KBW News

P&C Reserves Improved Last Year, Pushed by Workers’ Comp

Separate reports by financial analysts concluded that property and casualty carriers improved the condition of their claim reserves in 2018, in large part because of favorable loss development in the workers’ compensation line. Keefe, Bruyette & Woods reported that property …

AIG’s Hancock to Resign Once Successor is Found

Peter D. Hancock, president and chief executive officer, has informed AIG’s Board of Directors of his intention to resign. As part of the transition plan, Hancock will remain as CEO until a successor has been named. The Board of Directors …