CFO / Financial
CNA Says More Rate Hikes to Come After $84M Q4 Net Loss
CNA Financial Corp. lost $84 million in its 2018 fourth quarter, a result the Chicago-based property/casualty insurer blames on poor investment returns and catastrophe losses. At the same time, CNA ...
Allstate Reports $312 Million Loss in Q4
The Allstate Corp. lost $312 million in its 2018 fourth quarter, hammered by higher catastrophe losses, a drop in investment income and a larger pension settlement charge. Still, the losses could ...
W.R. Berkley’s Reinsurance Combined Ratio Worsens; Q4 Net Income Dips
W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio, thanks to higher catastrophe loss expenses. At the same time, insurance premiums and investment ...
2018 Catastrophes Made ‘Muted Impact’ on Jan. 1 Renewals: Guy Carpenter
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
Brexit Uncertainty Leads to Shrinking Demand for Britain’s Financial Sector
Uncertainty over Brexit and the economy have led demand for Britain's financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business ...
Most Commercial Lines Saw Q4 Rate Hikes; Workers Comp, Not So Much
Most commercial insurance lines experienced rate increases for the 2018 fourth quarter, with workers compensation continuing to serve as a notable exception, according to the latest IVANS index ...
Leadership Tips to Start Your Year
From technology to office politics and when to call it quits, executives and leaders need to be savvy about many things in order to accomplish their goals and help their companies advance and thrive. ...
Between an Ant and a Grasshopper, Lemonade’s Results ‘Most Improved’
The three U.S. venture-backed InsurTech carriers we have been tracking for several quarters have more money, more premium and more losses as we head into the last quarter of the year. During the ...