CFO / Financial
W.R. Berkley Q4 Profit Declines 21%; Underwriting Improves
W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income ...
ACE CEO Greenberg Says Buybacks Won’t Lessen Commitment to Growth
ACE Limited Chief Executive Officer Evan Greenberg, who typically shunned share repurchases as he focused on expansion and buyouts, said the authorization of additional buybacks won't halt his ...
Hiscox, Beazley Join Forces to Offer $50M of D&O Capacity
Lloyd's of London insurers Beazley and Hiscox have partnered to offer brokers and clients a D&O consortium through which the syndicates will provide materially higher limits and offer additional ...
Executive Ed Program Starts March 30 as The Institutes, Darden School Team Up
The Institutes have partnered with the University of Virginia's Darden School of Business to offer an Executive Education program designed for senior-level managers in the property/casualty insurance ...Analysts Say Travelers Results Signal Pricing Trend; CEO Fishman Not So Sure
The Travelers Cos.' earnings, one of the first major insurance earnings to be reported each quarter, are often closely observed by industry participants as a bellwether for marketplace trends. And ...
How Past Experience Heightens Perceptions of Disaster Risks
People who have experienced a disaster such as an earthquake, flood, or terrorist attack have a heightened perception of the risks posed by these and, in some cases, unrelated risks, according to a ...
Bloomberg News Upheld in Publishing Transcript of Secret Analyst Call
In a victory for financial news media, a U.S. appeals court said Bloomberg LP acted lawfully when it secretly obtained a recording of a conference call between Swatch Group SA and securities analysts ...
Consolidating Reinsurance Towers to Gain Efficiencies
In addition to raising capacity and lowering reinsurance prices, the influx of new capacity from the capital markets is driving more flexible reinsurance terms and efficiencies that primary insurers ...