CFO / Financial
Chubb CFO Bancroft Retiring; Enns Is Successor
Chubb announced on Friday that Philip Bancroft, executive vice president of Chubb Group and chief financial officer, plans to retire from the company on July 1 after 19 years of service. Peter Enns, ...
The U.S. Struck Hardest by 2020 Global Insured Cat Losses: Aon
As bad as 2020 was, global insured catastrophe losses came in at relatively normal levels. The U.S. stands as a notable exception, however, with a large surge in hurricanes, wildfires, and other ...
VIDEO: Is ‘Insurance-As-A-Service’ Coming in 2021?
Could a trend from the fintech world—"finance-as-a-service" platforms allowing non-financial product or service providers to embed financial capabilities into their customer experiences—soon ...
Ranking U.S. Insurers: How They Score on ESG Performance
For the past several years, environmental, social and governance (ESG) factors have figured prominently in the investment decisions of institutional investors, pension funds and shareholders. The ...
Combined Ratios Still Better Than Breakeven Through Nine Months
In separate analyses published yesterday, both AM Best and Fitch Ratings reported double-digit drops in operating income for North American property/casualty insurers through nine months but said ...
Potential Industry Disrupter: Insurance-as-a-Service
How do property/casualty insurers and brokers stack up against other industries in terms of innovation? In short, they aren't sprinting anywhere as fast as "innovation natives" in the high-tech and ...
Frequent Hurricane Shutdowns Create Business Interruption Struggles for U.S. Energy Firms
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year's repeated oil and gas production halts were already hitting energy firms' results. Eight named storms ...
Reinsurers’ Investment Strategies Help Them Tolerate COVID-19 Impact: S&P
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this ...