Mark Hollmer

/Mark Hollmer

About Mark Hollmer

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So far Mark Hollmer has created 8 blog entries.
14 02, 2020

AIG Maps Out Major Investment in Technology, Core Processes

By | February 14th, 2020|Uncategorized|Comments Off on AIG Maps Out Major Investment in Technology, Core Processes

American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology infrastructure and services. The company has broken down the effort …

8 11, 2019

Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss

By | November 8th, 2019|Uncategorized|Comments Off on Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss

The day after Argo Group International Holdings announced CEO Mark Watson III was retiring “immediately,” investors seemed ecstatic, driving the company’s stock price up 5.6 percent on Nov. 6. Watson’s departure as CEO is a good thing for the bigger …

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 …

23 06, 2016

‘Systemically Important’ Label Can Be Avoided: Fitch

By | June 23rd, 2016|Recent Articles|Comments Off on ‘Systemically Important’ Label Can Be Avoided: Fitch

Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The International Association of Insurance Supervisors, a global standard setting …

18 12, 2015

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

By | December 18th, 2015|Recent Articles|Comments Off on 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 …

19 11, 2015

Cyber, Property Risks Not Easily Separated: Security Expert

By | November 19th, 2015|Recent Articles|Comments Off on 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 …

1 09, 2015

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

By | September 1st, 2015|Recent Articles|Comments Off on 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 …

The article Reinsurance Price Drops Moderating? Yes and No, Say Rating Agencies appeared first on Insurance Journal.

30 07, 2015

Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity

By | July 30th, 2015|Recent Articles|Comments Off on Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity

W.R. Berkley Corp.’s chairman and CEO slammed the surge of merger and acquisition activity hitting the property/casualty industry in recent months as something driven more by “management ego” than true business needs. “Consolidation that is happening now is frequently about …

The article Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity appeared first on Insurance Journal.