CFO / Financial
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 ...
For P/C Carrier CFOs, It’s Time to Revisit Reinsurance Buying Strategies
Capital levels in the property/casualty insurance sector can be ambiguous. As in other industries, capital can be fungible or trapped, liquid or illiquid, affected by prevailing asset values, ...
Well-Connected CEOs Lead Companies into Bad M&A Deals
Chief executive officers with extensive social connections to board members, executives at other firms, bankers and other financial market participants initiate mergers and acquisitions more ...
ACE Women’s Forum: Setting the Stage for Inclusiveness
At ACE, we have long recognized that the business case is strong for a diverse leadership pool and, as a result, we continue to help cultivate the careers of many professional women who can step into ...
XL Group Fills Major Executive Slot
XL Group, a global insurance and reinsurance company, has hired from within to fill a crucial executive position. Michael Garceau will now be chief financial officer of XL Group's global insurance ...
In Venezuela, Oil Price Plunge Makes Debt Insurance Costs Soar
The cost for insuring Venezuelan sovereign debt against default or restructuring surged on Wednesday as global oil prices swooned to a 27-month low before rebounding, illustrating rising investor ...