U.S.
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...
A Robust Start: Aon Benfield’s Take on Q1 Cat Bond Issuance
Catastrophe bond issuance made a robust start during the first quarter of 2017 with seven catastrophe bond transactions that totaled US$2.17 billion, according to a report from Aon Securities, the ...
The Latest Launches From Chubb and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance rolled out its new Employment Practices Liability policy in Canada – part of a series of policies it offers there for executives. Chubb created a product ...
Investment Income Helped Boost CNA’s Q1 Results
CNA Financial Corp. saw big gains in its 2017 first quarter net income, mostly coming from a boost in net investment income and lower underwriting expenses. Net income for Q1 came in at $260 million ...
Lehman Pursues $2B in Alleged ‘Phantom’ Citi Fees as Trial Starts
Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is ...
The Hartford CEO Swift Open to Larger Acquisitions That ‘Accelerate’ Existing Growth Plans
The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy M&A deal in mid-2016. ...
The Hartford Performs Well in Q1, Despite Higher Personal Auto Losses
The Hartford scored with its 2017 first quarter net income, despite higher weather, fire and personal auto loss costs. Investment income and lower net realized capital losses helped shape the better ...
Insurance Startup Root Hires Ex-State Auto Exec Powell as Its CFO
Insurance startup Root is tapping a former State Auto executive Cindy Powell as its chief financial officer. Powell had been at State Auto Insurance Companies for 26 years, and served as its first ...