CFO / Financial
Most Employees Don’t Trust the Boss; Mistrust Impacts Growth, Innovation: Research
More than half of the people surveyed give their organizations low marks for trust and effective leadership, according to a consulting firm specializing in workplace performance improvement. ...
CNA Wants 11,000 Former Employees to Give Up Their Pensions
CNA Financial Corp., the commercial insurer majority-owned by Loews Corp., offered lump-sum payments to 11,000 former employees to encourage them to give up their pensions. The program could reduce ...
CEO Pay for Nonbank Financial Services Up More than 30 Percent: BDO
CEO compensation for financial services executives outside of the banking space jumped 31 percent from fiscal year 2012 to fiscal year 2013, according to the latest report from professional services ...
Fairfax’s Watsa Says Deflation ‘In the Air’
Prem Watsa is betting on U.S. government debt at his Fairfax Financial Holdings Ltd. to guard against deflation amid stagnation in European economies and slumps in commodity prices and Chinese real ...
Chubb Tells SEC It Has No Direct Ties to ‘Adjusters’ in Syria
Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of ...
Hartford Offering Lump Sum Pension Buyouts to 13,500 Former Employees
Hartford Financial Services Group Inc. is working to reduce its retirement obligations by paying former employees to give up their pensions. Last month, the insurer offered voluntary lump-sum ...
Capital and Culture Have Changed Reinsurance Broking for Good
The influx of new capital has profoundly changed the reinsurance marketplace. It has lowered reinsurance rates, improved terms and conditions, and impacted reinsurer profitability. The same influx of ...
Evaluating Capital Needs
According to Standard & Poor's, some of the more common modeling techniques insurers use to evaluate their capital needs are: Stress tests, or extreme scenarios used to evaluate risk-bearing ...