CFO / Financial
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 ...
ING’s Former Canadian P/C Arm Thrives With Fewer Catastrophe Losses
Intact Financial Corp, Canada's largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company's profit last ...
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 ...