ING Canada is in a good position to make an acquisition and has the financial muscle to acquire pretty well any property and casualty insurer in Canada, the chief executive of the home and auto insurer said Wednesday. Speaking to …
The former chief executive at Louisiana’s last-resort insurance company “extravagantly” overspent the firm’s money, with over $100,000 in questionable expenses including first-class airfare, expensive meals and LSU football tickets, state auditors said in a report released Nov. 10. But a …
Willis Group Holdings has appointed Christopher R. Burns as CEO of its Global Employee Benefits Practice. He is based in New York, and will be responsible for the strategic growth and operational oversight of the practice, reporting to Allan Gribben, …
Willis Group Holdings has appointed Phillip Ellis as leader of a new division focused on growing the company’s Enterprise Risk Management (ERM) business for Willis’ Global Retail and Specialty teams. He was most recently Chairman of Willis Energy. In his …
Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each day. “Time is clearly running out,” said Greenberg in a …
Worcester-Mass.-based Hanover Insurance Group Inc. posted a $61.8 million quarterly net loss, as like other insurers it felt the pain of storm and investment losses, but the CEO said his company remains in excellent financial condition. The company reported a …
Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to “cheap capital.” “Taxpayers should be a …
Global insurance broker Marsh, known for handling large and complex accounts, is out to win a share of the $80 billion in insurance premium paid by smaller and emerging growth companies in the U.S. The firm announced last week that …
The nation’s seventh largest commercial lines insurer, CNA Financial Corp., reported a $331 million net loss for the third quarter chiefly due to catastrophe claims and investment losses and said it will receive $1.25 billion from its parent, Loews Corp., …
AIG has named Anthony J. DeSantis as president and CEO of its Personal Auto Group. The Personal Auto Group includes aigdirect.com, the direct personal lines automobile insurance operations of American International Group, Inc. (AIG), AIG Agency Auto, which provides personal …
