CFO / Financial
Looming Accounting Standard Will Add Complexity to Reserve Setting
Urging property/casualty insurance company investors to respond to a request for comment about a proposed accounting standard before the looming deadline, a carrier CFO said the proposal is destined ...
Endurance Building ‘Relevance’ Through Leadership Changes, CFO Says
Armed with the overstuffed Rolodex of its new CEO, John Charman, Endurance Specialty Holdings is moving into new markets like a startup, the company's chief financial officer suggested at an investor ...Industries Look to UN Report for Guidance on Climate Risks
Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face. Extreme ...
Lloyd’s Profit Dips Due to Investment Slump
The Lloyd's of London insurance market posted a decline in headline first-half profit after falling bond prices hit investment returns, offsetting robust trading by its members. In a trading ...
Two Voted Against Designating Prudential As Systemic Risk
Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of regulators charged with preventing another crisis. Edward ...Meadowbrook Cuts Credit Facility to Meet Loan Covenants
Meadowbrook Insurance Group Inc., which had its rating cut in early August by A.M. Best, said it will reduce the funds available on a credit facility as part of an agreement to comply with loan ...
SEC Turns Policy Corner with JPMorgan Guilty Admission
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge ...