CEO / Chief Executive
State Farm Stronger as Underwriting Losses Shrink—But Not in California
After reporting a $13 billion underwriting loss in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss last year—but the total for 2024 was less than half of those prior ...
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable
A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention ...
Casualty Reinsurance Still Attractive: Arch CEO
While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his ...
Startup Aims to Be Big ‘Permanent’ Player in Florida Property Market
Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with RenaissanceRe as chief legal officer and executive vice president. He is now turning that experience to Mangrove ...
Markel’s Board Commencing Review of Go-Forward Business Structure
In spite of reporting operating earnings of $3.7 billion for 2024, Markel Group announced that the holding company for insurance and other businesses has decided to conduct a review of its business, ...
Property-Cat Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs
RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe ...
How Competitive Is E&S Property? Exec Views Vary
E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in ...
Everest Group Boosts Casualty Loss Reserves $1.7B
Everest Group, Ltd. pre-announced full-year 2024 earnings yesterday, disclosing about a 45 percent drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The ...