CFO / Financial
S&P Ups XL Rating to A+; 3Q Earnings Fall on Large Losses
Standard & Poor's boosted the financial ratings of the operating subsidiaries of XL Group to A+ on Tuesday, providing external affirmation of positive progress made over the last five years. ...
Reinsurers Target Regional Carriers as Alternative Capital Lures National Accounts
Regional and super-regional carriers may start getting more attention from reinsurers in advance of Jan. 1, 2014 renewals, a broker representative predicted recently. During the PCI Annual Meeting in ...
SEC’s Gallagher Slams Effort to Adopt Political Disclosure Rules
The U.S. Securities and Exchange Commission should not waste time drafting rules to force companies to disclose information like campaign contributions or government payments for energy projects, a ...
Finnegan to Remain Chubb CEO through 2016; Krump, Robusto Switch Some Roles
The Chubb Corporation's board of directors announced Thursday that John D. Finnegan, Chubb's Chairman, President and Chief Executive Officer, will remain in his current roles until the end of 2016, ...
P/C Insurance CFOs Cite Interest Rates As Top Concern
Chief financial officers with leading North American property/casualty insurers rank interest rates as their top concern, above catastrophes and pricing. Eighty-one percent list interest rates as ...
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...
Reinsurers Get Down to Business in Baden-Baden; Willis Re Chairman Comments
"I don't think there have been any big changes between Monte Carlo and Baden-Baden," said James Vickers, chairman of Willis Re International. This isn't that surprising, given that the two ...
Hannover Re Sees Rate Hikes in Germany, Stable Rates Elsewhere
Hannover Re, the world's third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year's flooding and hailstorms, which led to the most costly ...