Mark Hollmer

/Mark Hollmer

About Mark Hollmer

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So far Mark Hollmer has created 15 blog entries.
8 08, 2019

AIG’s P/C Business Delivers on CEO’s Underwriting Promise

By | August 8th, 2019|Uncategorized|Comments Off on AIG’s P/C Business Delivers on CEO’s Underwriting Promise

American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer’s General Insurance unit will produce an underwriting profit for all of 2019, after a decade of losses. His promise has now come true for the second …

26 04, 2019

Battle of Words Continues Between Argo Group and Activist Shareholder

By | April 26th, 2019|Uncategorized|Comments Off on Battle of Words Continues Between Argo Group and Activist Shareholder

An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and questions whether the trips were exclusively for business purposes. So goes the latest salvo fired against the company in advance …

19 02, 2019

Suit Questions Maiden Holdings’ Handling of AmTrust Portfolio Risks

By | February 19th, 2019|Uncategorized|Comments Off on Suit Questions Maiden Holdings’ Handling of AmTrust Portfolio Risks

Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. The complaint alleges that Maiden didn’t disclose material information, and the …

28 11, 2017

Guy Carpenter Chairman Newhouse to Retire at Year End

By | November 28th, 2017|Uncategorized|Comments Off on Guy Carpenter Chairman Newhouse to Retire at Year End

Guy Carpenter Chairman Britt Newhouse is retiring at the end of 2017, a company spokesperson has confirmed. Newhouse has been chairman of the reinsurance broker/strategic advisory firm as part of leadership changes at the unit in 2008. Newhouse joined Guy …

27 11, 2017

Slew of Republican Judicial Appointments Could Bode Well for D&O Insurers

By | November 27th, 2017|Uncategorized|Comments Off on Slew of Republican Judicial Appointments Could Bode Well for D&O Insurers

Directors and officers (D&O) insurance has faced major losses in recent years, due in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new judicial appointments through the Republican-led Congress could …

20 09, 2017

XL Group Picks Dublin for Post-Brexit EU Headquarters

By | September 20th, 2017|Uncategorized|Comments Off on XL Group Picks Dublin for Post-Brexit EU Headquarters

XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer (parent company of XL Catlin) …

21 03, 2017

Departing AIG CEO Gets No Bonus But Will Get $5 Million to Stay Until Successor Arrives

By | March 21st, 2017|Uncategorized|Comments Off on Departing AIG CEO Gets No Bonus But Will Get $5 Million to Stay Until Successor Arrives

Peter Hancock is getting $5 million in cash to stay on as American International Group’s chief executive officer while the board searches for his replacement. But the insurer’s departing president and CEO will forgo his bonus, according to recent regulatory …

21 08, 2016

Former Travelers CEO Fishman Dies

By | August 21st, 2016|Recent Articles|Comments Off on Former Travelers CEO Fishman Dies

Jay Fishman, executive chairman and former CEO of The Travelers Companies, has died. The company he transformed into a major industry player and led for years disclosed the news on Aug. 19. “We are greatly saddened by the loss of …

19 08, 2016

CNA to Merge Central Zone Field Operation Into Others as Vezzosi Retires

By | August 19th, 2016|Recent Articles|Comments Off on CNA to Merge Central Zone Field Operation Into Others as Vezzosi Retires

CNA plans to eliminate its Central zone branch network as a standalone zone and realign it into the property/casualty insurer’s other remaining U.S. market territories, according to Carrier Management. The Chicago-based insurer explained in a statement issued to Carrier Management …

20 07, 2016

AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

By | July 20th, 2016|Recent Articles|Comments Off on AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures

AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks. The insurance giant is marketing CyberEdge Plus as offering primary protection for property damage, bodily injury, business interruption, product liability …