CFO / Financial
Florida’s Property Insurer Avoids Storms, Piles Up Cash As Its Bonds Suffer
Florida's government-run insurance system has amassed record cash reserves as hurricanes bypassed the state since 2005. That hasn't helped investors in its bonds, with some trailing benchmarks by the ...
Zurich Defends Financial Reporting
Leaders of Zurich Insurance Group defended the quality of its financial reporting on Friday in response to media speculation and analysts' questions linking financial disclosure issues to recent ...
Compensation Gaps in the Insurance Industry: University Research
As part of a research project focused on analyzing leadership demographics in the insurance industry, Saint Joseph's University examined compensation level for senior officers in various market ...
Saint Joseph’s University Research Shines Light on Gender Diversity in Insurance
The insurance industry has long suffered from a "brand identity" crisis on many fronts. Often accused of improper sales and marketing of our products and poor handling of policyholder claims after a ...
U.S. Banks’ $100 Billion Legal Tab for Financial Crisis Exceeds Combined Profit
The six biggest U.S. banks, led by JPMorgan Chase & Co. and Bank of America Corp., have piled up $103 billion in legal costs since the financial crisis, more than all dividends paid to ...
What’s Wrong With a Solvency II Approach to P/C Solvency Regulation?
Solvency II (SII) is a European initiative intended to bring a more coordinated, consistent and modern approach to solvency regulation of insurance companies. It involves changes in accounting rules ...
Zurich Insurance CFO Wauthier Committed Suicide, Zug Police Say
Pierre Wauthier, chief financial officer of Zurich Insurance Group AG, probably committed suicide at his home, according to police. He was 53. An autopsy to determine the cause of death "clearly ...
Top 10 Non-Life Reinsurers: A.M. Best Ranking
There is only one new name on the latest ranking of the top 10 global non-life reinsurers, with China Reinsurance (Group) Corp. replacing Transatlantic Reinsurance Co. on a list extracted from an ...