CFO / Financial
Premium Growth Continues for 14th Straight Quarter, WC to Lead in 2014
Although the growth in industry total net property/casualty insurance premiums slowed in the third-quarter, an unbroken string of quarterly hikes is longer than a prior period of back-to-back ...
Federal Financial Crisis Warning Office Struggles to Be Relevant
In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis. The idea was ...
Nine-Month Results Show P/C Industry Headed for Best Post-Crisis Year
With a combined ratio of 95.8 through nine months translating into $10.5 billion of underwriting profit, the U.S. property/casualty insurance industry is on track to report its best year in the ...
A.M. Best Affirms Duperreault’s Hamilton Re, Ltd. at A-Minus
Rating agency A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Hamilton Re, Ltd. ...
Milliman to Acquire Pension Actuarial Firm McGinn Actuaries Ltd.
Milliman, Inc. announced on Monday that it is acquiring McGinn Actuaries Ltd., an Anaheim-based consultancy specializing in multiemployer pension plans. The acquisition will enhance Milliman's ...
A.M. Best Cuts Tower Group Rating to B from B++
On Friday, A.M. Best Co. announced that the rating agency has downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) of the pooled and reinsured members of the Tower US Pool. The ...
Allstate to See $100-$125M Pension Settlement Charge in 4Q
The Allstate Corporation announced Thursday that it expects to report a fourth-quarter 2013 settlement charge of $100 to $125 million, after-tax, related to the annual measurement of its pension ...
Ex-AIG Executives Greenberg, Smith Pursue New York Ethics Complaint
Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. ...