CFO / Financial
SAC Manager’s Jury Can Hear of Greed, Not Fainting or Firing: Judge
Mathew Martoma, the former SAC Capital Advisors LP fund manager whose trial begins this week, won rulings limiting the evidence prosecutors can use to try to prove he made $276 million for SAC based ...
British Reporting Rule Change Exposes Transatlantic Cultural Gap
As investors prepare to digest the latest round of company earnings figures, Britain's move to scrap the quarterly reporting requirement has revealed a divergence of opinion between the domestic and ...
Regulation-Fueled ‘Collateral Crunch’ Not Expected in 2014
If pension funds, insurers and sovereign wealth funds were hoping to cash in on lending "high-quality" assets to those scrambling to meet tougher collateral requirements in 2014, they are likely to ...
Fitch Drops Tower Group Rating Another Notch to ‘B’ as RBC Ratios Fall
Fitch Ratings announced Thursday that it downgraded the insurer financial strength ratings of the operating subsidiaries of Tower Group International, Ltd.'s to "B" from "BB." In October 2013, ...
AmTrust Announces First Stock Repurchase Plan Since 2007
AmTrust Financial Services Inc. gained in New York trading Thursday after the insurer's board approved the repurchase of as much as $150 million in shares following a stock slump last month. The ...
Overcapacity Pushing Re Prices Down; Terms and Conditions Soft: Willis Re
Soft market reinsurance conditions are no longer unique to property-catastrophe business, Willis Re said yesterday, pointing to overcapacity as the key driver of Jan. 1, 2014 rates down on most ...
Non-Cat Lines Impacted by Re Rate Drops at 1/1: Guy Carp
Reinsurance brokerage Guy Carpenter reported that its Global Property Catastrophe Reinsurance Rate-on-Line Index fell by 11 percent for the Jan. 1, 2014 renewal and that rate cuts spilled over to ...
Chart-Topping Carrier Management Charts: Top D&O Insurers, Analytics Analysis
In addition to feature articles, news articles, videos and podcasts, Carrier Management published dozens of charts in 2013, the most popular of which featured rankings of insurers. As the year comes ...