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Loews Corporation (L)

40.25 Up 0.17(0.42%) 4:02PM EDT
|After Hours : 40.30 Up 0.05 (0.13%) 4:11PM EDT
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Loews Corporation
667 Madison Avenue
New York, NY 10065
United States - Map
Phone: 212-521-2000

Index Membership:N/A
Industry:Property & Casualty Insurance
Full Time Employees:16,700

Business Summary 

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. Its commercial property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workersÂ’ compensation, general and product liability, commercial auto, and umbrella coverages. The company also provides loss-sensitive insurance programs; and risk management, information, and claims administration services; and underwrites short-tail exposures in energy and marine, specialty lines products, and other products, as well as offers long term care and life settlement contracts. It markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters to various customers. In addition, the company owns and operates 32 offshore drilling rigs consisting of 23 semisubmersible rigs, 5 jack-ups, and 4 drillships for companies engaged in the exploration and production of hydrocarbons. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs), and gathering and processing of natural gas. It owns and operates natural gas pipelines covering approximately 14,090 miles of interconnected pipelines; approximately 435 miles of NGL pipelines in Louisiana and Texas; and underground storage fields with aggregate working gas capacity of approximately 205.0 billion cubic feet of natural gas. Additionally, it operates 24 hotels in the United States and Canada. The company was founded in 1954 and is headquartered in New York, New York.

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Corporate Governance 
Loews Corporation’s ISS Governance QuickScore as of May 1, 2016 is 8. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 1; Compensation: 9.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. James S. Tisch , 63
Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Member of Fin. Committee, Chairman of Diamond Offshore and Director of CNA
Mr. David B. Edelson , 57
Chief Financial Officer and Sr. VP
Mr. Kenneth I. Siegel , 59
Sr. VP
Mr. Richard Waldo Scott J.D., 63
Chief Investment Officer and Sr. VP
Mr. Mark S. Schwartz , 62
Chief Accounting Officer and VP
Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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