CFO / Financial
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 ...
RSA Insurance Ireland CEO Lee Resigns After Another Lower Profit Warning
RSA Insurance Group Plc Chief Executive Officer Simon Lee quit after warning for the third time in six weeks that profit will be lower as the insurer injected more capital into Ireland amid an ...AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C.
North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C. With the new technology center, AIG plans to ...
U.S. Authorities Nearing $2B Settlement with JPMorgan on Madoff Violations
JPMorgan Chase & Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, ones that would involve $2 billion ...
AmTrust Declines After GeoInvesting Challenges Accounting
AmTrust Financial Services Inc., the insurer that bought an auto-warranty business from Ally Financial Inc., plunged in New York trading after GeoInvesting challenged the company's accounting. ...