Performance
Hartford CEO McGee Steps Down for Medical Reasons
Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who repaid the insurer's bailout and is stepping down after a medical procedure. ...AIG Mulling Big Expansion of Massive Share Repurchase
American International Group Inc., the largest commercial insurer in the U.S. and Canada, said it may repurchase as much as an additional $2 billion of common stock after selling its aircraft-leasing ...
Travelers CEO Jay Fishman Crows About Big Returns vs. Banks
Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer's history of posting better returns than banks and other large financial companies amid a period of increased Wall Street ...
Cat Bonds, Emerging Risks and More at S&P’s Annual Insurance Gathering
Cat bond issuances are hitting record levels, leaving the industry with questions about how long alternative capital will keep pouring into the reinsurance market. That idea emerged during the ...
UPC to Take Over Policies of Florida’s Insolvent Sunshine State
Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer's 37,000 policies. A Leon County ...
Aon Sees a Steady D&O Market Despite Q1 Price Dips
Directors and officers liability insurance pricing dropped nearly 5 percent during the 2014 first quarter compared to the same period a year ago, Aon's Financial Services Group concluded in a new ...
Allied World Gains Australian Beachhead
Switzerland's Allied World Assurance Company Holdings, AG is continuing its expansion in the Asia Pacific region with the launch of a new office in Australia. Allied World said in a press release ...
Standard & Poor’s Sees a Stable Global Market, Save For Reinsurance
As of mid-2014, worldwide pricing is softening in the reinsurance sector. At the same time, however, conditions have stabilized and even improved for most global insurers, Standard & Poors ...