CFO / Financial
Workers’ Compensation Results Improved in 2012: A.M. Best
The workers' compensation industry's results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and claims frequency declined at a faster rate than severity ...
State Farm Sold 23 Buildings in Leaseback Deal with Lone Star
Lone Star Funds, the private-equity firm led by Chairman John Grayken, bought 23 buildings from State Farm Mutual Automobile Insurance Co. and will lease them back to the largest U.S. ...
What Makes a Successful P/C Carrier CIO—and How to Know If You Have One
Triumphant Mutual and Victorious Insurance Co. seem like two peas in a pod. They're similarly sized property/casualty insurers that write personal lines and small-business insurance. But look closer. ...
Insured Loss for Midwest Tornadoes Could be $1B: RMS
The tornado outbreak that occurred on Nov. 17 could become the insurance industry's first billion-dollar severe weather event to occur in November, according to RMS. The catastrophe modeling firm ...
Tower Update: We Will Meet Obligations, CEO Says
A day after Tower Group International Ltd. disclosed "substantial doubt about the company's ability to continue as a going concern," a letter from the carrier's CEO reassured business partners that ...
Zurich Insurance Investing $1 Billion in Green Energy Bonds
Zurich Insurance Group AG, Switzerland's biggest insurer, said it will spend as much as $1 billion on green bonds, making it the largest investor in such clean-power securities. The insurer has ...
Allianz Expects Boost from Asia, Brazil, East Europe Markets and Cyber Liability, Energy Products
Allianz SE, Europe's biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. ...
California State Fund CEO and CFO Resign
Two top executives at California's State Compensation Insurance Fund have resigned. State Fund President and CEO Tom Rowe and Chief Financial Officer Dan Sevilla will resign from State Fund, the ...