CFO / Financial
Firms Still Reluctant To Make Acquisitions: E&Y Executives Survey
Companies around the world are still reluctant to go on the acquisition trail even though they are becoming more confident about the global economy, a survey found Monday. In its half-yearly ...
News Corp., Shareholders Agree To Phone Hacking Deal; Insurers To Pay $139M
News Corp. will receive $139 million worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company's phone hacking ...
Fitch Commercial Lines Analysis: Workers’ Comp Weak; Med Prof Deteriorating
Accident-year loss ratios for all major commercial insurance lines except medical professional liability insurance improved in 2012, but none of them produced an accident-year underwriting profit ...S&P Facing Second Class Action by Australian Investors
Scores of Australian investors have filed a second class-action lawsuit against Standard & Poor's (S&P), claiming the ratings agency misled them by giving its highest rating to derivatives ...
IMF Issues Stern Advice for World’s Major Economies
The International Monetary Fund had stern advice for the euro zone and other major economies on Tuesday in its periodic update on the health of the world economy. The following are the highlights ...
Minding The Gap: Investment Risk Management In A Low-Yield Environment
A significant component of managing a property/casualty insurance company's investment portfolio is gap management—ensuring that asset cash flows and returns always exceed claims and expenses by a ...
Changing Reinsurance Market Conditions Favor Mutual Insurers: Willis Re
Mutual insurers are in a prime position to capitalize on changes in the traditional reinsurance market, according to Willis Re, the reinsurance broking arm of Willis Group Holdings. The recent 1st ...
U.S. Regulators Making Progress Against ‘Too-Big-to-Fail’
For the past year, a special team of U.S. bank regulators has been on a quiet mission to end the belief on Wall Street that large banks are "too big to fail." The team from the Federal Deposit ...