Articles by Mark Hollmer

CEO Greenberg Confident Most Top Talent, Agents Will Stay with New Chubb

Chubb Chairman and CEO Evan Greenberg believes opportunity and incentives will encourage most executives to stay with the insurer in the wake of its recently completed mega-merger. “I don’t kid myself. We’re not going to keep everybody,” Greenberg said during …

New Travelers CEO Schnitzer Stresses Continuity, Innovation in Earnings Call Debut

The Travelers Companies held its first earnings call under new CEO Alan Schnitzer on Jan. 21 with the property/casualty carrier’s executives putting forth a message of continuity and normalcy, even in the face of a fast-evolving market. Schnitzer, formerly head …

Scottsdale’s Miller Departs to Lead Nationwide’s Venture Arm

Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has quietly moved onto a new executive role with corporate parent Nationwide, where he’ll manage and spearhead strategic investments for the insurance giant. Miller is the new …

Preliminary Insured Loss Estimate from Texas Tornadoes: $1.2B

Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the Dallas metro area on Dec. 26, 2015, and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The …

Insured Loss Estimate from Texas Tornadoes at $1.2B, So Far

Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The group based …

Scottsdale Insurance’s Miller Departs to Lead Parent Nationwide’s Venture Arm

Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has quietly moved onto a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic investments for the insurance giant. Miller is the new …

Cyber, Property Risks Not Easily Separated: Security Expert

The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily separate cyber risk and property/casualty risk anymore,” FireEye …

Cyber, Property Risks Not Easily Separated: Security Expert

The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, according to a network security expert. “I don’t think we can easily separate cyber risk and property/casualty risk anymore,” FireEye …

Reinsurance Price Drops Moderating? Yes and No, Say Rating Agencies

Two of the property/casualty insurance industry’s ratings entities – Fitch and Standard & Poor’s – do not see eye-to-eye on whether reinsurance price declines are moderating. Fitch sees the downward trend letting up, but S&P finds that pricing pressures from …

Incoming, Outgoing Travelers CEOs See Smooth Transition, Talk M&A

Departing Travelers Insurance 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 smooth transition. The Travelers Companies announced on Aug. 4 that Fishman …