CFO / Financial
Zurich Insurance Policy Lowers Banks’ Operational Risk Capital Needs
Zurich Insurance Group AG, Switzerland's biggest insurer, plans to offer banks a way to lower the amount of capital they need to hold for operational risks such as employee misconduct as regulators ...
AmTrust Refutes Negative Report on Accounting, Says Future ‘Never Been Brighter’
AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its ...
Hartford May Sell Remaining Corporate-Owned Life Insurance Business
Hartford Financial Services Group Inc., the insurer which rebuffed an activist's calls to split into two companies last year, is considering a sale of a business that offered companies life insurance ...
S&P Cuts RSA Insurance Credit Rating Citing ‘Weakening’ Management
RSA Insurance Group Plc may be set for more downgrades, threatening its ability to retain commercial clients, after Standard & Poor's cut its credit rating to the lowest in more than a decade. ...
UBS Not Liable for Touting Risk Controls Breached by Rogue Trader
U.S. securities laws have their limits and do not justify making UBS AG liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3 billion of ...
Reinsurance Pricing Dropping Faster than Expected: Nomura
In a research note published late last week, analysts at Nomura Equity Research reported that prices for Jan. 1 reinsurance renewals are falling faster than expected, with some U.S. property ...
Swiss Re’s George Quinn to Join Zurich as CFO
George Quinn will step down from his role as group chief financial officer at Swiss Re, effective April 30, 2014, and will assume the post of chief financial officer and member of the group executive ...AIG Selling Aircraft Leasing Firm for $5 Billion
American International Group Inc. agreed to sell the world's second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a group of Chinese bidders missed deadlines to purchase the ...