Loews profit rises on strong premiums and investment income; names new CEO

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James Tisch Berita

Insurance Premiums,Loews,Quarterly Profit

The company also reported a 2.5% jump in its quarterly profit, helped by a rise in insurance premiums and higher returns on its investments. The New York...

- Loews said on Monday that James Tisch will hand over the CEO role to his son after 25 years at the helm. The company also reported a 2.5% jump in its quarterly profit, helped by a rise in insurance premiums and higher returns on its investments.His son Benjamin Tisch currently serves as the company's senior vice president, corporate development and strategy.

The company earns most of its revenue from its insurance unit CNA, in which it holds about 92% stake. CNA reported a 6.5% jump in its second-quarter revenue. U.S. Patent Trial and Appeal Board Institutes Inter Partes Review Based on Geneoscopy’s Petition Challenging Validity of ‘781 Patent Owned by Exact Sciences

 

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