CFO / Financial
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more ...
A Quarantine Dispatch on Metromile, Lemonade and Root’s Financials
Since the first article in this series, Dispatches From InsurTech Survival Island, our principal goal in analyzing the quarterly statutory statements of the most relevant U.S. property/casualty ...
Diverging Views: Is COVID a One-Off Cat or Not?
While reinsurers are "open for business" and insurers and reinsurers are reporting the impacts of COVID-19 as a one-off catastrophe impacting earnings rather than capital, equity markets are viewing ...
Reinsurers Won’t Earn Cost of Capital; More Rate Hikes: Fitch
The global reinsurance sector will fail to earn its cost of capital in 2020 amid the coronavirus crisis, which will help maintain reinsurance price increases during the year ahead, said Fitch ...
Underwriting Profits Up 21 Percent for Q1 2020: AM Best Analysis
Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate underwriting profits for first-quarter 2020 were ...
Robinson Is New HIIG CEO, Replacing Way
Houston International Insurance Group Ltd. announced Tuesday that the HIIG board of directors appointed Andrew Robinson as chief executive officer, effective immediately. Robinson is filling the spot ...
Activist Shareholder to Watford: Sell Yourself or Go Into Runoff
Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the reinsurer to sell itself or be put into runoff. In a letter to Watford's board of directors, the ...
Modernizing the Finance Function: Achieving Rapid Results Through Micro Transformation
The insurance and reinsurance industry is notoriously slow to change, with many companies unable to fully take advantage of innovative new technology. Burdened with legacy systems and constrained by ...