CFO / Financial
Midyear Update 2022: Transitions
The theme of transitions is a fitting one, which ties together many of the articles in Carrier Management's midyear digital magazine. We're publishing soon after the start of summer, and the weather ...
Carriers Will Be Slow to Raise Limits in ‘Nuanced’ Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
Tech Arms Race Favors Giant Commercial Carriers
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
Innovating to Control Costs: Carriers Seeking Top-Line Growth Amid Bottom-Line Pressures
Given the highly competitive non-life market, and the depressed pricing that accompanies excess capacity, leaders in the global property/casualty insurance and reinsurance markets have found ...
S&P Upgrades Fairfax Operating Subs to ‘A’; Outlook Stable
On Monday, S&P Global Ratings said it raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd. to "A" from "A-" with a stable ...
U.S. P/C Q1 2022 Underwriting Income Up 5 Percent: AM Best
AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6 percent to $3.3 billion. Explaining the result, AM Best said that a 10.5 percent ...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion
Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C ...
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources
India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 ...