CFO / Financial
Fitch Revises Global Re ‘Sector’ Outlook to Negative; Rating Outlook Stable
On Friday, Fitch Ratings announced a dimmer "sector outlook" for global reinsurers—changing it to negative from stable, pointing to increased concerns over COVID-19. Rating agencies like Fitch ...
AM Best Pandemic Stress Test Announced
Although AM Best believes property/casualty insurers won't be as severely impacted by the COVID-19 pandemic as life and annuity players, the rating agency said yesterday that it will be ...
P/C Innovation Leaders Scarce, AM Best Finds; Reinsurers Reign
In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, ...
Coronavirus Crisis Hits Insurers With Double Whammy
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy — a sharp rise in payouts at a time of big ...
Tractable’s AI-Focused Disaster Recovery Tech Has Global Possibilities: CEO Dalyac
Now that Tractable has nailed down $25 million in new venture financing, founder and CEO Alex Dalyac's growth plans are kicking in. The InsurTech startup, launched in 2014, develops artificial ...
CNA Chooses Miralles as Its New CFO
CNA's CFO slot has a new person in the role. The Chicago-based property/casualty insurer said it appointed Al Miralles as executive vice president and chief financial officer. He replaces James ...
Allianz Raises Guidance After Profit Jump
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was ...
Remaking AIG: CFO Describes Changes in Underwriting, Distribution and More
When American International Group's chief financial officer spoke about "managing change in an evolving insurance industry" at a rating agency conference in November, Mark Lyons focused much of his ...