CFO / Financial
1990s Soft Market Redux? Not Quite, But Global Re Outlook Negative, Says Moody’s
In June, Moody's Investors Service changed its outlook on the global reinsurance sector to negative from stable, noting that the current soft market has traits similar to the one that persisted in ...
Endurance Reacts to Latest Rejection from Aspen
Characterizing details of an announcement by the board of Aspen Insurance Holdings rejecting another cash-stock offer from Endurance as "combative," Endurance offered its own view of what it termed ...
Wind Park, Power Grid Investments Causing Solvency II Headaches for EU Insurers
Insurance regulators in Europe won't relax rules designed to protect customers from risks to investments in structures like wind parks and power grids, the head of the industry's watchdog said. ...
Industry Loss Reserve Redundancy Disappearing: Aon Benfield Analysis
According to an analysis published by Aon Benfield, loss reserves held by U.S. property/casualty insurers for commercial lines are deficient by $2.8 billion, with workers compensation coming in ...
Executive Changes Announced at GR-NEAM
On Tuesday, Gen Re announced several planned organizational changes at GR–NEAM prompted by Gerard (Jerry) Lynch's announcement that he will be retiring Dec. 31, 2014. Effective immediately: ...
Business Urging Delaware Lawmakers Not to Block ‘Loser-Pays’ Bylaws
Big Business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which legal experts say could curtail a booming type of investor class actions. ...
Let’s Dance, Say Reinsurance Leaders With Mergers on Their Minds
Even though his appetite is temporarily sated from two key acquisitions in recent years, the leader of SCOR says the M&A "dancing floor will be open" across the reinsurance industry going ...
Will New CEO Christopher Swift Continue The Hartford’s Current Path?
Who is Christopher Swift? Will he be the CEO that Hartford Financial Services Group needs as it continues its revamp, focusing more heavily on its P/C group and mutual funds divisions in the months ...