Analysis
Insurers in the United States are increasingly willing to disclose their risk management practices related to climate change, according to a new report suggesting that last year's global accord in ...
AAMGA, NAPSLO Exploring Merger
The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one ...
Former Chubb Exec Robusto Set to Succeed CNA’s Motamed Next Month
Former long-time Chubb executive Dino E. Robusto will assume the roles of chairman and chief executive officer on November 21, 2016 at CNA, succeeding Thomas F. Motamed, who is retiring after eight ...