CEO / Chief Executive
Records Reveal Fed Difficulty During Heat of 2008 Financial Crisis
Federal Reserve policymakers, in a tense meeting on one of the darkest days of the financial crisis, worried Lehman Brothers' failure would wreak havoc on a teetering financial system but feared ...
Falling Prices Advantage Large Reinsurers, Pressure Smaller Firms
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers ...
Republican Plan Includes Asset Tax for Largest Insurers, Banks
The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress's top Republican ...State Farm $3M Gift Creates Wilson Chair at American Enterprise Institute
State Farm has donated $3 million to the conservative, pro-business think tank American Enterprise Institute (AEI) in Washington, D.C. to create a research chair in the name of the late political ...
Most Profitable Insurer Piggybacks on Bank Sales Channel
BB Seguridade Participacoes SA's strategy of piggybacking on its corporate parent's 5,400 bank branches to sell policies is making it the world's most profitable insurer. The company will post a 44 ...
Retiring CEOs Issue Optimistic Earnings Forecasts, Study Finds
Retiring chief executive officers issue earnings forecasts more frequently during their final year of employment, and these forecasts tend to convey good news—to be optimistically biased—than ...
Business Wire to Stop Selling Direct Access to High-Frequency Traders
Business Wire will no longer let high-frequency trading companies buy potentially market-moving press releases directly from the Berkshire Hathaway unit. In consultation with billionaire investor ...
USAA CEO and President Robles Retiring in 2015
On Friday, USAA CEO and President, Maj. Gen. Josue "Joe" Robles Jr., U.S. Army (Ret.), announced that he will retire from USAA in the first quarter of 2015. "It has been my privilege to work at USAA ...