U.S.
Zurich Sees Profits Shrink, Raising Pressure on CEO to Bid for RSA
Zurich Insurance Group AG Chief Executive Officer Martin Senn is under increased pressure to buy RSA Insurance Group Plc after the two companies reported earnings. Second-quarter profit at ...
New SEC Rule: Companies Must Report CEO-to-Worker Pay Ratio
The U.S. Securities and Exchange Commission approved a rule Wednesday requiring companies to reveal the pay gap between the chief executive officer and their typical worker, handing a new weapon to ...
Allstate’s Wilson Cites Esurance Improvements, But Struggles Remain
For Allstate, the bid to make its online auto and home insurance provider Esurance a profitable endeavor remains a long-term goal. But the 2015 second quarter showed some moderate progress. Esurance ...
Travelers CEO Fishman, and Schnitzer, His Successor, Reassure Investors
Departing Travelers CEO Jay Fishman and his designated successor, Alan Schnitzer insist that that the change won't be wrenching, and that the property/casualty insurance giant will experience a ...
Warren Buffett’s 50th Year Running Berkshire Hathaway Marred By Stock Slump
Berkshire Hathaway Inc. shares traded near record highs at the beginning of Warren Buffett's 50th year running the company. More recently, the stock has begun to sag. Shares have slumped 5.2 percent ...
Munich Re Steps Into U.S. Private Flood Insurance Market
Munich Re's U.S. arm sees growth potential in the private flood insurance market. The German reinsurer is launching a personal lines inland flood insurance product targeted at giving more options to ...
AmTrust Expands With Plans to Snatch Up Dutch Reinsurer for $167.9M
AmTrust Financial Services is snatching up a Dutch reinsurer of surety and trade credit insurance for more than $167.9 million. The multinational insurance holding company said it will pay at least ...
Travelers’ Fishman, Suffering From ALS, Will Step Down as CEO Dec. 1
Jay Fishman is stepping down as CEO of The Travelers Companies on Dec. 1, due to a neurodegenerative condition that appears to be a form of ALS. Alan Schnitzer is set to replace him as chief ...