CFO / Financial
Public Company Audit Board Revives Partner Disclosure Proposal
The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits. The Public ...
Hard Market Will Come; Question Is When, Swiss Re Says
In its latest sigma report forecasting profits and premium growth for insurers over the next two years, Swiss Re says the eventuality of a hard market is a given—it's just a matter of when. ...
Fitch Predicts Double-Digit Cuts in January U.S. Cat Re Prices
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, Fitch Ratings says. Noting that the ...
In Cost Cutting Move, Zurich Insurance Lays Off 53 in Middle East
Zurich Insurance Group AG, Switzerland's biggest insurer, fired 53 people across its general insurance operations in the Middle East as part of cost- cutting plans. "Fifty-three people were made ...
Left and Right Are Both Wrong About Regulation: Bloomberg View
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan's ...
New York Moves to Settle Workers Compensation Trusts’ Debts
The New York Dormitory Authority is borrowing $370 million this week to repay workers' compensation claims, the first sale under a regulatory overhaul that Democratic Governor Andrew Cuomo said will ...
Zurich Insurance Seeks to Boost Investor Confidence, May Lower Target
Zurich Insurance Group AG Chief Executive Officer Martin Senn will probably reduce a profitability target after Switzerland's biggest insurer said it may struggle to meet some goals set in 2010. ...
Runoff Specialists No Longer Buyers of Last Resort in Insurer M&A
Runoff specialists are increasingly becoming visible acquirers of ongoing books of business as M&A activity heats up across the insurance industry, according to a consultant from Towers Watson. ...