American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. “In U.S. commercials lines, we are seeing a rate increase …
Chartis has appointed Tim Carter as chief underwriting officer for the company’s global commercial insurance unit. He will be responsible for underwriting leadership, strategy and governance for the financial lines, specialty, property, casualty and global risks solutions businesses within global …
American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent of its workforce, or roughly 400 or fewer positions. “As part of Chartis’ review of its personnel needs, we have …
AIG’s global property and casualty insurer Chartis continues to see opportunities in Europe despite the sovereign debt crisis, the chief executive of the unit said in an interview last Friday. Peter Hancock also said Chartis is pursuing a strategy of …
In the annals of natural disasters, it doesn’t get much worse than a major hurricane directly striking New York City and Long Island. Hurricane Irene is on a course that will take it up the East Coast from the weekend. …
Three companies are vying to provide workers’ compensation coverage for state agencies. Acting Insurance Commissioner Michael Riley said that that BrickStreet Mutual Insurance Co., Chartis, and Zurich Insurance Co. submitted bids by last Wednesday’s deadline. Riley says the contract is …
U.S. property/casualty insurers reported meaningful reserve redundancies in their 2010 earnings, Moody’s Investors Service said, marking the sixth straight year in which the industry has posted a benefit to earnings. During 2010 P/C insurers, excluding financial guarantors and mortgage insurers, …
David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is mving into his new role as president and chief executive officer of Chartis for the …
Later this month investors will get a chance to buy into the revived American International Group, but dreams of a blockbuster sale have faded with the steady decline in AIG’s shares. The stakes are high for the U.S. Treasury, which …
Chartis, the general insurance subsidiary of American International Group, has announced the results of its cash tender offer by its wholly owned subsidiary, Chartis Japan Capital Company, LLC, for all of the outstanding common shares and stock acquisition rights of …
