CFO / Financial
SEC, CFTC Penalties More Than $92M Greater With Whistleblower Tipoffs
Promoting and maintaining financial fraud whistleblower programs, such as those of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), is costly. Cases ...
Whistleblower Tips Up in 2014: SEC
The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...
RenaissanceRe’s CFO Will Also Assume COO Duties
RenaissanceRe Holdings is dealing with some changes in a few of its executive leadership slots. Executive Vice President and CFO Jeffrey Kelly will become chief operating officer but also continue as ...
CEOs Traveling to Asia Targeted by ‘Darkhotel’ Cyber Spies
Business executives traveling in Asia and elsewhere have become victims of malware called Darkhotel, a bug that targets guests of high-end hotels through their networks, a computer-security firm ...
Underreserving, Balance Sheet Fundamentals Taking a Back Seat in Rating Agency Analyses
Loss and loss adjustment expense (L&LAE) reserving and reported income are but two components of a thorough, all-encompassing rating agency analysis of an insurer. Today, more than ever before, ...
‘Industry’ Loss Reserve Studies Not Meaningful: Demotech Analysis
Insurance literature is replete with articles, analyses, studies and discussion documents related to industry loss and loss adjustment expense (L&LAE) reserves, the impact of L&LAE reserve ...
Top 10 Insurance Asset Managers Revealed; Market Forces Heighten Competition
Prior to the climactic year of 2008, insurance investment outsourcing had already been growing in a healthy fashion, but the financial crisis and ensuing developments have prompted greater sharing of ...