Auto Losses Seen Cutting P/C Insurance Profits Until 2016 August 10, 2015 By Andrew G. Simpson The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change...
Insurance Trade Press Editors Address Future of Print Media at IMCA August 7, 2015 By Andrew G. Simpson Insurance trade press editors told industry marketing and communications professionals that, despite the rush of readers and advertisers to digital,...
Auto Claims Hit Allstate’s Q2 Results August 5, 2015 By Andrew G. Simpson Allstate Corp. reported net income fell to $355 million in the second quarter, down from $645 million, as the insurer...
Schnitzer to Become CEO of Travelers as Fishman Steps Down August 4, 2015 By Andrew G. Simpson The Travelers Companies Inc. today announced that Alan D. Schnitzer will succeed Jay S. Fishman as chief executive officer, effective...
AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb August 4, 2015 By Andrew G. Simpson American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared...
The New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg August 3, 2015 By Andrew G. Simpson The new company formed as a result of ACE Limited’s $28 billion acquisition of The Chubb Corp. will continue the...
MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation July 29, 2015 By Andrew G. Simpson Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC)...
The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook July 28, 2015 By Andrew G. Simpson The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144...
New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg July 23, 2015 By Andrew G. Simpson The new company formed as a result of ACE Limited’s acquisition of The Chubb Corp. will continue the Chubb practices...
ACE to Acquire Chubb in $28.3 Billion Deal July 20, 2015 By Andrew G. Simpson In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock....