CFO / Financial
Allstate Reports Disaster Costs Down, Investments Up for Q2
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second quarter profit climbed on investment gains and reduced costs tied to natural disasters. Net income climbed 2.6 ...
Insurer Alleghany Buys Stake in Asset Manager Ares, Commits Up to $1B
Alleghany Corp., the insurer that bought Transatlantic Holdings Inc., acquired a stake in Ares Management LLC and agreed to invest as much as $1 billion in the asset manager to diversify its ...
RMS Version 13.0 Released For North American Hurricanes
RMS announced the release of its North Atlantic hurricane model suite, version 13.0, today, noting that the release delivers the ability to fully quantify the risk from catastrophic hurricane-driven ...
How Most of the Insurance Industry Escaped the Worst of the Financial Crisis
At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry's own practices and the policies of state ...
How To Own Your Risk: AIR Worldwide Explains Touchstone
Released in January 2013, AIR Worldwide's Touchstone modeling platform was five years in the making, according to the catastrophe modeling firm's new chief operating officer. Below, Bill Churney, a ...Zambian Reinsurer Prima Re Plans IPO
Prima Reinsurance Plc, a Zambian insurer, plans to raise about $4 million by the end of the year in the country's first initial public offering since 2008. The proceeds will go toward meeting higher ...
The Soft Stuff Is Often The Hardest: Change Management Critical In PAS Transformation
Over the past year, we've seen an unprecedented investment by small and midsize carriers in policy administration transformation. Carriers that experience successful PAS implementations will be well ...
Commercial Lines Rate Increases Slowed in Q2: The Council
Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases also surfaced. The Council of Insurance Agents & ...